Kellysville, West Virginia Property Taxes
The median property tax rate in Kellysville, 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 a median home value of $36,300 in Kellysville, the typical annual property tax bill is around $280, significantly less than the national median of $2,690. Property taxes in Kellysville are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Kellysville'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 Kellysville 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
Kellysville, 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 Kellysville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kellysville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kellysville 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 Kellysville, West Virginia
Property taxes in Kellysville, West Virginia, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Kellysville is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Kellysville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kellysville 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 Kellysville's effective property tax rate to other areas in Mercer County and the national median. For comparison, the 24732 zip code has both the highest and lowest median property tax rate of 0.68%. Understanding how these areas compare with Kellysville 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 Kellysville 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 Kellysville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24732 | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Kellysville, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Kellysville, WV. 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 Kellysville, 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 Kellysville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Kellysville is $36,300, with the highest and lowest median tax bills both recorded at $280 in the zip code 24732.
Property Tax Assessment Values Across Kellysville, West Virginia
Source: Ownwell
$16,100
$78,100
$140,100
Average Kellysville Assessed Value
$36,300
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 Kellysville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24732 | $32,540 | $33,950 | $36,300 | $38,650 | $40,060 |
Source: Ownwell
Property Tax Bills Across Kellysville, West Virginia
In Kellysville, Mercer County, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Kellysville is $36,300. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Kellysville, the tax bill typically falls around $280, which is consistent across the 25th, 75th, and 90th percentiles, indicating a uniform tax rate application. The local tax rate in Kellysville is significantly lower than the national median property tax rate of 0.99%, making it an attractive location for homeowners looking for lower property tax burdens. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions or deductions. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for Kellysville residents.
Average Kellysville Tax Bill
$280
Average Mercer County Tax Bill
$442
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Kellysville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24732 | $280 | $280 | $280 | $280 | $280 |
Source: Ownwell