Winifrede, West Virginia Property Taxes
The median property tax rate in Winifrede, WV is 0.76%, slightly higher than the state median of 0.72% but still below the national median of 0.99%. With a median home value of $49,800 in Winifrede, the typical annual property tax bill amounts to $335, significantly lower than the national median of $2,690. Property taxes in Winifrede are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Winifrede'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 Winifrede or another part of Kanawha County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Winifrede, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$378
Ownwell’s Winifrede Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winifrede with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winifrede 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 Winifrede, West Virginia
Property taxes in Winifrede, 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 Winifrede is 0.76%, which is lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Winifrede set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winifrede 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 Winifrede's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25214 zip code has both the highest and lowest median property tax rate of 0.76%. Understanding how these areas compare with Winifrede 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 Winifrede 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 Winifrede, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25214 | 0.33% | 0.44% | 0.76% | 0.76% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Winifrede, West Virginia
In Winifrede, 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 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 Winifrede, 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 Winifrede helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 25214, both at $335, compared to the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Winifrede, West Virginia
Source: Ownwell
$23,100
$104,350
$185,600
Average Winifrede Assessed Value
$49,800
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 Winifrede, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25214 | $7,600 | $30,700 | $49,800 | $72,200 | $94,280 |
Source: Ownwell
Property Tax Bills Across Winifrede, West Virginia
In Winifrede, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $49,800, homeowners can expect a tax bill around $335. This is relatively lower than the national median property tax rate of 0.99%. Various factors influence the tax bill, including property location, home size, and local government budgets. The tax bill can range significantly, with the 25th percentile at $192 and the 90th percentile reaching $718. This variation highlights how individual property characteristics and local assessments impact the final tax amount. For homeowners, understanding these factors is crucial as they directly affect annual financial obligations. In Winifrede, the property tax system ensures that residents contribute fairly to community services and infrastructure based on their property's assessed value.
Average Winifrede Tax Bill
$335
Average Kanawha County Tax Bill
$804
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Winifrede, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25214 | $81 | $192 | $335 | $512 | $718 |
Source: Ownwell