Accoville, West Virginia Property Taxes
The median property tax rate in Accoville, WV is 0.75%, slightly higher than the West Virginia state median of 0.72% but lower than the national median of 0.99%. With the median home value in Accoville at $41,400, the typical annual property tax bill is $280, significantly below the national median of $2,690. Property taxes in Accoville 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 Accoville'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 Accoville 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
Accoville, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$311
Ownwell’s Accoville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Accoville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Accoville 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 Accoville, West Virginia
Property taxes in Accoville, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Accoville is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Accoville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Accoville 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 Accoville's effective property tax rate to other areas in Logan County and the national median. For comparison, the zip code 25606 has both the highest and lowest median property tax rate of 0.75%. Understanding how these areas compare with Accoville provides valuable insights into the varying tax landscape across Logan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Accoville Tax Rate
0.75%
Average Logan County Tax Rate
0.75%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Accoville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25606 | 0.18% | 0.44% | 0.75% | 0.75% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Accoville, West Virginia
In Accoville, 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 Logan 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 Accoville, 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 Accoville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 25606 has the highest median tax bill at $280, which is also the lowest median tax bill in the area.
Average Accoville Assessed Value
$41,400
Average Logan County Assessed Value
$40,900
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Accoville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25606 | $13,740 | $24,750 | $41,400 | $57,700 | $85,800 |
Source: Ownwell
Property Tax Bills Across Accoville, West Virginia
In Accoville, located in Logan County, WV, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $41,400, homeowners can expect their tax bill to vary significantly. The 25th percentile tax bill stands at $140, while the 75th percentile tax bill is $432, and the 90th percentile tax bill reaches up to $836. These figures indicate that the property tax burden can differ widely depending on the specific valuation and applicable tax rate. Compared to the national median property tax rate of 0.99%, homeowners in Accoville may find their property tax bills relatively moderate, given the local property values. The highest and lowest median tax bills in the area are both $280, suggesting a level of consistency within certain neighborhoods. Overall, these factors collectively impact homeowners by determining their annual financial obligations towards property taxes, influencing both their budget and the affordability of maintaining their homes.
Average Accoville Tax Bill
$280
Average Logan County Tax Bill
$306
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Accoville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25606 | $70 | $140 | $280 | $432 | $836 |
Source: Ownwell