Davis, West Virginia Property Taxes
The median property tax rate in Davis, WV is 0.54%, considerably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Davis at $210,200, the typical annual property tax bill reaches $1,156, falling well below the national median of $2,690. Property taxes in Davis 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 Davis'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 Davis or another part of Tucker County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Davis, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.54%
Estimate Property Tax Bill
$1,135
Ownwell’s Davis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Davis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Davis 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 Davis, West Virginia
Property taxes in Davis, 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 Davis is 0.54%, which is lower than the U.S. national median of 0.99%. Local government entities within Davis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Davis 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 Davis's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 26260 has both the highest and lowest median property tax rate of 0.54%. Understanding how these cities compare with Davis provides valuable insights into the varying tax landscape across Tucker County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Davis Tax Rate
0.54%
Average Tucker County Tax Rate
0.40%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Davis, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26260 | 0.40% | 0.40% | 0.54% | 0.79% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Davis, West Virginia
In Davis, 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 Tucker 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 Davis, 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. The median home price in Davis is $210,200, and property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $669, while at the 75th percentile it reaches $1,884, and at the 90th percentile, it can go up to $3,044. 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 Davis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Davis Assessed Value
$210,200
Average Tucker County Assessed Value
$90,400
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Davis, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26260 | $65,120 | $113,900 | $210,200 | $328,600 | $459,280 |
Source: Ownwell
Property Tax Bills Across Davis, West Virginia
In Davis, Tucker County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Davis can expect a range of property tax bills depending on their home's value. For example, the tax bill at the 25th percentile is $669, while at the 75th percentile, it rises to $1884. The highest tax bill observed in the area is $3044, indicating a significant variation based on property values. Several factors influence the property tax bill, including the market value of the home, the local tax rate, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Davis homeowners experience a varied tax burden, reflecting the unique characteristics of the local real estate market. These tax obligations impact homeowners by influencing their overall housing costs and financial planning.
Average Davis Tax Bill
$1,156
Average Tucker County Tax Bill
$451
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Davis, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26260 | $356 | $669 | $1,156 | $1,884 | $3,044 |
Source: Ownwell