Danese, West Virginia Property Taxes
The median property tax rate in Danese, WV is 0.77%, slightly higher than the state median of 0.72% but lower than the national median of 0.99%. With the median home value in Danese at $53,150, the typical annual property tax bill amounts to $379, significantly below the national median of $2,690. Property taxes in Danese are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Danese'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 Danese or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Danese, 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 Danese Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Danese with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Danese 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 Danese, West Virginia
Property taxes in Danese, West Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Danese is 0.77%, which is lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Danese set these rates annually, and they can vary significantly across different neighborhoods. Each year, Danese 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 Danese's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 25831 has both the highest and lowest median property tax rate of 0.77%. Understanding how these cities compare with Danese 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 Danese Tax Rate
0.77%
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 Danese, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25831 | 0.34% | 0.53% | 0.77% | 0.77% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Danese, West Virginia
In Danese, 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 Danese, 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 Danese is $53,150, with property tax bills ranging from $175 at the 25th percentile to $961 at the 90th percentile. The zip code 25831 has both the highest and lowest median tax bill of $379. 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.
Average Danese Assessed Value
$53,150
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 Danese, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25831 | $8,450 | $25,000 | $53,150 | $87,000 | $122,690 |
Source: Ownwell
Property Tax Bills Across Danese, West Virginia
In Danese, located in Fayette County, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the area stands at $53,150. Property tax rates are applied to this assessed value to determine the annual tax bill. For instance, the tax bill at the 25th percentile is $175, while at the 75th percentile, it rises to $647. Homeowners at the 90th percentile see tax bills as high as $961. Several factors influence these tax bills, including property size, location, and any applicable exemptions. The highest median tax bill recorded in the area is $379, which is notably lower than the national median property tax rate of 0.99%. This relatively low tax burden can make homeownership more affordable in Danese, providing a financial advantage to residents compared to those in higher-tax regions.
Average Danese Tax Bill
$379
Average Fayette County Tax Bill
$424
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Danese, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25831 | $71 | $175 | $379 | $647 | $961 |
Source: Ownwell