Duck, Braxton County, West Virginia Property Taxes
The median property tax rate in Duck, WV is 0.46%, 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 Duck at $77,950, the typical annual property tax bill is $355, which is well below the national median of $2,690. Property taxes in Duck 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 Duck'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 Duck or another part of Braxton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Duck, Braxton County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$359
$333
Ownwell’s Duck Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Duck with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Duck 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 Duck, Braxton County, West Virginia
Property taxes in Duck, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Duck is 0.46%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Duck set these rates annually, and they can vary significantly across different neighborhoods. Each year, Duck 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 Duck's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 25063 has the same median property tax rate of 0.46%. Understanding how these cities compare with Duck provides valuable insights into the varying tax landscape across Braxton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Duck Tax Rate
0.46%
Average Braxton County Tax Rate
0.46%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Duck, Braxton County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25063 | 0.27% | 0.35% | 0.46% | 0.46% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Duck, Braxton County, West Virginia
In Duck, 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 Braxton County 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 Duck, 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 Duck helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Duck, both at $355, are found in the 25063 zip code.
Property Tax Assessment Values Across Duck, Braxton County, West Virginia
Source: Ownwell
$27,000
$65,700
$104,400
Average Duck Assessed Value
$77,950
Average Braxton County Assessed Value
$63,900
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Duck, Braxton County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25063 | $25,530 | $45,350 | $77,950 | $120,800 | $183,760 |
Source: Ownwell
Property Tax Bills Across Duck, Braxton County, West Virginia
In Duck, located in Braxton County, WV, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by a local assessor who evaluates the property's market value and applies an assessment ratio. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the tax bill, including property size, location, and market conditions. For example, the median home price in Duck is $77,950, and tax bills can vary significantly. Homeowners in the 25th percentile pay around $215 annually, while those in the 75th percentile face bills around $595. At the 90th percentile, the tax bill can reach up to $855. These property taxes fund essential community services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Duck’s property tax rates can be considered relatively moderate, providing homeowners with a balanced approach to property taxation.
Average Duck Tax Bill
$355
Average Braxton County Tax Bill
$333
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Duck, Braxton County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25063 | $105 | $215 | $355 | $595 | $855 |
Source: Ownwell