Athens, Mercer County, West Virginia Property Taxes
The median property tax rate in Athens, WV is 0.68%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $91,500 in Athens, the typical annual property tax bill amounts to $692, which is well below the national median of $2,690. Property taxes in Athens are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Athens' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Athens or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Athens, Mercer County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$622
$577
Ownwell’s Athens Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Athens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Athens 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 Athens, Mercer County, West Virginia
Property taxes in Athens, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Athens is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Athens set these rates annually, and they can vary significantly across different neighborhoods. Each year, Athens 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. Understanding how Athens' effective property tax rate compares with other areas provides valuable insights into the varying tax landscape across Mercer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Athens Tax Rate
0.68%
Average Mercer County Tax Rate
0.68%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Athens, Mercer County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24712 | 0.44% | 0.56% | 0.68% | 0.83% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Athens, Mercer County, West Virginia
In Athens, 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 Mercer 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 Athens, 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 Athens helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 24712 has the highest and lowest median tax bill at $692, reflecting the diverse property values within the region.
Property Tax Assessment Values Across Athens, Mercer County, West Virginia
Source: Ownwell
$16,100
$54,500
$92,900
Average Athens Assessed Value
$91,500
Average Mercer County Assessed Value
$60,200
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Athens, Mercer County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24712 | $40,120 | $62,225 | $91,500 | $136,550 | $187,550 |
Source: Ownwell
Property Tax Bills Across Athens, Mercer County, West Virginia
In Athens, property tax bills are calculated based on the assessed value of your home, which is determined by the Mercer County assessor's office. The assessment considers factors such as the property's market value, location, and any improvements made. Homeowners in Athens typically see a property tax bill that varies significantly depending on these factors. For example, the tax bill at the 25th percentile is around $438, while at the 75th percentile, it goes up to $1071. At the 90th percentile, homeowners might pay as much as $1506. The median home price in Athens is $91,500, and the property tax rate in Mercer County is relatively competitive compared to the national median property tax rate of 0.99%. This means that while some homeowners might find their tax bills manageable, others with higher-valued properties or extensive improvements might face steeper bills. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan accordingly.
Average Athens Tax Bill
$692
Average Mercer County Tax Bill
$442
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Athens, Mercer County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24712 | $222 | $438 | $692 | $1,071 | $1,506 |
Source: Ownwell