Ansted, West Virginia Property Taxes
The median property tax rate in Ansted, WV is 0.92%, slightly below the national median of 0.99% but higher than the West Virginia state median of 0.72%. With a median home value of $48,200 in Ansted, the typical annual property tax bill amounts to $405, which is significantly lower than the national median of $2,690. Property taxes in Ansted are calculated based on the tax assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Ansted'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 Ansted or another part of Fayette County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ansted, West Virginia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Ansted Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ansted with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ansted 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 Ansted, West Virginia
Property taxes in Ansted, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ansted is 0.92%, slightly below the U.S. national median of 0.99%. Local government entities within Ansted set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ansted 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 Ansted's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 25812 has both the highest and lowest median property tax rate of 0.92%. Understanding how these cities compare with Ansted provides valuable insights into the varying tax landscape across Fayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ansted Tax Rate
0.92%
Average Fayette County Tax Rate
0.77%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ansted, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25812 | 0.35% | 0.59% | 0.92% | 0.92% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Ansted, West Virginia
In Ansted, 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 Fayette 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 Ansted, 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 Ansted helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Ansted is $48,200, with tax bills ranging from $205 at the 25th percentile to $877 at the 90th percentile.
Average Ansted Assessed Value
$48,200
Average Fayette County Assessed Value
$52,200
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ansted, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25812 | $8,930 | $24,950 | $48,200 | $69,825 | $99,020 |
Source: Ownwell
Property Tax Bills Across Ansted, West Virginia
In Ansted, property tax bills are calculated based on the assessed value of a home, which is determined by the Fayette County Assessor's Office. The median home price in Ansted is $48,200, and homeowners typically see tax bills varying across different percentiles. At the 25th percentile, the tax bill is around $205, while at the 75th percentile, it rises to $634. For those in the 90th percentile, the tax bill can reach up to $877. These tax bills are influenced by several factors, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Ansted's rates might seem lower, but they still significantly impact homeowners. Higher assessed values or fewer exemptions can result in higher tax bills, affecting the overall affordability of homeownership. Understanding these factors can help homeowners better prepare for their annual property tax obligations.
Average Ansted Tax Bill
$405
Average Fayette County Tax Bill
$424
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Ansted, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25812 | $94 | $205 | $405 | $634 | $877 |
Source: Ownwell