Hampshire County, West Virginia Property Taxes
The median property tax rate in Hampshire County is 0.52%, which is significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Hampshire County at $102,800, the typical annual property tax bill amounts to $567, well below the national median of $2,690. Property taxes in Hampshire County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding Hampshire County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in Romney or another part of Hampshire County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hampshire County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$535
$496
Ownwell’s Hampshire County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Hampshire County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Hampshire County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Hampshire County, West Virginia
Property taxes in Hampshire County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hampshire County is 0.52%, which is lower than the U.S. national median of 0.99%. Local government entities within Hampshire County set these rates annually, and they can vary significantly between different areas within the county. Each year, Hampshire County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Hampshire County's effective property tax rate with other counties and the national median. For comparison, the city of Three Churches has one of the higher property tax rates in the region at 0.52%, while the city of Bloomery boasts one of the lowest at 0.52%. Analyzing how Hampshire County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Hampshire County Tax Rate
0.52%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hampshire County, West Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Augusta | 0.37% | 0.52% | 0.52% | 0.52% | 1.05% |
| Bloomery | 0.40% | 0.47% | 0.52% | 0.52% | 1.05% |
| Burlington | 0.35% | 0.47% | 0.52% | 0.52% | 1.05% |
| Capon Bridge | 0.42% | 0.52% | 0.52% | 0.52% | 1.05% |
| Capon Springs | N/A | N/A | N/A | N/A | N/A |
| Delray | 0.37% | 0.52% | 0.52% | 0.52% | 1.05% |
| Great Cacapon | 0.52% | 0.52% | 0.52% | 0.52% | 1.05% |
| Green Spring | 0.38% | 0.52% | 0.52% | 1.05% | 1.05% |
| High View | 0.38% | 0.52% | 0.52% | 0.52% | 1.05% |
| Levels | 0.41% | 0.52% | 0.52% | 0.52% | 1.05% |
| Moorefield | N/A | N/A | N/A | N/A | N/A |
| Old Fields | 0.33% | 0.44% | 0.52% | 0.52% | 0.78% |
| Paw Paw | 0.38% | 0.52% | 0.52% | 0.52% | 1.05% |
| Points | 0.38% | 0.52% | 0.52% | 0.52% | 1.05% |
| Purgitsville | 0.33% | 0.52% | 0.52% | 0.52% | 1.05% |
| Rio | 0.32% | 0.42% | 0.52% | 0.52% | 1.05% |
| Romney | 0.37% | 0.50% | 0.52% | 0.67% | 1.05% |
| Shanks | 0.33% | 0.46% | 0.52% | 0.52% | 1.05% |
| Slanesville | 0.39% | 0.52% | 0.52% | 0.52% | 1.05% |
| Springfield | 0.38% | 0.52% | 0.52% | 1.05% | 1.05% |
| Three Churches | N/A | N/A | N/A | N/A | N/A |
| Wardensville | 0.50% | 0.52% | 0.52% | 0.52% | 1.05% |
| Yellow Spring | 0.42% | 0.52% | 0.52% | 0.52% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Hampshire County, West Virginia
In Hampshire County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Hampshire County Appraisal District. The assessed value, however, 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. Assessment notices in Hampshire County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Hampshire County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, the city of Three Churches has the highest median tax bill at $1,345, while Delray has the lowest at $344.
