Shepherdstown, West Virginia Property Taxes
The median property tax rate in Shepherdstown, WV is 0.76%, slightly higher than the state median of 0.72% but lower than the national median of 0.99%. With a median home value of $280,250, the typical annual property tax bill in Shepherdstown reaches $1,994, which is below the national median of $2,690. Property taxes in Shepherdstown are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Shepherdstown'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 Shepherdstown or another part of Berkeley County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shepherdstown, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$2,130
Ownwell’s Shepherdstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shepherdstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shepherdstown 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 Shepherdstown, West Virginia
Property taxes in Shepherdstown, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shepherdstown is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Shepherdstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shepherdstown 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 Shepherdstown's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 25443 has both the highest and lowest median property tax rate of 0.76%. Understanding how these cities compare with Shepherdstown provides valuable insights into the varying tax landscape across Berkeley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shepherdstown Tax Rate
0.76%
Average Berkeley County Tax Rate
0.76%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shepherdstown, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25443 | 0.64% | 0.68% | 0.76% | 0.76% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Shepherdstown, West Virginia
In Shepherdstown, 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 Berkeley County Assessor's Office 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 Shepherdstown, 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 Shepherdstown is $280,250, with tax bills ranging from $1,430 at the 25th percentile to $2,675 at the 75th percentile, and up to $3,874 at the 90th percentile. The zip code with the highest and lowest median tax bill is 25443, both at $1,994. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Shepherdstown, West Virginia
Source: Ownwell
$129,800
$206,700
$283,600
Average Shepherdstown Assessed Value
$280,250
Average Berkeley County Assessed Value
$188,500
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shepherdstown, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25443 | $109,050 | $198,225 | $280,250 | $351,450 | $498,100 |
Source: Ownwell
Property Tax Bills Across Shepherdstown, West Virginia
In Shepherdstown, located in Berkeley County, WV, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by the county assessor and is a percentage of the property's market value. Factors such as property size, location, and improvements can influence this assessed value. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Shepherdstown, property tax bills can vary significantly. The 25th percentile tax bill is around $1,430, while those in the 75th percentile pay approximately $2,675. At the higher end, the 90th percentile tax bill reaches $3,874. The median home price in Shepherdstown is $280,250, and the corresponding median property tax bill is $1,994. This figure is notably lower than the national median property tax rate of 0.99%, offering some relief to homeowners in this picturesque West Virginia town.
Average Shepherdstown Tax Bill
$1,994
Average Berkeley County Tax Bill
$1,510
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Shepherdstown, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25443 | $772 | $1,430 | $1,994 | $2,675 | $3,874 |
Source: Ownwell