White Oak, West Virginia Property Taxes
The median property tax rate in White Oak, WV is 0.41%, 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 $68,000, the typical annual property tax bill in White Oak is $277, far below the national median of $2,690. Property taxes in White Oak are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding White Oak'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 White Oak 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
White Oak, 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 White Oak Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in White Oak with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in White Oak 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 White Oak, West Virginia
Property taxes in White Oak, West Virginia, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in White Oak is 0.41%, significantly lower than the U.S. national median of 0.99%. Local government entities within White Oak set these rates annually, and they can vary across different neighborhoods. Each year, White Oak 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 White Oak's effective property tax rate to other regions in West Virginia and the national median. For comparison, the zip code 25989 in Summers County has the same median property tax rate of 0.41%. Understanding how these areas compare with White Oak 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 White Oak Tax Rate
0.41%
Average Summers County Tax Rate
0.41%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across White Oak, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25989 | 0.41% | 0.41% | 0.41% | 0.41% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across White Oak, West Virginia
In White Oak, 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 Summers 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 White Oak, 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 median home price in White Oak is $68,000, with the highest and lowest median tax bills both being $277 in zip code 25989. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across White Oak, West Virginia
Source: Ownwell
$53,200
$106,050
$158,900
Average White Oak Assessed Value
$68,000
Average Summers County Assessed Value
$66,000
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across White Oak, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25989 | $68,000 | $68,000 | $68,000 | $68,000 | $68,000 |
Source: Ownwell
Property Tax Bills Across White Oak, West Virginia
In White Oak, located in Summers County, WV, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $68,000. Property taxes are determined by multiplying the assessed value by the local property tax rate, which, in this case, results in a consistent tax bill of $277 across various percentiles. Unlike many regions where tax bills can vary significantly, White Oak presents a unique scenario where the 25th, 75th, and 90th percentiles all share the same tax bill of $277. This uniformity in tax bills simplifies financial planning for homeowners. Compared to the national median property tax rate of 0.99%, White Oak's tax rate results in a relatively low tax burden. Such predictable tax obligations can be a relief for homeowners, ensuring they are not blindsided by unexpected increases. This stability can also make White Oak an attractive place for potential homebuyers looking for financial predictability.
Average White Oak Tax Bill
$277
Average Summers County Tax Bill
$304
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across White Oak, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25989 | $277 | $277 | $277 | $277 | $277 |
Source: Ownwell