Clothier, West Virginia Property Taxes
The median property tax rate in Clothier, WV is 0.75%, slightly higher than the West Virginia state median of 0.72% but below the national median of 0.99%. With a median home value of $27,100 in Clothier, the typical annual property tax bill amounts to $210, significantly lower than the national median of $2,690. Property taxes in Clothier are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Clothier'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 Clothier or another part of Logan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clothier, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$203
Ownwell’s Clothier Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clothier with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clothier 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 Clothier, West Virginia
Property taxes in Clothier, 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 Clothier is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Clothier set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clothier 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 Clothier's effective property tax rate to other areas in Logan County and the national median. For comparison, the 25047 zip code has both the highest and lowest median property tax rate of 0.75%. Understanding how these areas compare with Clothier 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 Clothier 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 Clothier, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25047 | 0.31% | 0.75% | 0.75% | 0.75% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Clothier, West Virginia
In Clothier, 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 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 Clothier, 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 Clothier helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Clothier is $210 in the 25047 zip code, while the lowest median tax bill is also $210 in the same zip code.
Average Clothier Assessed Value
$27,100
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 Clothier, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25047 | $6,720 | $18,300 | $27,100 | $45,200 | $71,800 |
Source: Ownwell
Property Tax Bills Across Clothier, West Virginia
In Clothier, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Clothier is $27,100. The local property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Clothier, the tax bill can range significantly. At the 25th percentile, the tax bill is around $138, while at the 75th percentile, it rises to $344. For those at the 90th percentile, it can reach up to $487. Comparatively, the national median property tax rate is 0.99%, making Clothier’s rates relatively affordable. This variability in tax bills means that homeowners need to be aware of how changes in property value and local tax rates can impact their financial obligations. Understanding these factors helps homeowners plan better for their annual property tax expenses.
Average Clothier Tax Bill
$210
Average Logan County Tax Bill
$306
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Clothier, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25047 | $69 | $138 | $210 | $344 | $487 |
Source: Ownwell