Three Churches, West Virginia Property Taxes
The median property tax rate in THREE CHURCHES, WV is 0.52%, 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 THREE CHURCHES at $257,000, the typical annual property tax bill amounts to $1,345, which is well below the national median of $2,690. Property taxes in THREE CHURCHES are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding THREE CHURCHES' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of THREE CHURCHES or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Three Churches, 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 Three Churches Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Three Churches with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Three Churches 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 Hampshire County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Three Churches, West Virginia
Property taxes in Three Churches, West Virginia, are crucial for funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Three Churches is 0.52%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Three Churches set these rates annually, and they can vary across different neighborhoods. Each year, Three Churches 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 Three Churches' effective property tax rate to other areas in Hampshire County and the national median. For comparison, the zip code 26757 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 Three Churches 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 Three Churches 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 Three Churches, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26757 | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Three Churches, West Virginia
In THREE CHURCHES, 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 Hampshire County Appraisal District 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 THREE CHURCHES, 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. The median home price in Hampshire County is $257,000, with the highest and lowest median tax bills both being $1,345 in zip code 26757. 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 Three Churches, West Virginia
Source: Ownwell
$61,800
$203,650
$345,500
Average Three Churches Assessed Value
$257,000
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 Three Churches, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26757 | $257,000 | $257,000 | $257,000 | $257,000 | $257,000 |
Source: Ownwell
Property Tax Bills Across Three Churches, West Virginia
In Three Churches, Hampshire County, WV, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is often a percentage of the property's market value. Homeowners in Three Churches typically see a median tax bill of $1,345, which is consistent across various percentiles, indicating a uniform approach to property tax calculations in the area. This figure is notably higher than the national median property tax rate of 0.99%, reflecting the specific economic and administrative factors at play in Hampshire County. Several factors influence the final tax bill, including the property's assessed value, applicable exemptions, and the local tax rate. The tax rate is set by local government bodies and can vary based on budgetary needs and public services funding. For homeowners, understanding these factors is crucial as property taxes represent a significant annual expense. Keeping abreast of changes in assessed values and tax rates can help homeowners better manage their financial planning and obligations.
Average Three Churches Tax Bill
$1,345
Average Hampshire County Tax Bill
$567
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Three Churches, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26757 | $1,345 | $1,345 | $1,345 | $1,345 | $1,345 |
Source: Ownwell