Saulsville, West Virginia Property Taxes
The median property tax rate in Saulsville, WV is 0.68%, which is lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $46,700 in Saulsville, the typical annual property tax bill is $341, significantly below the national median of $2,690. Property taxes in Saulsville are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Saulsville'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 Saulsville or another part of Wyoming County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saulsville, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$318
Ownwell’s Saulsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saulsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saulsville 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 Saulsville, West Virginia
Property taxes in Saulsville, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saulsville is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Saulsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saulsville 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 Saulsville's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 25876 has both the highest and lowest median property tax rate of 0.68%. Understanding how these areas compare with Saulsville 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 Saulsville Tax Rate
0.68%
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 Saulsville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25876 | 0.22% | 0.51% | 0.68% | 0.68% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Saulsville, West Virginia
In Saulsville, 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 Wyoming 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 Saulsville, 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. Being aware of these valuation processes in Saulsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $341.00 in the zip code 25876, while the lowest median tax bill is also $341.00 in the same zip code.
Average Saulsville Assessed Value
$46,700
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 Saulsville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25876 | $14,860 | $28,450 | $46,700 | $85,350 | $123,560 |
Source: Ownwell
Property Tax Bills Across Saulsville, West Virginia
In Saulsville, Wyoming County, WV, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which in Saulsville, has a median home price of $46,700. This assessed value is then subjected to the local property tax rate to calculate the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in Saulsville can expect their tax bills to vary significantly. For example, the 25th percentile tax bill is around $159, while the 75th percentile reaches up to $593. The 90th percentile tax bill can be as high as $1,048. These property taxes significantly impact homeowners, affecting their annual budgets and the overall affordability of owning property in the area. Compared to the national median property tax rate of 0.99%, Saulsville's tax rates are relatively moderate, making it a potentially attractive location for property investment.
Average Saulsville Tax Bill
$341
Average Wyoming County Tax Bill
$190
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Saulsville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25876 | $75 | $159 | $341 | $593 | $1,048 |
Source: Ownwell