Roane County Property Taxes
The median property tax rate in Roane County is 0.53%, which is significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Roane County at $76,300, the typical annual property tax bill is $415, far below the national median of $2,690. Property taxes in Roane County are calculated based on the assessed value, which generally falls below the actual market value due to various property tax exemptions, such as the primary residence and agricultural exemptions. Understanding Roane County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Spencer or another part of Roane County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roane County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$404
Ownwell’s Roane County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Roane County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Roane County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Roane County, West Virginia
Property taxes in Roane County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Roane County is 0.53%, which is lower than the U.S. national median of 0.99%. Local government entities within Roane County set these rates annually, and they can vary significantly between different areas within the county. Each year, Roane County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Spencer has one of the higher property tax rates in the region at 0.53%, while the city of Kenna boasts one of the lowest at 0.47%. Analyzing how Roane County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Roane County Tax Rate
0.53%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roane County, West Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amma | 0.36% | 0.41% | 0.53% | 0.53% | 1.07% |
| Arnoldsburg | 0.27% | 0.28% | 0.35% | 0.44% | 0.50% |
| Clendenin | 0.31% | 0.47% | 0.53% | 0.53% | 1.07% |
| Elkview | N/A | N/A | N/A | N/A | N/A |
| Gandeeville | 0.34% | 0.53% | 0.53% | 0.53% | 1.07% |
| Gay | 0.36% | 0.42% | 0.53% | 0.53% | 0.54% |
| Kenna | 0.42% | 0.44% | 0.47% | 0.50% | 0.52% |
| Left Hand | 0.33% | 0.44% | 0.53% | 0.53% | 1.07% |
| Le Roy | 0.33% | 0.44% | 0.53% | 0.53% | 1.07% |
| Looneyville | 0.33% | 0.43% | 0.53% | 0.53% | 1.07% |
| Newton | 0.28% | 0.41% | 0.53% | 0.53% | 1.01% |
| Ovapa | N/A | N/A | N/A | N/A | N/A |
| Pigeon | 0.29% | 0.38% | 0.53% | 0.53% | 0.53% |
| Procious | 0.44% | 0.53% | 0.53% | 0.53% | 0.53% |
| Reedy | 0.32% | 0.41% | 0.53% | 0.54% | 1.07% |
| Spencer | 0.32% | 0.46% | 0.53% | 0.68% | 1.07% |
| Wallback | 0.43% | 0.50% | 0.53% | 0.53% | 0.53% |
| Walton | 0.32% | 0.43% | 0.53% | 0.53% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Roane County, West Virginia
In Roane County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Roane County Appraisal District. The assessed value, however, 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. Assessment notices in Roane County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Kenna has the highest median tax bill at $596, while Pigeon has the lowest at $312. Being aware of these valuation processes in Roane County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Roane County, West Virginia
Source: Ownwell
$21,300
$74,775
$128,250
Average Roane County Assessed Value
$76,300
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Roane County, West Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amma | $20,760 | $47,900 | $86,600 | $119,800 | $154,460 |
| Arnoldsburg | $43,400 | $67,600 | $80,850 | $125,375 | $240,850 |
| Clendenin | $3,310 | $41,350 | $76,600 | $119,400 | $163,100 |
| Elkview | N/A | N/A | N/A | N/A | N/A |
| Gandeeville | $14,290 | $42,700 | $82,200 | $113,100 | $159,420 |
| Gay | $9,680 | $44,400 | $87,700 | $140,800 | $199,040 |
| Kenna | $119,330 | $122,675 | $128,250 | $133,825 | $137,170 |
| Left Hand | $20,580 | $50,250 | $87,500 | $126,650 | $183,000 |
| Le Roy | $19,980 | $53,000 | $93,150 | $127,525 | $188,560 |
| Looneyville | $24,300 | $48,150 | $87,800 | $131,850 | $186,200 |
| Newton | $24,000 | $43,800 | $78,800 | $124,600 | $180,300 |
| Ovapa | N/A | N/A | N/A | N/A | N/A |
| Pigeon | $11,200 | $30,300 | $67,200 | $99,700 | $135,420 |
| Procious | $6,180 | $13,300 | $21,300 | $74,100 | $120,220 |
| Reedy | $21,420 | $47,800 | $81,600 | $123,800 | $171,280 |
| Spencer | $17,400 | $42,100 | $75,000 | $113,600 | $167,600 |
| Wallback | $73,320 | $98,700 | $114,400 | $134,125 | $166,750 |
| Walton | $11,840 | $33,200 | $69,650 | $108,775 | $155,550 |
Source: Ownwell
Property Tax Bills Across Roane County, West Virginia
Property tax bills in Roane County, WV are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the final tax bill, including property location, improvements, and exemptions. For instance, the median home price in Roane County is $76,300, which serves as a baseline for calculating taxes. Homeowners in Roane County experience varying tax bills. The 25th percentile tax bill is $227, while the 75th percentile reaches $650, and the 90th percentile can be as high as $945. The highest median tax bill is found in Kenna at $596, whereas the lowest is in Pigeon at $312. These variations can significantly affect homeowners, as higher property taxes can increase the cost of owning a home, while lower taxes can make homeownership more affordable. The national median property tax rate is 0.99%, providing a benchmark for comparison.
Average Roane County Tax Bill
$415
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Roane County, West Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Amma | $124 | $256 | $415 | $602 | $825 |
| Arnoldsburg | $185 | $200 | $343 | $497 | $532 |
| Clendenin | $84 | $202 | $398 | $613 | $887 |
| Elkview | N/A | N/A | N/A | N/A | N/A |
| Gandeeville | $109 | $233 | $398 | $592 | $862 |
| Gay | $108 | $236 | $415 | $694 | $883 |
| Kenna | $572 | $581 | $596 | $610 | $619 |
| Left Hand | $122 | $253 | $455 | $681 | $1,020 |
| Le Roy | $97 | $254 | $499 | $674 | $946 |
| Looneyville | $129 | $256 | $439 | $704 | $978 |
| Newton | $103 | $207 | $396 | $645 | $935 |
| Ovapa | N/A | N/A | N/A | N/A | N/A |
| Pigeon | $95 | $184 | $312 | $521 | $608 |
| Procious | $56 | $64 | $100 | $166 | $307 |
| Reedy | $116 | $264 | $444 | $654 | $903 |
| Spencer | $110 | $240 | $433 | $672 | $985 |
| Wallback | $343 | $406 | $522 | $703 | $885 |
| Walton | $73 | $177 | $363 | $579 | $871 |
Source: Ownwell