Wardensville, West Virginia Property Taxes
The median property tax rate in Wardensville, WV is 0.52%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $103,400 in Wardensville, the typical annual property tax bill is $566, well below the national median of $2,690. Property taxes in Wardensville are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Wardensville'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 Wardensville or another part of Hampshire County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wardensville, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$538
Ownwell’s WARDENSVILLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WARDENSVILLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WARDENSVILLE 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 Wardensville, West Virginia
Property taxes in Wardensville, West Virginia, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Wardensville is 0.52%, which is lower than the U.S. national median of 0.99%. Local government entities within Wardensville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wardensville 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 Wardensville's effective property tax rate to other areas in West Virginia and the national median. For comparison, the zip code 26851 has both the highest and lowest median property tax rate of 0.52%, indicating a uniform tax rate within the region. Understanding how these areas compare with Wardensville 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 Wardensville 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 Wardensville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26851 | 0.50% | 0.52% | 0.52% | 0.52% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Wardensville, West Virginia
In Wardensville, 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 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 Wardensville, 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. For example, the median home price in the area is $103,400, with tax bills ranging from $462 at the 25th percentile to $1,216 at the 90th percentile. The highest and lowest median tax bill, both at $566, are found in the 26851 zip code. 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.
Property Tax Assessment Values Across Wardensville, West Virginia
Source: Ownwell
$61,800
$203,650
$345,500
Average Wardensville Assessed Value
$103,400
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 Wardensville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26851 | $55,940 | $88,300 | $103,400 | $124,800 | $189,800 |
Source: Ownwell
Property Tax Bills Across Wardensville, West Virginia
In Wardensville, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Wardensville stands at $103,400, which serves as a starting point for determining the tax bill. The assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as property location, improvements, and market conditions can affect the assessed value, leading to variations in tax amounts. For example, homeowners in the 25th percentile of tax bills pay around $462 annually, while those in the 75th percentile face a tax bill of approximately $805. At the higher end, the 90th percentile sees tax bills reaching up to $1,216. Comparatively, the highest median tax bill in the region is $566 in the zip code 26851, which is still below the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership in Wardensville more affordable and appealing to potential buyers.
Average Wardensville Tax Bill
$566
Average Hampshire County Tax Bill
$567
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Wardensville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26851 | $304 | $462 | $566 | $805 | $1,216 |
Source: Ownwell