Horner, West Virginia Property Taxes
The median property tax rate in Horner, WV is 0.53%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Horner at $108,350, the typical annual property tax bill is $601, which is well below the national median of $2,690. Property taxes in Horner are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Horner'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 Horner 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
Horner, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$574
Ownwell’s Horner Property Tax Bill Calculator empowers homeowners, real estate investors, and prospective buyers to estimate their annual property taxes in Horner with just two data points. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in Horner to provide an accurate property tax bill estimate. This valuable tool helps you comprehend potential tax obligations. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value, determined by the county, is crucial for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Horner, West Virginia
Property taxes in Horner, 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 Horner is 0.53%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Horner set these rates annually, and they can vary across different neighborhoods. Each year, Horner 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 Horner's effective property tax rate to other areas in West Virginia and the national median. For comparison, the zip code 26372 has both the highest and lowest median property tax rate of 0.53%. Understanding how these areas compare with Horner provides valuable insights into the varying tax landscape across Lewis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Horner Tax Rate
0.53%
Average Lewis County Tax Rate
0.53%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Horner, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26372 | 0.38% | 0.53% | 0.53% | 0.53% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Horner, West Virginia
In Horner, 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 Lewis 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 Horner, 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 median home price in Horner is $108,350, with tax bills ranging from $308 at the 25th percentile to $1,615 at the 90th percentile. The zip code 26372 has both the highest and lowest median tax bill at $601. Being aware of these valuation processes in Horner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Horner Assessed Value
$108,350
Average Lewis County Assessed Value
$72,200
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Horner, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26372 | $27,210 | $54,650 | $108,350 | $182,725 | $299,880 |
Source: Ownwell
Property Tax Bills Across Horner, West Virginia
In Horner, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions play a role in the assessed value. For example, in Lewis County, where Horner is located, the median home price is $108,350. Homeowners in Horner can expect their tax bills to vary significantly. At the 25th percentile, the tax bill is around $308, while at the 75th percentile, it rises to approximately $1,049. For those in the 90th percentile, the tax bill can be as high as $1,615. These figures show a range of tax burdens, reflecting differences in property values and assessments. Compared to the national median property tax rate of 0.99%, Horner's tax rates can be relatively moderate, making it an appealing location for homeowners looking for affordability in property taxes.
Average Horner Tax Bill
$601
Average Lewis County Tax Bill
$437
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Horner, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26372 | $140 | $308 | $601 | $1,049 | $1,615 |
Source: Ownwell