Shepherdstown, West Virginia Property Taxes
The median property tax rate in Shepherdstown, WV is 0.70%, which is lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $354,900 in Shepherdstown, the typical annual property tax bill amounts to $2,646, slightly below the national median of $2,690. Property taxes in Shepherdstown are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Shepherdstown'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 Shepherdstown or another part of Jefferson County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shepherdstown, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$2,484
-$26,035
Ownwell’s Shepherdstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shepherdstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shepherdstown 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 Jefferson County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Shepherdstown, West Virginia
Property taxes in Shepherdstown, 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 Shepherdstown is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Shepherdstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shepherdstown 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 Shepherdstown's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25443 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 Shepherdstown provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shepherdstown Tax Rate
0.70%
Average Jefferson County Tax Rate
0.70%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shepherdstown, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25443 | 0.63% | 0.70% | 0.70% | 0.70% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Shepherdstown, West Virginia
In Shepherdstown, 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 Jefferson County Appraisal District 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 Shepherdstown, 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. Shepherdstown has a median home price of $354,900, with the 25th percentile tax bill at $1,831 and the 75th percentile tax bill at $3,392. The highest and lowest median tax bills in the area are both $2,646, found in the 25443 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Shepherdstown, West Virginia
Source: Ownwell
$121,900
$238,400
$354,900
Average Shepherdstown Assessed Value
$354,900
Average Jefferson County Assessed Value
$267,800
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shepherdstown, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25443 | $188,200 | $248,000 | $354,900 | $463,100 | $576,940 |
Source: Ownwell
Property Tax Bills Across Shepherdstown, West Virginia
In Shepherdstown, Jefferson County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. This value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Shepherdstown, the median home price is $354,900. Property tax bills can vary significantly, with the 25th percentile at $1,831 and the 75th percentile at $3,392. At the 90th percentile, tax bills can reach up to $4,290. These variations highlight the impact of property assessments and local tax rates on homeowners' finances. Compared to the national median property tax rate of 0.99%, Shepherdstown's property tax rates can be a significant expense for homeowners, emphasizing the importance of accurate property assessments and potential appeals to manage tax liabilities effectively.
Average Shepherdstown Tax Bill
$2,646
Average Jefferson County Tax Bill
$2,072
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Shepherdstown, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25443 | $1,352 | $1,831 | $2,646 | $3,392 | $4,290 |
Source: Ownwell