Camden On Gauley, West Virginia Property Taxes
The median property tax rate in Camden on Gauley, WV is 0.41%, 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 Camden on Gauley, the typical annual property tax bill is $133, far below the national median of $2,690. Property taxes in Camden on Gauley 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 Camden on Gauley'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 Camden on Gauley 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
Camden On Gauley, 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 Camden on Gauley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Camden on Gauley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Camden on Gauley 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 Camden On Gauley, West Virginia
Property taxes in Camden on Gauley, 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 Camden on Gauley is 0.41%, which is lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Camden on Gauley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Camden on Gauley 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 Camden on Gauley's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26208 zip code has both the highest and lowest median property tax rate of 0.41%. Understanding how these cities compare with Camden on Gauley provides valuable insights into the varying tax landscape across Webster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Camden On Gauley Tax Rate
0.41%
Average Webster County Tax Rate
0.41%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Camden On Gauley, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26208 | 0.13% | 0.41% | 0.41% | 0.41% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Camden On Gauley, West Virginia
In Camden on Gauley, 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 local 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. Assessment notices in Camden on Gauley 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. In Camden on Gauley, the highest median tax bill is $133 in the 26208 zip code, while the lowest median tax bill is also $133 in the same zip code. 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 Camden On Gauley, West Virginia
Source: Ownwell
$26,900
$39,550
$52,200
Average Camden On Gauley Assessed Value
$32,100
Average Webster County Assessed Value
$32,900
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Camden On Gauley, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26208 | $4,580 | $16,400 | $32,100 | $50,550 | $72,200 |
Source: Ownwell
Property Tax Bills Across Camden On Gauley, West Virginia
In Camden on Gauley, located in Webster County, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this area experience property tax rates that result in varying annual bills. For instance, the median home price in Camden on Gauley is $32,100. Depending on the property's assessed value and the applicable tax rate, annual tax bills can range significantly. The 25th percentile tax bill is around $68, while the 75th percentile reaches $221, and the 90th percentile can go up to $351. These tax bills are influenced by factors such as property size, location, and any applicable exemptions. Homeowners in Camden on Gauley generally face lower property tax bills compared to the national median property tax rate of 0.99%, making it relatively affordable. This lower tax burden can be beneficial for homeowners, providing a more manageable annual expense compared to higher-tax regions.
Average Camden On Gauley Tax Bill
$133
Average Webster County Tax Bill
$149
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Camden On Gauley, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26208 | $32 | $68 | $133 | $221 | $351 |
Source: Ownwell