Left Hand, West Virginia Property Taxes
The median property tax rate in LEFT HAND, WV is 0.53%, 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 LEFT HAND at $87,500, the typical annual property tax bill is $455, well below the national median of $2,690. Property taxes in LEFT HAND 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 LEFT HAND'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 LEFT HAND or another part of Roane County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Left Hand, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$464
Ownwell’s LEFT HAND Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LEFT HAND with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LEFT HAND 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 Left Hand, West Virginia
Property taxes in Left Hand, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Left Hand is 0.53%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Left Hand set these rates annually, and they can vary significantly across different neighborhoods. Each year, Left Hand 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 Left Hand's effective property tax rate to other areas in West Virginia and the national median. For comparison, the highest median property tax rate in Roane County is 0.53%, found in the zip code 25251, while the lowest median tax rate is also 0.53% in the same zip code. Understanding how these areas compare with Left Hand 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 Left Hand Tax Rate
0.53%
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 Left Hand, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25251 | 0.33% | 0.44% | 0.53% | 0.53% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Left Hand, West Virginia
In LEFT HAND, 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 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 LEFT HAND, 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 LEFT HAND helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The lowest and highest median tax bills in the area are both $455, found in the ZIP code 25251.
Average Left Hand Assessed Value
$87,500
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 Left Hand, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25251 | $20,580 | $50,250 | $87,500 | $126,650 | $183,000 |
Source: Ownwell
Property Tax Bills Across Left Hand, West Virginia
In Left Hand, located in Roane County, WV, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Left Hand is $87,500. To determine the tax bill, the assessed value is multiplied by the local tax rate. Homeowners in this area experience a range of property tax bills. For instance, the 25th percentile tax bill is $253, while the 75th percentile tax bill is $681, and the 90th percentile tax bill reaches $1,020. These tax bills are influenced by various factors, including the assessed value of the property, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, homeowners in Left Hand generally face lower tax bills. This can significantly impact homeowners by making property ownership more affordable and potentially increasing disposable income for other expenses.
Average Left Hand Tax Bill
$455
Average Roane County Tax Bill
$415
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Left Hand, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25251 | $122 | $253 | $455 | $681 | $1,020 |
Source: Ownwell