Harts, West Virginia Property Taxes
The median property tax rate in Harts, 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 a median home value of $34,950 in Harts, the typical annual property tax bill is around $244, significantly below the national median of $2,690. Property taxes in Harts are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Harts' property tax system, taking advantage of available exemptions, and seeking opportunities for reductions can lead to substantial annual savings. Whether residing in the heart of Harts or another part of Logan County, a thorough understanding of the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Harts, West Virginia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Harts Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harts with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harts 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 Harts, West Virginia
Property taxes in Harts, West Virginia, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Harts is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Harts set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harts estimates its required budget to maintain services for the upcoming fiscal year. This budget is then divided 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 Harts' effective property tax rate to other areas in Logan County and the national median. For comparison, the zip code 25524 has the highest median property tax rate of 0.75%, while the lowest median tax rate in the same zip code is also 0.75%. Understanding how these areas compare with Harts 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 Harts 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 Harts, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25524 | 0.18% | 0.38% | 0.75% | 0.75% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Harts, West Virginia
In Harts, 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. Assessment notices in Harts 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 Harts helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Harts, the median home price is $34,950. The 25th percentile tax bill is $102, while the 75th percentile tax bill is $411. The highest and lowest median tax bills are both $244.00 in the zip code 25524.
Average Harts Assessed Value
$34,950
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 Harts, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25524 | $6,160 | $17,250 | $34,950 | $53,400 | $81,640 |
Source: Ownwell
Property Tax Bills Across Harts, West Virginia
In Harts, Logan County, WV, property tax bills are calculated based on the assessed value of a property. The assessed value is a percentage of the market value, which is determined by the county assessor. Homeowners in Harts can expect a median home price of $34,950. The 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 Harts, the tax bill varies significantly. At the 25th percentile, the tax bill is around $102, while at the 75th percentile, it rises to approximately $411. Those at the 90th percentile might see tax bills as high as $639. Compared to the national median property tax rate of 0.99%, Harts offers relatively affordable property taxes. This can be a significant advantage for homeowners, making it easier to manage annual expenses and potentially increasing the attractiveness of the area for prospective buyers.
Average Harts Tax Bill
$244
Average Logan County Tax Bill
$306
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Harts, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25524 | $56 | $102 | $244 | $411 | $639 |
Source: Ownwell