Kanawha Falls, West Virginia Property Taxes
The median property tax rate in Kanawha Falls, WV is 0.77%, which is lower than the national median of 0.99% but slightly higher than the West Virginia state median of 0.72%. With a median home value of $14,400 in Kanawha Falls, the typical annual property tax bill is $131, significantly below the national median of $2,690. Property taxes in Kanawha Falls 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 Kanawha Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Kanawha Falls or another part of Fayette County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kanawha Falls, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$111
Ownwell’s Kanawha Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kanawha Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kanawha Falls 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 Kanawha Falls, West Virginia
Property taxes in Kanawha Falls, 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 Kanawha Falls is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Kanawha Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kanawha Falls 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 Kanawha Falls' effective property tax rate to other areas in Fayette County and the national median. For comparison, the 25115 zip code has the highest median property tax rate of 0.77%, while the same zip code also has the lowest median tax rate of 0.77%. Understanding how these areas compare with Kanawha Falls 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 Kanawha Falls 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 Kanawha Falls, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25115 | 0.77% | 0.77% | 0.77% | 0.80% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Kanawha Falls, West Virginia
In Kanawha Falls, 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 Kanawha Falls, 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. In Kanawha Falls, the median home price is $14,400, and homeowners can expect tax bills ranging from $74 at the 25th percentile to $321 at the 90th percentile. The highest and lowest median tax bills are both in the 25115 zip code, amounting to $131. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Kanawha Falls, West Virginia
Source: Ownwell
$14,400
$74,050
$133,700
Average Kanawha Falls Assessed Value
$14,400
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 Kanawha Falls, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25115 | $1,520 | $9,200 | $14,400 | $22,800 | $38,180 |
Source: Ownwell
Property Tax Bills Across Kanawha Falls, West Virginia
In Kanawha Falls, located in Fayette County, WV, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in the area is $14,400. Homeowners' tax bills can vary significantly, with the 25th percentile tax bill at $74 and the 75th percentile reaching $218. The 90th percentile tax bill is $321, which is considerably higher but still below the national median property tax rate of 0.99%. The assessed value is determined by the county assessor and reflects a percentage of the market value. Factors such as property size, location, and improvements can influence this assessed value. For homeowners, understanding these factors is crucial as they directly impact the annual tax bill. The highest median tax bill in the area is $131, found in the 25115 zip code, which also holds the lowest median tax bill at the same amount. This consistency indicates a relatively stable property tax environment within that zip code.
Average Kanawha Falls Tax Bill
$131
Average Fayette County Tax Bill
$424
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Kanawha Falls, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25115 | $18 | $74 | $131 | $218 | $321 |
Source: Ownwell