Sarah Ann, West Virginia Property Taxes
The median property tax rate in Sarah Ann, WV is 0.75%, slightly higher than the West Virginia state median of 0.72% but below the national median of 0.99%. With a median home value of $35,000 in Sarah Ann, the typical annual property tax bill is $267, significantly lower than the national median of $2,690. Property taxes in Sarah Ann are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sarah Ann'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 Sarah Ann 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
Sarah Ann, 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 Sarah Ann Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sarah Ann with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sarah Ann 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 Sarah Ann, West Virginia
Property taxes in Sarah Ann, West Virginia, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Sarah Ann is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Sarah Ann set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sarah Ann 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 Sarah Ann's effective property tax rate to other counties in West Virginia and the national median. For comparison, the ZIP code 25644 has both the highest and lowest median property tax rate of 0.75%. Understanding how these areas compare with Sarah Ann 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 Sarah Ann 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 Sarah Ann, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25644 | 0.30% | 0.57% | 0.75% | 1.51% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Sarah Ann, West Virginia
In Sarah Ann, 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 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 Sarah Ann, 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 Sarah Ann helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $267, found in zip code 25644. The lowest median tax bill is also $267 in the same zip code.
Average Sarah Ann Assessed Value
$35,000
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 Sarah Ann, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25644 | $5,880 | $22,300 | $35,000 | $58,150 | $66,440 |
Source: Ownwell
Property Tax Bills Across Sarah Ann, West Virginia
In Sarah Ann, Logan County, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Sarah Ann is $35,000. Local assessors determine the property's assessed value, which is then multiplied by the local tax rate to calculate the tax bill. For homeowners in Sarah Ann, the property tax bill varies significantly. At the 25th percentile, homeowners pay around $172 annually, while those in the 75th percentile face bills of about $462. The highest tax bills, at the 90th percentile, can reach up to $598. Compared to the national median property tax rate of 0.99%, Sarah Ann's property taxes are relatively low, making homeownership more affordable. These taxes fund essential services like schools, public safety, and infrastructure, directly impacting the community's quality of life. Homeowners should stay informed about their property's assessed value and any changes in the local tax rate to manage their expenses effectively.
Average Sarah Ann Tax Bill
$267
Average Logan County Tax Bill
$306
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Sarah Ann, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25644 | $34 | $172 | $267 | $462 | $598 |
Source: Ownwell