Henlawson, West Virginia Property Taxes
The median property tax rate in Henlawson, WV is 0.75%, slightly higher than the state median of 0.72% but still below the national median of 0.99%. With a median home value of $31,100, the typical annual property tax bill in Henlawson is $204, significantly lower than the national median of $2,690. Property taxes in Henlawson are calculated based on the assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Henlawson'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 Henlawson 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
Henlawson, 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 Henlawson Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Henlawson with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Henlawson to provide an estimate of your property tax bill. This valuable tool offers clarity on potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is the value assigned by Logan County for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Henlawson, West Virginia
Property taxes in Henlawson, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Henlawson is 0.75%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Henlawson set these rates annually, and they can vary across different neighborhoods. Each year, Henlawson 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 Henlawson's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 25624 has the same median property tax rate of 0.75%, highlighting a uniformity in tax rates within the region. Understanding how these cities compare with Henlawson 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 Henlawson 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 Henlawson, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25624 | 0.13% | 0.42% | 0.75% | 0.75% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Henlawson, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Henlawson, West Virginia. 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 Henlawson, 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 instance, the median home price in Henlawson is $31,100, with tax bills ranging from $95 at the 25th percentile to $420 at the 90th percentile. The highest and lowest median tax bills are both $204, found in the 25624 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Awareness of these processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Henlawson Assessed Value
$31,100
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 Henlawson, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25624 | $14,500 | $22,900 | $31,100 | $39,450 | $51,300 |
Source: Ownwell
Property Tax Bills Across Henlawson, West Virginia
In Henlawson, Logan County, WV, property tax bills are calculated based on the assessed value of your home, which is derived from its market value. The tax rate in this area is considerably lower than the national median property tax rate of 0.99%. For homeowners in Henlawson, the median home price is $31,100. Tax bills can vary significantly; the 25th percentile tax bill is $95, while the 75th percentile tax bill is $308, and the 90th percentile tax bill reaches up to $420. Factors such as the property's location, size, and condition play a crucial role in determining its assessed value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. This system ensures that homeowners contribute a fair share to local services and infrastructure, but it also means that fluctuations in property values can directly impact the amount homeowners are required to pay each year.
Average Henlawson Tax Bill
$204
Average Logan County Tax Bill
$306
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Henlawson, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25624 | $47 | $95 | $204 | $308 | $420 |
Source: Ownwell