Chester, Hancock County, West Virginia Property Taxes

Name: Property Tax Bills Across Chester, Hancock County, West Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Chester, WV effective property tax rate: 0.77%, significantly lower than the national median of 1.02%, but higher than the West Virginia state median of 0.72%.
Median Chester, WV home value: $62,100
Median annual Chester, WV tax bill: $539, $1,861 lower than the national median property tax bill of $2,400.

How are property taxes in Hancock calculated?

Property taxes in Chester, WV are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Chester’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Chester, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Chester, Hancock County, West Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.77%

Estimate Property Tax Bill

$478

$444

Ownwell’s Chester Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Chester with just two data points. By entering your property's estimated assessed value, our calculator applies Chester’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hancock County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Chester, Hancock County, West Virginia

Local government entities in West Virginia set tax rates, which can vary widely within the state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell. Chester in Hancock County, West Virginia, has an effective property tax rate of 0.77%, which is below the national median property tax rate of 1.02%. This lower rate can be appealing to property owners looking for more affordable tax liabilities. Compared to other cities in West Virginia, Chester's property tax rate is consistent, as it shares the same rate with the highest and lowest median tax rates in the state, both at 0.77%. This provides a stable tax environment for residents. Understanding these differences can help property owners make informed decisions about where to live or invest, especially when considering the national median property tax bill of $2,400.

Property Tax Rates Across Chester, Hancock County, West Virginia

Source: Ownwell

0.76%

0.84%

0.91%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Chester Tax Rate

0.77%

Median Effective Hancock County Tax Rate

0.79%

Median Effective West Virginia Tax Rate

0.72%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Chester, Hancock County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
26034	0.46%	0.66%	0.77%	0.92%	1.83%

Source: Ownwell

Property Tax Assessment Values Across Chester, Hancock County, West Virginia

When examining property taxes in Chester, WV, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Hancock County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Hancock County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Chester. For example, the median home price in Chester is $62,100, with tax bills ranging significantly across the county. Zip code 26034 has the highest median home price at $62,100.

Property Tax Assessment Values Across Chester, Hancock County, West Virginia

Source: Ownwell

$31,200

$56,050

$80,900

Median Chester Market Value

$62,100

Median Hancock County Market Value

$75,000

Median West Virginia Market Value

$80,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Chester, Hancock County, West Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
26034	$12,500	$32,900	$62,100	$93,625	$136,300

Source: Ownwell

Property Tax Bills Across Chester, Hancock County, West Virginia

In Chester, located in Hancock County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This value is a percentage of the home's market value. The tax rate, set by local government authorities, is then applied to the assessed value to determine the annual tax bill. Various factors, such as property location and improvements, can influence the assessed value. Homeowners in Chester experience property tax bills with a median value of $539, significantly lower than the national median of $2,400. However, tax bills can vary widely, with the 25th percentile at $280 and the 90th percentile reaching $1,225.

Ownwell assists homeowners in Chester by offering property tax appeal services. By analyzing property assessments and identifying discrepancies, Ownwell helps ensure that homeowners are not overpaying on their property taxes. This assistance can lead to considerable savings, providing peace of mind and financial relief for property owners in Chester.

Property Tax Bills Across Chester, Hancock County, West Virginia

Source: Ownwell

$274

$478

$681

Median Chester Tax Bill

$539

Median Hancock County Tax Bill

$608

Median West Virginia Tax Bill

$607

Median United States Tax Bill

$2,400

Property Tax Bills Across Chester, Hancock County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
26034	$114	$280	$539	$825	$1,225

Source: Ownwell