Wardensville, Hardy County, West Virginia Property Taxes
The median property tax rate in Wardensville, WV is 0.46%, 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 Wardensville at $101,400, the typical annual property tax bill is $459, well below the national median of $2,690. Property taxes in Wardensville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. 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 Hardy County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wardensville, 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
$466
$433
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, Hardy County, West Virginia
Property taxes in Wardensville, West Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wardensville 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 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 counties in West Virginia and the national median. For comparison, the 26851 zip code has both the highest and lowest median property tax rate of 0.46%. Understanding how these cities compare with Wardensville provides valuable insights into the varying tax landscape across Hardy County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wardensville Tax Rate
0.46%
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 Wardensville, Hardy County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26851 | 0.32% | 0.46% | 0.46% | 0.46% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Wardensville, Hardy County, 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 Hardy County Assessor's Office 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. The median home price in Wardensville is $101,400, with the 25th percentile tax bill at $271 and the 75th percentile tax bill at $676. The highest and lowest median tax bills are both $459, found in zip code 26851. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Wardensville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Wardensville, Hardy County, West Virginia
Source: Ownwell
$81,800
$101,975
$122,150
Average Wardensville Assessed Value
$101,400
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 Wardensville, Hardy County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26851 | $36,680 | $62,200 | $101,400 | $140,000 | $204,340 |
Source: Ownwell
Property Tax Bills Across Wardensville, Hardy County, West Virginia
In Wardensville, Hardy County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $101,400, homeowners can expect varying tax bills depending on their specific circumstances. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value. In Hardy County, the tax bill for the 25th percentile is around $271, while the 75th percentile sees bills closer to $676, and the 90th percentile reaches up to $1030. Comparatively, the national median property tax rate is 0.99%, highlighting how local rates and assessed values can significantly impact homeowners' annual expenses. Understanding these factors helps homeowners anticipate their tax responsibilities and budget accordingly, ensuring they are prepared for any fluctuations in their property tax bills.
Average Wardensville Tax Bill
$459
Average Hardy County Tax Bill
$439
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Wardensville, Hardy County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26851 | $158 | $271 | $459 | $676 | $1,030 |
Source: Ownwell