Hedgesville, Morgan County, West Virginia Property Taxes
The median property tax rate in Hedgesville, WV is 0.60%, which is notably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $133,350 in Hedgesville, the typical annual property tax bill amounts to $795, well below the national median of $2,690. Property taxes in Hedgesville are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as those for primary residences and agricultural properties. By understanding Hedgesville's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve significant annual savings. Whether you're residing in Hedgesville or investing in local real estate, grasping the nuances of the local property tax system can be highly beneficial.
Last Updated June 14, 2024
Hedgesville, Morgan County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$800
$742
Ownwell’s Hedgesville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential property buyers to estimate their annual property taxes in Hedgesville with just two simple data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Hedgesville to provide an estimate of your property tax bill. This valuable tool offers a clear understanding of your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Hedgesville, Morgan County, West Virginia
Property taxes in Hedgesville, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hedgesville is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Hedgesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hedgesville 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 Hedgesville's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 25427 has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these cities compare with Hedgesville provides valuable insights into the varying tax landscape across Morgan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hedgesville Tax Rate
0.60%
Average Morgan County Tax Rate
0.60%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hedgesville, Morgan County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25427 | 0.45% | 0.60% | 0.60% | 0.60% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Hedgesville, Morgan County, West Virginia
In Hedgesville, 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 Morgan 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 Hedgesville, 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 Hedgesville 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 bill is 25427, with a median tax bill of $795.
Property Tax Assessment Values Across Hedgesville, Morgan County, West Virginia
Source: Ownwell
$73,300
$114,850
$156,400
Average Hedgesville Assessed Value
$133,350
Average Morgan County Assessed Value
$139,800
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hedgesville, Morgan County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25427 | $37,100 | $79,900 | $133,350 | $203,500 | $264,300 |
Source: Ownwell
Property Tax Bills Across Hedgesville, Morgan County, West Virginia
In Hedgesville, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is a percentage of the market value, determined by the county assessor. For instance, the median home price in Hedgesville is $133,350. Tax rates can vary, but in Morgan County, they tend to be lower than the national median property tax rate of 0.99%. Homeowners in Hedgesville can expect their tax bills to fall within a range, depending on their property's assessed value. For example, tax bills at the 25th percentile are around $493, while those at the 75th percentile can reach up to $1,229. At the 90th percentile, the tax bill could be as high as $1,612. The highest median tax bill recorded in the area is $795, applicable to the 25427 zip code. These property taxes are crucial for funding local services like schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Hedgesville Tax Bill
$795
Average Morgan County Tax Bill
$866
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Hedgesville, Morgan County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25427 | $308 | $493 | $795 | $1,229 | $1,612 |
Source: Ownwell