Tad, West Virginia Property Taxes
The median property tax rate in Tad, West Virginia 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 $68,450, the typical annual property tax bill in Tad reaches $486, significantly below the national median of $2,690. Property taxes in Tad are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Tad'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 Tad or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tad, 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 TAD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in TAD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in TAD 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 Tad, West Virginia
Property taxes in Tad, West Virginia, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Tad is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Tad set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tad 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 Tad's effective property tax rate to other areas in Kanawha County and the national median. For comparison, the zip code 25201 has both the highest and lowest median property tax rate in the region, standing at 0.76%. Understanding how these areas compare with Tad 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 Tad 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 Tad, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25201 | 0.48% | 0.71% | 0.76% | 0.76% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Tad, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in TAD, West Virginia. 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 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 TAD, 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. For instance, the highest median tax bill in TAD is $486 in zip code 25201, while the lowest is also $486 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tad Assessed Value
$68,450
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 Tad, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25201 | $23,030 | $58,600 | $68,450 | $91,625 | $118,400 |
Source: Ownwell
Property Tax Bills Across Tad, West Virginia
In TAD, 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 typically a percentage of the property's market value. Homeowners in TAD, Kanawha County, WV, can expect their tax bills to vary significantly depending on the value of their property. For instance, the tax bill at the 25th percentile is $352, while at the 75th percentile, it reaches $618, and at the 90th percentile, it goes up to $756. These figures indicate that property taxes in TAD can impact homeowners differently, with higher-valued properties incurring higher tax bills. Compared to the national median property tax rate of 0.99%, TAD's property tax rates are relatively moderate. The highest and lowest median tax bills in the area are both $486, suggesting a level of consistency in tax assessments within specific zip codes. Ultimately, understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Tad Tax Bill
$486
Average Kanawha County Tax Bill
$804
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Tad, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25201 | $292 | $352 | $486 | $618 | $756 |
Source: Ownwell