Hacker Valley, West Virginia Property Taxes
The median property tax rate in Hacker Valley, 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 $37,800 in Hacker Valley, the typical annual property tax bill amounts to $167, far below the national median of $2,690. Property taxes in Hacker Valley are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Hacker Valley's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Hacker Valley or another part of Webster County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hacker Valley, 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 Hacker Valley Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Hacker Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hacker Valley 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 Hacker Valley, West Virginia
Property taxes in Hacker Valley, 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 Hacker Valley is 0.41%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Hacker Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hacker Valley 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 Hacker Valley's effective property tax rate to other areas in Webster County and the national median. For comparison, 26222 has both the highest and lowest median property tax rate of 0.41%. Understanding how these cities compare with Hacker Valley 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 Hacker Valley 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 Hacker Valley, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26222 | 0.20% | 0.41% | 0.41% | 0.81% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Hacker Valley, West Virginia
In Hacker Valley, West Virginia, grasping the difference between "market value" and "assessed value" is essential for understanding property taxes. The market value represents the price a willing buyer would pay a willing seller in an open market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Webster County Assessor for tax purposes. Conversely, 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 property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices in Hacker Valley are generally mailed out in the spring, typically by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. Understanding these valuation concepts allows property owners to better navigate their tax responsibilities and comprehend how their property taxes are determined. Awareness of these processes helps identify opportunities for protesting assessments or applying for exemptions to manage the tax burden effectively. In Hacker Valley, the highest median tax bill is $167 in the 26222 zip code, which also has the lowest median tax bill of $167. The national median property tax rate is 0.99%, making it crucial for homeowners to stay informed and proactive.
Property Tax Assessment Values Across Hacker Valley, West Virginia
Source: Ownwell
$26,900
$39,550
$52,200
Average Hacker Valley Assessed Value
$37,800
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 Hacker Valley, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26222 | $10,100 | $20,200 | $37,800 | $57,950 | $86,100 |
Source: Ownwell
Property Tax Bills Across Hacker Valley, West Virginia
In Hacker Valley, located in Webster County, WV, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. The county determines the assessed value and then applies the local tax rate to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Hacker Valley, the median home price is $37,800, with tax bills ranging from the 25th percentile at $86 to the 90th percentile at $427. This range indicates that property taxes can vary significantly depending on the specific characteristics of the property. The highest and lowest median tax bills in the area are both $167, which is significantly lower than the national median property tax rate of 0.99%. These relatively low property taxes can make homeownership more affordable, but it's essential for homeowners to stay informed about any changes in property assessments or tax rates that could impact their annual tax bills.
Average Hacker Valley Tax Bill
$167
Average Webster County Tax Bill
$149
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Hacker Valley, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26222 | $47 | $86 | $167 | $263 | $427 |
Source: Ownwell