Kenna, West Virginia Property Taxes
The median property tax rate in Kenna, WV is 0.47%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $128,250 in Kenna, the typical annual property tax bill comes to $596, well below the national median of $2,690. Property taxes in Kenna are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Kenna's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Kenna or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kenna, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$603
Ownwell’s Kenna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kenna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kenna 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 Kenna, West Virginia
Property taxes in Kenna, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kenna is 0.47%, which is significantly lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Kenna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kenna 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 Kenna's effective property tax rate to other areas in West Virginia and the national median. For comparison, the ZIP code 25248 has both the highest and lowest median property tax rate of 0.47%. Understanding how these areas compare with Kenna provides valuable insights into the varying tax landscape across Roane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kenna Tax Rate
0.47%
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 Kenna, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25248 | 0.42% | 0.44% | 0.47% | 0.50% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Kenna, West Virginia
In Kenna, 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 Roane 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 Kenna, 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. The zip code with the highest median tax bill in Kenna is 25248, with a tax bill of $596. Being aware of these valuation processes in Kenna helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kenna Assessed Value
$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 Kenna, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25248 | $119,330 | $122,675 | $128,250 | $133,825 | $137,170 |
Source: Ownwell
Property Tax Bills Across Kenna, West Virginia
Property tax bills in Kenna, WV, are calculated based on the assessed value of the property, which is a percentage of the market value determined by the local assessor. The tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including property size, location, and any improvements made to the property. In Kenna, the median home price is $128,250, and property tax bills can vary. For instance, the 25th percentile tax bill is $581, while the 75th percentile tax bill is $610, with the 90th percentile reaching $619. These figures are relatively modest compared to the national median property tax rate of 0.99%. Homeowners in Kenna benefit from these lower property tax rates, which can make homeownership more affordable and financially manageable. However, it's essential for property owners to stay informed about any changes in tax rates or assessments that could affect their annual tax obligations.
Average Kenna Tax Bill
$596
Average Roane County Tax Bill
$415
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Kenna, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25248 | $572 | $581 | $596 | $610 | $619 |
Source: Ownwell