Crown, West Virginia Property Taxes
The median property tax rate in Crown, WV is 0.47%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $25,450 in Crown, the typical annual property tax bill is just $45, well below the national median of $2,690. Property taxes in Crown 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 Crown'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 Crown 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
Crown, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.47%
Estimate Property Tax Bill
$120
Ownwell’s Crown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crown 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 Crown, West Virginia
Property taxes in Crown, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crown is 0.47%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Crown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crown 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 Crown's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25606 zip code has both the highest and lowest median property tax rate of 0.47%, aligning with Crown's rate. Understanding how these areas compare with Crown 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 Crown Tax Rate
0.47%
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 Crown, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25606 | 0.24% | 0.33% | 0.47% | 0.61% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Crown, West Virginia
In Crown, 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 Crown, 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. For example, the zip codes with the highest and lowest tax bills range from $27 at the 25th percentile to $75 at the 90th percentile. 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 Crown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Crown Assessed Value
$25,450
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 Crown, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25606 | $6,390 | $14,175 | $25,450 | $35,350 | $40,660 |
Source: Ownwell
Property Tax Bills Across Crown, West Virginia
In CROWN, located in Logan County, WV, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, which is determined by the county assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. For instance, a home with a median price of $25,450 would have its tax bill calculated using this assessed value and the applicable tax rate. Factors influencing the tax bill include the property's assessed value, the local tax rate, and any applicable exemptions or deductions. Homeowners in CROWN can expect their tax bills to vary, with the 25th percentile at $27, the 75th percentile at $64, and the 90th percentile at $75. These amounts are relatively low compared to the national median property tax rate of 0.99%, making homeownership in CROWN more affordable in terms of property taxes. Understanding how these factors interplay helps homeowners anticipate their annual property tax obligations.
Average Crown Tax Bill
$45
Average Logan County Tax Bill
$306
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Crown, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25606 | $16 | $27 | $45 | $64 | $75 |
Source: Ownwell