Augusta, West Virginia Property Taxes
The median property tax rate in Augusta, WV is 0.52%, considerably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Augusta, the typical annual property tax bill reaches $537, significantly below the national median of $2,690. Property taxes in Augusta are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Augusta'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 Augusta 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
Augusta, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$523
Ownwell’s Augusta Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers an easy way to estimate their annual property taxes in Augusta. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Augusta to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities, allowing for better financial planning. For those interested in more detailed insights, you can explore trends on a neighborhood level by scrolling down for localized information. Your property’s assessed value, determined by the county, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Augusta, West Virginia
Property taxes in Augusta, West Virginia, are essential in funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Augusta is 0.52%, which is lower than the U.S. national median of 0.99%. Local government entities within Augusta set these rates annually, and they can vary significantly across different neighborhoods. Each year, Augusta 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 Augusta's effective property tax rate to other areas in Hampshire County and the national median. For comparison, the 26704 ZIP code has the highest median property tax rate of 0.52%, while the same ZIP code also has the lowest median tax rate of 0.52%. Understanding how these areas compare with Augusta provides valuable insights into the varying tax landscape across Hampshire County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Augusta Tax Rate
0.52%
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 Augusta, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26704 | 0.37% | 0.52% | 0.52% | 0.52% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Augusta, West Virginia
In Augusta, West Virginia, understanding the difference between "market value" and "assessed value" is essential 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 Hampshire 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 Augusta, 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 Augusta is $100,500, with the 25th percentile tax bill at $297 and the 75th percentile at $838. The highest median tax bill is $537 in the 26704 zip code, which is also the lowest median tax bill. 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 Augusta Assessed Value
$100,500
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 Augusta, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26704 | $21,670 | $52,000 | $100,500 | $158,375 | $212,100 |
Source: Ownwell
Property Tax Bills Across Augusta, West Virginia
In Augusta, Hampshire County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in Augusta is approximately $100,500. Property taxes are then applied to this assessed value at a rate set by the county, which can vary. For instance, the tax bill at the 25th percentile is around $297, while at the 75th percentile, it rises to $838, and at the 90th percentile, it reaches $1,145. Homeowners in Augusta can expect their property tax bills to be influenced by factors such as the assessed value of their property, any applicable exemptions, and the specific tax rate in their area. Compared to the national median property tax rate of 0.99%, Augusta's rates can be considered relatively moderate. This system ensures that property taxes are proportionate to the value of the property, which can significantly impact homeowners' annual expenses.
Average Augusta Tax Bill
$537
Average Hampshire County Tax Bill
$567
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Augusta, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26704 | $145 | $297 | $537 | $838 | $1,145 |
Source: Ownwell