Peach Creek, West Virginia Property Taxes
The median property tax rate in Peach Creek, WV is 0.75%, slightly lower than the national median of 0.99% but higher than the West Virginia state median of 0.72%. With the median home value in Peach Creek at $36,800, the typical annual property tax bill is $231, which is significantly below the national median of $2,690. Property taxes in Peach Creek 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 Peach Creek'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 Peach Creek 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
Peach Creek, 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 Peach Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Peach Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Peach Creek 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 Peach Creek, West Virginia
Property taxes in Peach Creek, 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 Peach Creek is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Peach Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Peach Creek 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 Peach Creek's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 25639 has both the highest and lowest median property tax rate of 0.75%. Understanding how these areas compare with Peach Creek 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 Peach Creek 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 Peach Creek, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25639 | 0.21% | 0.38% | 0.75% | 0.75% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Peach Creek, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Peach Creek, 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 local appraisal district 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 Peach Creek, 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 median home price in Peach Creek is $36,800, with tax bills ranging from $114 at the 25th percentile to $590 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Peach Creek, West Virginia
Source: Ownwell
$19,000
$72,100
$125,200
Average Peach Creek Assessed Value
$36,800
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 Peach Creek, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25639 | $13,960 | $24,800 | $36,800 | $53,600 | $73,380 |
Source: Ownwell
Property Tax Bills Across Peach Creek, West Virginia
In Peach Creek, located in Logan County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is typically a percentage of the property's market value. Homeowners in Peach Creek can expect their property tax bills to vary significantly depending on the value of their homes. For instance, the median home price in Peach Creek is $36,800. Property tax bills in this area range from $114 at the 25th percentile to $369 at the 75th percentile, with the top 10% of tax bills reaching up to $590. These figures are relatively low compared to the national median property tax rate of 0.99%. Factors influencing the tax bill include property improvements, changes in market conditions, and local tax rates. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their finances more effectively.
Average Peach Creek Tax Bill
$231
Average Logan County Tax Bill
$306
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Peach Creek, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25639 | $46 | $114 | $231 | $369 | $590 |
Source: Ownwell