Property Tax Assessment Values Across Hampshire County, West Virginia
Source: Ownwell
$61,800
$107,350
$152,900
Average Hampshire County Assessed Value
$102,800
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hampshire County, West Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Augusta | $21,670 | $52,000 | $100,500 | $158,375 | $212,100 |
| Bloomery | $46,170 | $105,325 | $146,650 | $184,700 | $252,770 |
| Burlington | $29,400 | $40,625 | $78,250 | $119,325 | $181,850 |
| Capon Bridge | $52,780 | $95,200 | $152,900 | $204,100 | $272,540 |
| Capon Springs | N/A | N/A | N/A | N/A | N/A |
| Delray | $18,440 | $32,350 | $61,800 | $103,500 | $148,560 |
| Great Cacapon | $24,500 | $58,250 | $75,800 | $120,200 | $181,500 |
| Green Spring | $20,980 | $39,600 | $78,500 | $132,250 | $195,320 |
| High View | $48,750 | $80,800 | $124,350 | $180,800 | $241,090 |
| Levels | $15,050 | $35,050 | $79,600 | $131,150 | $200,520 |
| Moorefield | N/A | N/A | N/A | N/A | N/A |
| Old Fields | $11,610 | $60,575 | $97,250 | $151,150 | $230,820 |
| Paw Paw | $36,830 | $64,525 | $112,550 | $176,450 | $239,360 |
| Points | $37,430 | $60,400 | $114,050 | $171,050 | $235,520 |
| Purgitsville | $35,200 | $63,700 | $98,000 | $137,000 | $199,980 |
| Rio | $26,400 | $60,450 | $93,400 | $135,900 | $179,880 |
| Romney | $34,200 | $66,600 | $102,300 | $143,300 | $200,400 |
| Shanks | $34,310 | $61,300 | $97,850 | $141,100 | $181,880 |
| Slanesville | $41,480 | $72,200 | $117,000 | $167,000 | $249,460 |
| Springfield | $9,420 | $34,600 | $80,200 | $129,900 | $194,640 |
| Three Churches | N/A | N/A | N/A | N/A | N/A |
| Wardensville | $55,940 | $88,300 | $103,400 | $124,800 | $189,800 |
| Yellow Spring | $53,860 | $96,800 | $152,900 | $221,700 | $304,260 |
Source: Ownwell
Property Tax Bills Across Hampshire County, West Virginia
In Hampshire County, WV, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The county's median home price is $102,800. To determine the tax bill, local tax rates are applied to this assessed value. Homeowners in Hampshire County can expect significant variations in their tax bills, influenced by factors such as property location and assessed value. For instance, the 25th percentile tax bill in the county is $336, while the 75th percentile reaches $879, and the 90th percentile can go as high as $1246. Notably, the highest median tax bill is in Three Churches at $1345, whereas Delray has the lowest at $344. These figures indicate that property taxes can vary widely within the county, affecting homeowners differently depending on their specific circumstances. Compared to the national median property tax rate of 0.99%, Hampshire County's rates reflect a diverse range of financial impacts on its residents.
Average Hampshire County Tax Bill
$567
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Hampshire County, West Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Augusta | $145 | $297 | $537 | $838 | $1,145 |
| Bloomery | $319 | $545 | $762 | $1,088 | $1,360 |
| Burlington | $162 | $268 | $409 | $681 | $962 |
| Capon Bridge | $347 | $523 | $836 | $1,139 | $1,615 |
| Capon Springs | N/A | N/A | N/A | N/A | N/A |
| Delray | $125 | $193 | $344 | $562 | $833 |
| Great Cacapon | $200 | $336 | $420 | $678 | $935 |
| Green Spring | $147 | $254 | $424 | $721 | $1,070 |
| High View | $274 | $450 | $669 | $969 | $1,389 |
| Levels | $140 | $218 | $419 | $771 | $1,090 |
| Moorefield | N/A | N/A | N/A | N/A | N/A |
| Old Fields | $229 | $321 | $507 | $720 | $1,050 |
| Paw Paw | $226 | $369 | $594 | $918 | $1,278 |
| Points | $225 | $366 | $625 | $948 | $1,318 |
| Purgitsville | $200 | $320 | $511 | $726 | $1,087 |
| Rio | $152 | $294 | $484 | $718 | $1,007 |
| Romney | $212 | $371 | $580 | $850 | $1,213 |
| Shanks | $174 | $305 | $501 | $741 | $981 |
| Slanesville | $239 | $371 | $604 | $888 | $1,317 |
| Springfield | $101 | $236 | $439 | $740 | $1,050 |
| Three Churches | N/A | N/A | N/A | N/A | N/A |
| Wardensville | $304 | $462 | $566 | $805 | $1,216 |
| Yellow Spring | $323 | $554 | $851 | $1,219 | $1,770 |
Source: Ownwell