Verner, Logan County, West Virginia Property Taxes
The median property tax rate in Verner, WV is 0.75%, slightly higher than the state median of 0.72% but lower than the national median of 0.99%. With the median home value in Verner, the typical annual property tax bill reaches $315, which is significantly below the national median of $2,690. Property taxes in Verner are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Verner'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 Verner 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
Verner, Logan County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.75%
Estimate Property Tax Bill
$246
$228
Ownwell’s Verner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Verner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Verner 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 Verner, Logan County, West Virginia
Property taxes in Verner, West Virginia, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Verner is 0.75%, which is lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Verner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Verner 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 Verner's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 25650 has the highest median property tax rate of 0.75%, while the same zip code also has the lowest median tax rate of 0.75%. Understanding how these cities compare with Verner 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 Verner 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 Verner, Logan County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25650 | 0.45% | 0.75% | 0.75% | 0.94% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Verner, Logan County, West Virginia
In Verner, 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 Verner, 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 Verner 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 $315 in the 25650 zip code, while the lowest median tax bill is also $315 in the same zip code.
Property Tax Assessment Values Across Verner, Logan County, West Virginia
Source: Ownwell
$24,700
$44,500
$64,300
Average Verner Assessed Value
$32,800
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 Verner, Logan County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25650 | $16,560 | $22,650 | $32,800 | $64,000 | $91,600 |
Source: Ownwell
Property Tax Bills Across Verner, Logan County, West Virginia
In Verner, 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. The assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. Homeowners in Verner face property tax bills that can range significantly, with the 25th percentile tax bill at $194 and the 75th percentile reaching $492. The 90th percentile tax bill can go up to $684, highlighting the variance based on property values and specific assessments. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. For instance, properties in the zip code 25650 have the highest median tax bill at $315. These taxes contribute to local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Verner's property tax rates offer a relatively affordable option for homeowners, making it an attractive location for those looking to manage their property expenses effectively.
Average Verner Tax Bill
$315
Average Logan County Tax Bill
$306
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Verner, Logan County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25650 | $124 | $194 | $315 | $492 | $684 |
Source: Ownwell