Spring Dale, West Virginia Property Taxes
The median property tax rate in Spring Dale, WV is 0.77%, 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 Spring Dale at $133,700, the typical annual property tax bill reaches $1,028, which is below the national median of $2,690. Property taxes in Spring Dale are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Spring Dale'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 Spring Dale 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
Spring Dale, 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 Spring Dale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Spring Dale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Spring Dale 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 Spring Dale, West Virginia
Property taxes in Spring Dale, West Virginia, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Spring Dale is 0.54%, significantly lower than both the West Virginia state median of 0.59% and the U.S. national median of 0.99%. Local government entities within Spring Dale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Spring Dale 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 Spring Dale's effective property tax rate to other counties in West Virginia and the national median. For comparison, the highest median property tax rate in the county is 0.54%, while the lowest median tax rate is also 0.54%. Understanding how these cities compare with Spring Dale 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 Spring Dale 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 Spring Dale, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25986 | 0.77% | 0.77% | 0.77% | 0.77% | 0.77% |
Source: Ownwell
Property Tax Assessment Values Across Spring Dale, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Spring Dale, West Virginia. 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's Office 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 Spring Dale, 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 Spring Dale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 25986 has both the highest and lowest median tax bill at $1,028, reflecting the uniformity in property tax assessments in the area.
Property Tax Assessment Values Across Spring Dale, West Virginia
Source: Ownwell
$14,400
$74,050
$133,700
Average Spring Dale Assessed Value
$133,700
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 Spring Dale, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25986 | $133,700 | $133,700 | $133,700 | $133,700 | $133,700 |
Source: Ownwell
Property Tax Bills Across Spring Dale, West Virginia
In Spring Dale, located in Fayette County, WV, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The median home price in Spring Dale is $133,700, and the property tax rate in the area is derived from this assessed value. Unlike some regions where tax rates vary widely, the tax bills in Spring Dale are quite consistent, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $1,028. This uniformity indicates a relatively stable tax environment for homeowners. The property tax bill is influenced by various factors, including the market value of the property, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Spring Dale's tax rate appears to be competitive, providing homeowners with a predictable and manageable tax obligation. This stability in property tax bills can be beneficial for homeowners, allowing for better financial planning and predictability in annual expenses.
Average Spring Dale Tax Bill
$1,028
Average Fayette County Tax Bill
$424
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Spring Dale, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25986 | $1,028 | $1,028 | $1,028 | $1,028 | $1,028 |
Source: Ownwell