Whitesville, West Virginia Property Taxes
The median property tax rate in Whitesville, WV is 0.72%, which aligns with the West Virginia state median but is lower than the national median of 0.99%. With a median home value of $26,900 in Whitesville, the typical annual property tax bill amounts to $212, significantly below the national median of $2,690. Property taxes in Whitesville are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Whitesville'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 Whitesville or another part of Raleigh County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Whitesville, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$194
Ownwell’s Whitesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whitesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whitesville 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 Whitesville, West Virginia
Property taxes in Whitesville, 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 Whitesville is 0.72%, lower than the U.S. national median of 0.99%. Local government entities within Whitesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whitesville 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. Understanding how these cities compare with Whitesville provides valuable insights into the varying tax landscape across Raleigh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Whitesville 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 Whitesville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25209 | 0.37% | 0.72% | 0.72% | 0.72% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Whitesville, West Virginia
In Whitesville, 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 Raleigh County Assessor 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 Whitesville, 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. By understanding the distinction between 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 Whitesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill in Raleigh County is $212 in the 25209 zip code, while the lowest median tax bill is also $212 in the same zip code.
Property Tax Assessment Values Across Whitesville, West Virginia
Source: Ownwell
$6,300
$72,500
$138,700
Average Whitesville Assessed Value
$26,900
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 Whitesville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25209 | $4,400 | $11,100 | $26,900 | $55,850 | $72,680 |
Source: Ownwell
Property Tax Bills Across Whitesville, West Virginia
In Whitesville, property tax bills are determined by assessing the value of a property and applying the local tax rate to this assessed value. The assessed value is typically a percentage of the market value of the home. For example, with a median home price of $26,900, the assessed value would be calculated based on the specific assessment ratio used by Raleigh County. Once the assessed value is determined, the local tax rate is applied to calculate the annual tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Whitesville might see variations in their tax bills, with the 25th percentile paying around $84 and the 75th percentile paying up to $381. For those in the 90th percentile, tax bills can go as high as $538. These taxes fund essential services like schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Comparing to the national median property tax rate of 0.99%, Whitesville's tax rates reflect the local economic landscape and funding needs.
Average Whitesville Tax Bill
$212
Average Raleigh County Tax Bill
$419
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Whitesville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25209 | $33 | $84 | $212 | $381 | $538 |
Source: Ownwell