Hundred, West Virginia Property Taxes
The median property tax rate in Hundred, WV is 0.64%, which is considerably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $83,400 in Hundred, the typical annual property tax bill amounts to $535, well below the national median of $2,690. Property taxes in Hundred are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Hundred'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 Hundred or another part of Monongalia County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hundred, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$534
Ownwell’s Hundred Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hundred with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hundred 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 Hundred, West Virginia
Property taxes in Hundred, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hundred is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Hundred set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hundred 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 Hundred's effective property tax rate to other areas in West Virginia and the national median. For comparison, the zip code 26575 has both the highest and lowest median property tax rate of 0.64%. Understanding how these areas compare with Hundred provides valuable insights into the varying tax landscape across Monongalia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hundred Tax Rate
0.64%
Average Monongalia County Tax Rate
0.64%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hundred, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26575 | 0.44% | 0.64% | 0.64% | 0.65% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Hundred, West Virginia
In Hundred, 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 Monongalia County 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 Hundred, 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. The median home price in Hundred is $83,400, with tax bills ranging from $395 at the 25th percentile to $931 at the 90th percentile. Being aware of these valuation processes in Hundred helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hundred Assessed Value
$83,400
Average Monongalia County Assessed Value
$146,600
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hundred, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26575 | $25,600 | $56,300 | $83,400 | $104,000 | $161,540 |
Source: Ownwell
Property Tax Bills Across Hundred, West Virginia
Property tax bills in HUNDRED, located in Monongalia County, WV, are calculated based on the assessed value of a property, which is determined by local assessors. This value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in HUNDRED, the median home price is $83,400. Property tax rates in this area can result in varying tax bills, with the 25th percentile at $395 and the 75th percentile at $723. At the higher end, the 90th percentile tax bill reaches $931. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, the tax rates in HUNDRED are relatively moderate, providing a balanced approach to funding community needs while considering homeowners' financial burdens. Understanding these factors can help homeowners anticipate their annual expenses and plan accordingly.
Average Hundred Tax Bill
$535
Average Monongalia County Tax Bill
$1,138
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Hundred, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26575 | $237 | $395 | $535 | $723 | $931 |
Source: Ownwell