Verdunville, West Virginia Property Taxes
The median property tax rate in Verdunville, WV is 0.75%, which is lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Verdunville at $36,000, the typical annual property tax bill is $269, significantly below the national median of $2,690. Property taxes in Verdunville are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Verdunville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Verdunville or another part of Logan County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Verdunville, 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 Verdunville Property Tax Bill Calculator is a valuable tool for any homeowner, real estate investor, or potential owner looking to estimate their annual property taxes in Verdunville. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Verdunville to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities, making financial planning easier. For those interested in more granular details, localized information on neighborhood trends is available as you scroll down. Your property’s assessed value, determined by the county, is used for property tax calculations and incorporates any applicable exemptions.
Property Tax Rates Across Verdunville, West Virginia
Property taxes in Verdunville, West Virginia, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Verdunville is 0.75%, which is lower than the U.S. national median of 0.99%. Local government entities within Verdunville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Verdunville 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 Verdunville's effective property tax rate to other areas in Logan County and the national median. For comparison, the zip code 25649 has both the highest and lowest median property tax rate of 0.75%. Understanding how these areas compare with Verdunville 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 Verdunville 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 Verdunville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25649 | 0.27% | 0.52% | 0.75% | 0.75% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Verdunville, West Virginia
In Verdunville, 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 Verdunville, 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 Verdunville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Verdunville is $269, found in the 25649 zip code, while the lowest median tax bill is also $269 in the same zip code.
Property Tax Assessment Values Across Verdunville, West Virginia
Source: Ownwell
$19,000
$72,100
$125,200
Average Verdunville Assessed Value
$36,000
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 Verdunville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25649 | $10,400 | $22,050 | $36,000 | $57,975 | $85,640 |
Source: Ownwell
Property Tax Bills Across Verdunville, West Virginia
In Verdunville, Logan County, WV, property tax bills are calculated based on the assessed value of the property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The process considers factors such as the property's market value, improvements, and location. For homeowners in Verdunville, the median home price stands at $36,000. Property tax bills vary widely, with the 25th percentile at $140 and the 75th percentile at $441. At the 90th percentile, homeowners face tax bills of up to $656. The highest and lowest median tax bill in the area is $269, found in zip code 25649. Compared to the national median property tax rate of 0.99%, Verdunville's property taxes can be relatively manageable, especially given the lower home values. However, these taxes are crucial for funding local services like schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Verdunville Tax Bill
$269
Average Logan County Tax Bill
$306
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Verdunville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25649 | $50 | $140 | $269 | $441 | $656 |
Source: Ownwell