Jesse, West Virginia Property Taxes
The median property tax rate in Jesse, WV is 1.37%, considerably higher than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Jesse, the typical annual property tax bill reaches $281, which is significantly lower than the national median of $2,690. Property taxes in Jesse 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 Jesse'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 Jesse 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
Jesse, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$590
Ownwell’s JESSE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in JESSE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in JESSE 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 Jesse, West Virginia
Property taxes in Jesse, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jesse is 1.37%, significantly higher than the U.S. national median of 0.99%. Local government entities within Jesse set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jesse 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 Jesse's effective property tax rate to other areas in West Virginia and the national median. For comparison, the 24849 zip code has the highest median property tax rate of 1.37%, while the same zip code also has the lowest median tax rate of 1.37%. Understanding how these areas compare with Jesse provides valuable insights into the varying tax landscape across Wyoming County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jesse Tax Rate
1.37%
Average Wyoming County Tax Rate
0.68%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jesse, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24849 | 0.33% | 0.46% | 1.37% | 1.37% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Jesse, West Virginia
In Jesse, WV, 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. In Jesse, 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 Jesse is $43,050, and the 25th percentile tax bill is $186, while the 75th percentile tax bill is $589. The highest median tax bill in Jesse is $281 in the 24849 zip code. 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 Jesse helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Jesse Assessed Value
$43,050
Average Wyoming County Assessed Value
$25,000
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jesse, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24849 | $17,850 | $26,600 | $43,050 | $51,875 | $70,310 |
Source: Ownwell
Property Tax Bills Across Jesse, West Virginia
In Jesse, property tax bills are calculated based on the assessed value of the home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $43,050, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $186, while at the 75th percentile, it rises to $589. The 90th percentile sees tax bills reaching up to $695. Several factors influence these calculations, including property size, location, and any applicable exemptions. Homeowners in Jesse, situated in Wyoming County, face a property tax rate that can significantly impact their annual expenses. Compared to the national median property tax rate of 0.99%, the rates in Jesse reflect the local economic conditions and property values. Understanding these factors can help homeowners better anticipate their financial obligations and plan accordingly.
Average Jesse Tax Bill
$281
Average Wyoming County Tax Bill
$190
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Jesse, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24849 | $41 | $186 | $281 | $589 | $695 |
Source: Ownwell