Dawson, West Virginia Property Taxes
The median property tax rate in Dawson, WV is 0.57%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value in Dawson at $80,800, the typical annual property tax bill is $292, well below the national median of $2,690. Property taxes in Dawson are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Dawson'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 Dawson or another part of Greenbrier County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dawson, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$461
Ownwell's Dawson Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dawson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dawson to provide an accurate estimate of your property tax bill. This valuable resource helps you understand potential tax liabilities. For those interested in more granular insights, you can explore trends at a neighborhood level by scrolling down for localized information. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Dawson, West Virginia
Property taxes in Dawson, 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 Dawson is 0.57%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Dawson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dawson 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 Dawson's effective property tax rate to other areas in West Virginia and the national median. For comparison, the zip code 24910 has the highest median property tax rate of 0.57%, while the same zip code also has the lowest median tax rate of 0.57%. Understanding how these cities compare with Dawson provides valuable insights into the varying tax landscape across Greenbrier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dawson Tax Rate
0.57%
Average Greenbrier County Tax Rate
0.57%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dawson, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24910 | 0.38% | 0.45% | 0.57% | 0.57% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Dawson, West Virginia
In Dawson, 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 Greenbrier 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 Dawson, 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 Dawson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Dawson is $80,800, with the 25th percentile tax bill at $282 and the 75th percentile tax bill at $1,073. The highest and lowest median tax bill in the area is $292, found in the zip code 24910.
Average Dawson Assessed Value
$80,800
Average Greenbrier County Assessed Value
$70,500
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dawson, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24910 | $56,880 | $65,850 | $80,800 | $202,050 | $274,800 |
Source: Ownwell
Property Tax Bills Across Dawson, West Virginia
In Dawson, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. To compute the tax bill, this assessed value is multiplied by the local tax rate set by the county. Various factors influence the assessed value, including the property's location, size, and condition, as well as market trends in the area. In Greenbrier County, where Dawson is located, the median home price stands at $80,800. Homeowners in Dawson can expect their property tax bills to vary significantly. For instance, tax bills in the 25th percentile are around $282, while those in the 75th percentile can reach up to $1,073. At the 90th percentile, tax bills can soar to $1,542. These figures highlight the variability in property tax burdens, which can substantially impact homeowners' finances. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average Dawson Tax Bill
$292
Average Greenbrier County Tax Bill
$454
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Dawson, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24910 | $276 | $282 | $292 | $1,073 | $1,542 |
Source: Ownwell