Pecks Mill, West Virginia Property Taxes
The median property tax rate in Pecks Mill, WV is 0.75%, slightly higher than the state median of 0.72% but below the national median of 0.99%. With a median home value of $45,650 in Pecks Mill, the typical annual property tax bill amounts to $291, which is significantly lower than the national median of $2,690. Property taxes in Pecks Mill are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Pecks Mill'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 Pecks Mill 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
Pecks Mill, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$342
Ownwell’s Pecks Mill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pecks Mill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pecks Mill 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 Pecks Mill, West Virginia
Property taxes in Pecks Mill, West Virginia, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pecks Mill is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Pecks Mill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pecks Mill 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 Pecks Mill's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 25547 has the highest and lowest median property tax rate of 0.75%. Understanding how these areas compare with Pecks Mill 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 Pecks Mill 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 Pecks Mill, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25547 | 0.22% | 0.42% | 0.75% | 0.75% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Pecks Mill, West Virginia
In Pecks Mill, 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 Pecks Mill, 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 Pecks Mill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 25547 has both the highest and lowest median tax bill at $291.
Property Tax Assessment Values Across Pecks Mill, West Virginia
Source: Ownwell
$19,000
$72,100
$125,200
Average Pecks Mill Assessed Value
$45,650
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 Pecks Mill, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25547 | $13,650 | $26,625 | $45,650 | $71,625 | $110,650 |
Source: Ownwell
Property Tax Bills Across Pecks Mill, West Virginia
In Pecks Mill, Logan County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, reflecting local real estate conditions. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Factors such as property location, improvements, and exemptions can influence the final amount. Homeowners in Pecks Mill experience varying tax bills depending on their property values. For instance, the 25th percentile tax bill is around $142, while the 75th percentile reaches $478, and the 90th percentile can go up to $788. The highest and lowest median tax bills in the area are both $291, indicating a relatively stable tax environment compared to other regions. With a national median property tax rate of 0.99%, Pecks Mill's rates offer a comparative perspective for homeowners, potentially impacting their financial planning and long-term investment decisions.
Average Pecks Mill Tax Bill
$291
Average Logan County Tax Bill
$306
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Pecks Mill, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25547 | $82 | $142 | $291 | $478 | $788 |
Source: Ownwell