Hardy County, West Virginia Property Taxes
The median property tax rate in Hardy County is 0.46%, which is 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 Hardy County at $93,500, the typical annual property tax bill is around $439, considerably below the national median of $2,690. Property taxes in Hardy County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Hardy County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Moorefield or another part of Hardy County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hardy County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$430
$399
Ownwell’s Hardy County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Hardy County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Hardy 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 Hardy County, West Virginia
Property taxes in Hardy County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Hardy County is 0.46%, which is lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Hardy County set these rates annually, and they can vary significantly between different areas within the county. Each year, Hardy 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 Hardy County's effective property tax rate with other counties in West Virginia and the national median. For comparison, the city of RIG has a similar property tax rate at 0.46%, while the city of Petersburg also matches this rate at 0.46%. Analyzing how Hardy County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Hardy County Tax Rate
0.46%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hardy County, West Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Baker | 0.29% | 0.43% | 0.46% | 0.46% | 0.46% |
| Fisher | 0.29% | 0.46% | 0.46% | 0.46% | 0.46% |
| Lost City | 0.42% | 0.46% | 0.46% | 0.46% | 0.93% |
| Lost River | 0.43% | 0.46% | 0.46% | 0.46% | 0.93% |
| Mathias | 0.29% | 0.46% | 0.46% | 0.46% | 0.46% |
| Milam | 0.39% | 0.46% | 0.46% | 0.46% | 0.46% |
| Moorefield | 0.31% | 0.46% | 0.46% | 0.69% | 0.93% |
| Old Fields | 0.32% | 0.41% | 0.46% | 0.46% | 0.46% |
| Petersburg | 0.22% | 0.27% | 0.46% | 0.46% | 0.46% |
| Purgitsville | 0.29% | 0.36% | 0.46% | 0.46% | 0.46% |
| Rig | N/A | N/A | N/A | N/A | N/A |
| Rio | 0.33% | 0.42% | 0.46% | 0.46% | 0.46% |
| Wardensville | 0.32% | 0.46% | 0.46% | 0.46% | 0.61% |
| Yellow Spring | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Hardy County, West Virginia
In Hardy 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 Hardy 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 Hardy 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 Hardy County, the median home price is $93,500. The median tax bill varies significantly, with Yellow Spring having the highest median tax bill at $1,782, while Rig has the lowest at $288. Being aware of these valuation processes in Hardy 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 Hardy County, West Virginia
Source: Ownwell
$81,800
$101,975
$122,150
Average Hardy County Assessed Value
$93,500
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hardy County, West Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Baker | $39,610 | $61,825 | $96,400 | $166,350 | $298,080 |
| Fisher | $32,900 | $63,650 | $98,000 | $148,750 | $223,200 |
| Lost City | $52,600 | $73,600 | $119,700 | $183,700 | $319,400 |
| Lost River | $58,820 | $75,050 | $99,000 | $162,850 | $267,520 |
| Mathias | $36,260 | $55,000 | $86,800 | $135,500 | $222,560 |
| Milam | $38,900 | $56,050 | $81,800 | $144,050 | $194,660 |
| Moorefield | $22,030 | $48,300 | $85,200 | $133,900 | $210,680 |
| Old Fields | $43,120 | $69,400 | $114,900 | $154,950 | $220,220 |
| Petersburg | $56,400 | $63,100 | $82,450 | $175,150 | $232,260 |
| Purgitsville | $39,600 | $67,300 | $107,200 | $145,300 | $176,400 |
| Rig | N/A | N/A | N/A | N/A | N/A |
| Rio | $46,280 | $74,150 | $122,150 | $203,250 | $336,770 |
| Wardensville | $36,680 | $62,200 | $101,400 | $140,000 | $204,340 |
| Yellow Spring | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Hardy County, West Virginia
In Hardy County, WV, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of its market value. The county's tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. For instance, homes in Yellow Spring have the highest median tax bill at $1,782, while those in Rig have the lowest at $288. The tax bill can vary significantly, with the 25th percentile paying around $251 and the 75th percentile paying approximately $705. At the 90th percentile, homeowners might see bills as high as $1,181. These variations reflect the diverse property values and local tax rates within the county. Compared to the national median property tax rate of 0.99%, Hardy County's tax rates can be relatively moderate or high, impacting homeowners' annual financial planning and overall cost of living.
Average Hardy County Tax Bill
$439
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Hardy County, West Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Baker | $150 | $252 | $429 | $762 | $1,398 |
| Fisher | $152 | $266 | $446 | $687 | $1,033 |
| Lost City | $238 | $337 | $563 | $953 | $1,812 |
| Lost River | $240 | $292 | $478 | $1,093 | $1,547 |
| Mathias | $142 | $226 | $378 | $616 | $1,057 |
| Milam | $159 | $243 | $347 | $595 | $931 |
| Moorefield | $129 | $236 | $442 | $728 | $1,220 |
| Old Fields | $184 | $284 | $485 | $679 | $965 |
| Petersburg | $128 | $190 | $330 | $812 | $966 |
| Purgitsville | $159 | $272 | $461 | $637 | $820 |
| Rig | N/A | N/A | N/A | N/A | N/A |
| Rio | $214 | $304 | $523 | $928 | $1,552 |
| Wardensville | $158 | $271 | $459 | $676 | $1,030 |
| Yellow Spring | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell