Hancock County, West Virginia Property Taxes
The median property tax rate in Hancock County is 0.79%, which is lower than the national median of 0.99% but higher than the West Virginia state median of 0.72%. With a median home value of $75,000, the typical annual property tax bill in Hancock County is approximately $608, significantly below the national median of $2,690. Property taxes in Hancock County are based on the tax assessed value, which is often lower than the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Hancock County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you live in Weirton or another part of Hancock County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hancock County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.79%
Estimate Property Tax Bill
$593
$550
Ownwell’s Hancock County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Hancock County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Hancock 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 Hancock County, West Virginia
Property taxes in Hancock County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hancock County is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Hancock County set these rates annually, and they can vary significantly between different areas within the county. Each year, Hancock 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 Hancock County's effective property tax rate with other areas and the national median. For comparison, the city of Weirton has one of the higher property tax rates in the region at 0.91%, while the city of New Cumberland boasts one of the lowest at 0.76%. Analyzing how Hancock County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Hancock County Tax Rate
0.79%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hancock County, West Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chester | 0.46% | 0.66% | 0.77% | 0.92% | 1.83% |
| New Cumberland | 0.45% | 0.57% | 0.76% | 0.77% | 1.53% |
| New Cumberlnd | N/A | N/A | N/A | N/A | N/A |
| Newell | 0.32% | 0.76% | 0.76% | 1.53% | 1.53% |
| New Manchester | 0.39% | 0.76% | 0.76% | 1.53% | 1.53% |
| Weirton | 0.51% | 0.66% | 0.91% | 0.91% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Hancock County, West Virginia
In Hancock 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 Hancock 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 Hancock 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. In Hancock County, Weirton has the highest median tax bill at $681, while Newell has the lowest at $274. Being aware of these valuation processes in Hancock County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Hancock County, West Virginia
Source: Ownwell
$31,200
$56,050
$80,900
Average Hancock County Assessed Value
$75,000
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hancock County, West Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chester | $12,500 | $32,900 | $62,100 | $93,625 | $136,300 |
| New Cumberland | $7,730 | $31,825 | $77,700 | $111,200 | $153,070 |
| New Cumberlnd | N/A | N/A | N/A | N/A | N/A |
| Newell | $6,500 | $17,000 | $31,200 | $51,825 | $70,500 |
| New Manchester | $17,160 | $38,500 | $65,800 | $73,325 | $81,780 |
| Weirton | $22,700 | $54,500 | $80,900 | $105,075 | $149,400 |
Source: Ownwell
Property Tax Bills Across Hancock County, West Virginia
In Hancock County, WV, property tax bills are determined by assessing the market value of a home and applying the county's tax rate to that value. The median home price in the county is $75,000, and the tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. Homeowners in Hancock County can expect a range of property tax bills. For instance, the 25th percentile tax bill is $342, while the 75th percentile tax bill is $898, and the 90th percentile tax bill can reach up to $1,331. Comparatively, the national median property tax rate is 0.99%, which means property taxes in Hancock County can be relatively lower or higher depending on the specific value and location of the property. The highest median tax bill in the county is found in Weirton at $681, whereas Newell has the lowest at $274. This variation significantly impacts homeowners' financial planning and budgeting.
Average Hancock County Tax Bill
$608
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Hancock County, West Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chester | $114 | $280 | $539 | $825 | $1,225 |
| New Cumberland | $98 | $281 | $557 | $830 | $1,214 |
| New Cumberlnd | N/A | N/A | N/A | N/A | N/A |
| Newell | $61 | $141 | $274 | $450 | $605 |
| New Manchester | $201 | $270 | $327 | $628 | $913 |
| Weirton | $225 | $438 | $681 | $979 | $1,453 |
Source: Ownwell