Ashton, West Virginia Property Taxes
The median property tax rate in Ashton, WV is 0.71%, slightly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Ashton at $65,100, the typical annual property tax bill reaches $437, significantly below the national median of $2,690. Property taxes in Ashton 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 Ashton'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 Ashton or another part of Mason County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ashton, 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 Ashton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ashton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ashton 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 Ashton, West Virginia
Property taxes in Ashton, 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 Ashton is 0.52%, significantly lower than the West Virginia state median of 0.58% and the U.S. national median of 0.99%. Local government entities within Ashton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ashton 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 Ashton's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 25503 has the highest median property tax rate of 0.52%, while the same zip code also has the lowest median tax rate of 0.52%. Understanding how these cities compare with Ashton provides valuable insights into the varying tax landscape across Mason County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashton Tax Rate
0.71%
Average Mason County Tax Rate
0.71%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25503 | 0.31% | 0.53% | 0.71% | 0.71% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Ashton, West Virginia
In Ashton, 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 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 Ashton, 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 Ashton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills in Ashton is 25503, with a median tax bill of $437.
Average Ashton Assessed Value
$65,100
Average Mason County Assessed Value
$68,400
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25503 | $3,780 | $29,450 | $65,100 | $105,350 | $157,420 |
Source: Ownwell
Property Tax Bills Across Ashton, West Virginia
In Ashton, located in Mason 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 Ashton can expect their tax bills to vary considerably, with the 25th percentile tax bill at $213 and the 75th percentile at $738. The 90th percentile tax bill can reach up to $1164. Several factors influence these tax bills, including property size, location, and improvements made to the property. Unlike the national median property tax rate of 0.99%, the rates in Ashton can differ, affecting the overall tax burden on homeowners. For instance, the highest and lowest median tax bills in the area are both recorded at $437 in the zip code 25503. These property taxes fund essential local services such as schools, roads, and emergency services, directly impacting the quality of life for Ashton residents.
Average Ashton Tax Bill
$437
Average Mason County Tax Bill
$486
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25503 | $73 | $213 | $437 | $738 | $1,164 |
Source: Ownwell