Kenna, West Virginia Property Taxes
The median property tax rate in Kenna, WV is 0.76%, slightly below the national median of 0.99% but higher than the West Virginia state median of 0.72%. With a median home value of $89,300 in Kenna, the typical annual property tax bill amounts to $628, significantly lower than the national median of $2,690. Property taxes in Kenna are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Kenna'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 Kenna or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kenna, West Virginia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Kenna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kenna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kenna 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 Kenna, West Virginia
Property taxes in Kenna, 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 Kenna is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Kenna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kenna 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 Kenna's effective property tax rate to other areas in Kanawha County and the national median. For comparison, the 25248 zip code has both the highest and lowest median property tax rate of 0.76%. Understanding how these areas compare with Kenna 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 Kenna 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 Kenna, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25248 | 0.48% | 0.76% | 0.76% | 0.76% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Kenna, West Virginia
In Kenna, 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 Kanawha 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 Kenna, 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 Kenna is $89,300, with tax bills varying significantly. For example, the 25th percentile tax bill stands at $478, while the 75th percentile reaches $1055, and the 90th percentile hits $1868. The zip code with the highest median tax bill is 25248 at $628, which is also the lowest in the area. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kenna Assessed Value
$89,300
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 Kenna, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25248 | $36,340 | $67,025 | $89,300 | $139,600 | $247,180 |
Source: Ownwell
Property Tax Bills Across Kenna, West Virginia
Property tax bills in Kenna, located in Kanawha County, WV, are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. In Kenna, homeowners can expect to pay a median property tax rate of 0.99%, aligning with the national median. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. For instance, with a median home price of $89,300, homeowners in Kenna might see tax bills ranging from $478 at the 25th percentile to $1,055 at the 75th percentile. At the high end, the 90th percentile tax bill reaches $1,868. These variations illustrate how different property values and characteristics impact the overall tax burden. Understanding these factors can help homeowners anticipate their tax obligations and plan accordingly.
Average Kenna Tax Bill
$628
Average Kanawha County Tax Bill
$804
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Kenna, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25248 | $320 | $478 | $628 | $1,055 | $1,868 |
Source: Ownwell