Ranger, West Virginia Property Taxes
The median property tax rate in Ranger, WV is 0.75%, slightly higher than the state median of 0.72% but lower than the national median of 0.99%. With the median home value in Ranger at $40,900, the typical annual property tax bill is $236, significantly below the national median of $2,690. Property taxes in Ranger are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Ranger'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 Ranger 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
Ranger, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$307
Ownwell’s Ranger Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ranger with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ranger 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 Ranger, West Virginia
Property taxes in Ranger, West Virginia, play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Ranger is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Ranger set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ranger 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 Ranger's effective property tax rate to other areas in Lincoln County and the national median. For comparison, the zip code 25557 has the same median property tax rate of 0.75%. Understanding how these cities compare with Ranger provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ranger Tax Rate
0.75%
Average Lincoln County Tax Rate
0.75%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ranger, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25557 | 0.21% | 0.39% | 0.75% | 0.75% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Ranger, West Virginia
In Ranger, 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 Lincoln 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 Ranger, 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 Ranger 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 25557, with a median tax bill of $236.
Average Ranger Assessed Value
$40,900
Average Lincoln County Assessed Value
$50,800
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ranger, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25557 | $10,820 | $22,600 | $40,900 | $62,200 | $82,660 |
Source: Ownwell
Property Tax Bills Across Ranger, West Virginia
In Ranger, Lincoln County, WV, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Ranger is $40,900. Homeowners can expect to pay property taxes that fall within a range, with the 25th percentile tax bill at $112 and the 75th percentile tax bill at $389. For those at the higher end, the 90th percentile tax bill reaches $588. The property tax rate in Ranger is influenced by local government budgets and the services they provide, such as schools, public safety, and infrastructure. This tax rate is then applied to the assessed value of the property to determine the final tax bill. When compared to the national median property tax rate of 0.99%, homeowners in Ranger benefit from relatively lower tax bills. This lower tax burden can make homeownership more affordable, but it also reflects the funding levels for local services.
Average Ranger Tax Bill
$236
Average Lincoln County Tax Bill
$343
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Ranger, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25557 | $46 | $112 | $236 | $389 | $588 |
Source: Ownwell