Hepzibah, West Virginia Property Taxes
The median property tax rate in Hepzibah, West Virginia is 0.70%, which is lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Hepzibah at $40,100, the typical annual property tax bill is $315, significantly below the national median of $2,690. Property taxes in Hepzibah are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hepzibah's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hepzibah or another part of Harrison County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hepzibah, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$281
Ownwell’s Hepzibah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hepzibah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hepzibah 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 Hepzibah, West Virginia
Property taxes in Hepzibah, 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 Hepzibah is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Hepzibah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hepzibah 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 Hepzibah's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26369 zip code has the highest median property tax rate of 0.70%, while the same zip code also has the lowest median tax rate of 0.70%. Understanding how these cities compare with Hepzibah provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hepzibah Tax Rate
0.70%
Average Harrison County Tax Rate
0.74%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hepzibah, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26369 | 0.39% | 0.70% | 0.70% | 1.40% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Hepzibah, West Virginia
In Hepzibah, 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 Harrison 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 Hepzibah, 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 instance, the median home price in Hepzibah is $40,100, with tax bills ranging from $122 at the 25th percentile to $773 at the 90th percentile. The highest median tax bill is $315 in zip code 26369. By understanding the distinction between 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hepzibah Assessed Value
$40,100
Average Harrison County Assessed Value
$76,800
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hepzibah, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26369 | $2,060 | $16,575 | $40,100 | $68,150 | $98,710 |
Source: Ownwell
Property Tax Bills Across Hepzibah, West Virginia
In Hepzibah, property tax bills are calculated based on the assessed value of a homeowner's property, which is determined by the Harrison County Assessor's Office. The assessed value is a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For homeowners in Hepzibah, understanding these factors is crucial as they directly impact the amount payable. The median home price in Hepzibah is $40,100, with property tax bills ranging significantly. At the 25th percentile, the tax bill is $122, while at the 75th percentile, it rises to $507. For those at the 90th percentile, the tax bill can be as high as $773. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in Hepzibah to be aware of how their local rates and property values affect their tax obligations.
Average Hepzibah Tax Bill
$315
Average Harrison County Tax Bill
$688
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Hepzibah, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26369 | $31 | $122 | $315 | $507 | $773 |
Source: Ownwell