Hinton, West Virginia Property Taxes
The median property tax rate in Hinton, WV is 0.72%, which aligns with the state median but is lower than the national median of 0.99%. With the median home value in Hinton, the typical annual property tax bill amounts to $224, significantly less than the national median of $2,690. Property taxes in Hinton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hinton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Hinton or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hinton, West Virginia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Hinton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hinton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hinton to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Hinton, West Virginia
Property taxes in Hinton, West Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hinton is 0.57%, significantly lower than both the West Virginia state median of 0.57% and the U.S. national median of 0.99%. Local government entities within Hinton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hinton estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Hinton's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25951 zip code has the highest median property tax rate of 0.72%, while the same 25951 zip code also has the lowest median tax rate of 0.72%. Understanding how these cities compare with Hinton provides valuable insights into the varying tax landscape across Summers County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hinton Tax Rate
0.72%
Average Raleigh County Tax Rate
0.72%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hinton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25951 | 0.36% | 0.72% | 0.72% | 0.72% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Hinton, West Virginia
In Hinton, West Virginia, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Hinton, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Hinton stands at $33,100. The median tax bill can vary significantly, with the 25th percentile at $106 and the 75th percentile at $438. The highest median tax bill in the area is $224, found in the 25951 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Hinton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hinton Assessed Value
$33,100
Average Raleigh County Assessed Value
$52,200
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hinton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25951 | $7,600 | $14,900 | $33,100 | $62,250 | $95,600 |
Source: Ownwell
Property Tax Bills Across Hinton, West Virginia
In Hinton, located in Raleigh County, WV, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and typically represents a percentage of the property's market value. Homeowners in Hinton see a range of property tax bills, with the 25th percentile at $106 and the 75th percentile at $438, indicating variability based on property values and specific assessments. Several factors influence the tax bill, including the property's location, size, and any improvements made. The highest median tax bill in the area is $224, which is relatively modest compared to the national median property tax rate of 0.99%. This lower tax burden can make homeownership more affordable for residents. However, it also means that local services funded by property taxes, such as schools and public safety, may receive less funding. Understanding these factors helps homeowners anticipate their annual expenses and plan their finances accordingly.
Average Hinton Tax Bill
$224
Average Raleigh County Tax Bill
$419
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Hinton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25951 | $54 | $106 | $224 | $438 | $690 |
Source: Ownwell