Le Roy, Jackson County, West Virginia Property Taxes
The median property tax rate in Le Roy, West Virginia is 0.75%, slightly higher than the state median of 0.72% but lower than the national median of 0.99%. With the median home value in Le Roy at $70,500, the typical annual property tax bill is around $510, significantly below the national median of $2,690. Property taxes in Le Roy 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 Le Roy'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 Le Roy or another part of Jackson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Le Roy, Jackson County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$529
$491
Ownwell’s LE ROY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LE ROY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LE ROY 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 Le Roy, Jackson County, West Virginia
Property taxes in Le Roy, West Virginia, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Le Roy is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Le Roy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Le Roy 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 Le Roy's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 25252 has both the highest and lowest median property tax rate in the region, at 0.75%. Understanding how these areas compare with Le Roy provides valuable insights into the varying tax landscape across Jackson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Le Roy Tax Rate
0.75%
Average Jackson County Tax Rate
0.75%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Le Roy, Jackson County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25252 | 0.29% | 0.53% | 0.75% | 0.76% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Le Roy, Jackson County, West Virginia
In Le Roy, 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 Jackson 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 Le Roy, 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. 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 in Le Roy helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is in the 25252 zip code, amounting to $510.
Property Tax Assessment Values Across Le Roy, Jackson County, West Virginia
Source: Ownwell
$60,900
$82,975
$105,050
Average Le Roy Assessed Value
$70,500
Average Jackson County Assessed Value
$84,500
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Le Roy, Jackson County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25252 | $21,780 | $43,200 | $70,500 | $109,150 | $164,700 |
Source: Ownwell
Property Tax Bills Across Le Roy, Jackson County, West Virginia
In Le Roy, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the Jackson County Assessor's Office. The median home price in Le Roy stands at $70,500. The property tax rate influences the final tax bill, with the national median property tax rate being 0.99%. In Le Roy, however, the median tax bill is $510 annually, which is relatively moderate compared to national figures. Several factors contribute to the tax bill, including the property's assessed value and the local tax rate. For instance, homeowners in the 25th percentile pay around $232, whereas those in the 75th percentile pay approximately $791. The highest tax bills, reaching the 90th percentile, can be as much as $1,231. These variations indicate that higher-valued properties incur higher tax bills, directly affecting homeowners' annual expenses. Understanding these factors can help homeowners anticipate their property tax obligations and manage their finances more effectively.
Average Le Roy Tax Bill
$510
Average Jackson County Tax Bill
$636
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Le Roy, Jackson County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25252 | $97 | $232 | $510 | $791 | $1,231 |
Source: Ownwell