Gallagher, West Virginia Property Taxes
The median property tax rate in Gallagher, WV is 0.76%, which is lower than the national median of 0.99% but slightly higher than the West Virginia state median of 0.72%. With a median home value of $40,100 in Gallagher, the typical annual property tax bill is $272, well below the national median of $2,690. Property taxes in Gallagher are based on the assessed value, often reduced by exemptions such as those for primary residences and agricultural properties. Navigating Gallagher's property tax system, leveraging available exemptions, and seeking opportunities for reductions can result in substantial annual savings. Whether you're residing in Gallagher or investing in real estate here, a thorough understanding of the local property tax framework is invaluable.
Last Updated June 14, 2024
Gallagher, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$305
Ownwell’s Gallagher Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gallagher with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gallagher 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 Gallagher, West Virginia
Property taxes in Gallagher, 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 Gallagher is 0.51%, lower than both the West Virginia state median of 0.57% and the U.S. national median of 0.99%. Local government entities within Gallagher set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gallagher 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 Gallagher's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25202 zip code has the highest median property tax rate of 0.72%, while the 25075 zip code has the lowest median tax rate of 0.38%. Understanding how these cities compare with Gallagher provides valuable insights into the varying tax landscape across Kanawha County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gallagher Tax Rate
0.76%
Average Kanawha County Tax Rate
0.76%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gallagher, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25083 | 0.23% | 0.45% | 0.76% | 0.76% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Gallagher, West Virginia
In Gallagher, 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 local 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 Gallagher, 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 Gallagher helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill is $272 in the 25083 zip code, while the lowest median tax bill is also $272 in the same zip code.
Property Tax Assessment Values Across Gallagher, West Virginia
Source: Ownwell
$23,100
$104,350
$185,600
Average Gallagher Assessed Value
$40,100
Average Kanawha County Assessed Value
$88,100
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gallagher, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25083 | $8,940 | $21,200 | $40,100 | $53,700 | $77,440 |
Source: Ownwell
Property Tax Bills Across Gallagher, West Virginia
In Gallagher, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Gallagher is $40,100, and the assessed value is used to determine the tax bill. Factors such as the property's location, size, and any improvements can influence its assessed value. The tax bill varies across different percentiles. For instance, homeowners in the 25th percentile pay around $133, while those in the 75th percentile face a tax bill of approximately $431. At the 90th percentile, the tax bill can reach up to $708. Comparatively, the national median property tax rate is 0.99%, making Gallagher's property taxes relatively low. This affects homeowners by providing a more affordable living situation, especially when compared to higher-tax regions. In Kanawha County, where Gallagher is located, the highest and lowest median tax bills are both $272, indicating a level of consistency in property tax rates within the area.
Average Gallagher Tax Bill
$272
Average Kanawha County Tax Bill
$804
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Gallagher, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25083 | $65 | $133 | $272 | $431 | $708 |
Source: Ownwell