Camp Creek, Mercer County, West Virginia Property Taxes
The median property tax rate in Camp Creek, WV is 0.68%, 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 Camp Creek at $72,900, the typical annual property tax bill is $443, significantly below the national median of $2,690. Property taxes in Camp Creek 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 Camp Creek'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 Camp Creek or another part of Mercer County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Camp Creek, 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
$496
$460
Ownwell’s Camp Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Camp Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Camp Creek 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 Camp Creek, Mercer County, West Virginia
Property taxes in Camp Creek, 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 Camp Creek is 0.68%, lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Camp Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Camp Creek 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 Camp Creek's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25820 zip code has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Camp Creek 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 Camp Creek 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 Camp Creek, Mercer County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25820 | 0.33% | 0.53% | 0.68% | 0.68% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Camp Creek, Mercer County, West Virginia
In Camp Creek, 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's Office 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 Camp Creek, 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 Camp Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $443 in the 25820 zip code.
Property Tax Assessment Values Across Camp Creek, Mercer County, West Virginia
Source: Ownwell
$16,100
$54,500
$92,900
Average Camp Creek Assessed Value
$72,900
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 Camp Creek, Mercer County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25820 | $15,410 | $39,400 | $72,900 | $134,650 | $214,770 |
Source: Ownwell
Property Tax Bills Across Camp Creek, Mercer County, West Virginia
In Camp Creek, Mercer County, WV, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. For homeowners in Camp Creek, the median home price is $72,900. Property tax bills can vary significantly, with the 25th percentile at $222, the 75th percentile at $844, and the 90th percentile reaching $1374. The highest and lowest median tax bills both stand at $443 in the same zip code, 25820. Compared to the national median property tax rate of 0.99%, Camp Creek's property tax rates can be quite variable. Homeowners need to consider these factors when budgeting for annual expenses, as property taxes can significantly impact the overall cost of homeownership. Understanding how these taxes are calculated helps homeowners anticipate their financial obligations more accurately.
Average Camp Creek Tax Bill
$443
Average Mercer County Tax Bill
$442
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Camp Creek, Mercer County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25820 | $94 | $222 | $443 | $844 | $1,374 |
Source: Ownwell