Culloden, Cabell County, West Virginia Property Taxes
The median property tax rate in Culloden, WV is 0.82%, slightly lower than the national median of 0.99% but higher than the West Virginia state median of 0.72%. With the median home value in Culloden at $93,450, the typical annual property tax bill comes to $804, which is significantly below the national median of $2,690. Property taxes in Culloden 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 Culloden'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 Culloden or another part of Cabell County, being informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Culloden, Cabell County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.82%
Estimate Property Tax Bill
$766
$711
Ownwell’s Culloden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Culloden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Culloden 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 Culloden, Cabell County, West Virginia
Property taxes in Culloden, West Virginia, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Culloden is 0.50%, significantly lower than both the West Virginia state median of 0.55% and the U.S. national median of 0.99%. Local government entities within Culloden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Culloden 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 Culloden's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25510 zip code has the highest median property tax rate of 0.50%, while the same zip code also has the lowest median tax rate of 0.50%. Understanding how these cities compare with Culloden provides valuable insights into the varying tax landscape across Cabell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Culloden Tax Rate
0.82%
Average Cabell County Tax Rate
0.82%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Culloden, Cabell County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25510 | 0.51% | 0.66% | 0.82% | 0.82% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Culloden, Cabell County, West Virginia
In Culloden, 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 Cabell 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. 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 Culloden 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 $804 in the 25510 zip code, while the lowest median tax bill is also $804 in the same zip code.
Property Tax Assessment Values Across Culloden, Cabell County, West Virginia
Source: Ownwell
$39,500
$76,675
$113,850
Average Culloden Assessed Value
$93,450
Average Cabell County Assessed Value
$80,550
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Culloden, Cabell County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25510 | $19,500 | $55,150 | $93,450 | $163,800 | $228,300 |
Source: Ownwell
Property Tax Bills Across Culloden, Cabell County, West Virginia
Property tax bills in Culloden, WV, are calculated based on the assessed value of a property, which is determined by the Cabell County Assessor's Office. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's size, location, and improvements. For homeowners in Culloden, the tax burden can vary significantly. For instance, the 25th percentile of tax bills is around $453, while those in the 75th percentile can expect to pay approximately $1,336. At the 90th percentile, tax bills can reach up to $1,937. Comparatively, Culloden's property tax rates are quite favorable when contrasted with the national median property tax rate of 0.99%. This relatively lower tax rate can provide substantial savings for homeowners, making Culloden an attractive place for property investment and homeownership.
Average Culloden Tax Bill
$804
Average Cabell County Tax Bill
$825
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Culloden, Cabell County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25510 | $207 | $453 | $804 | $1,336 | $1,937 |
Source: Ownwell