Nicholas County, West Virginia Property Taxes
The median property tax rate in Nicholas County is 0.59%, which is 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 $56,300 in Nicholas County, the typical annual property tax bill is $332, far below the national median of $2,690. Property taxes in Nicholas County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions such as those for primary residences and agricultural lands. Understanding the specific property tax system in Nicholas County, exploring available exemptions, and identifying opportunities for property tax reductions can lead to significant annual savings. Whether you reside in Summersville or another part of Nicholas County, gaining comprehensive knowledge of local property taxes is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Nicholas County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$332
$308
Ownwell’s Nicholas County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nicholas County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Nicholas County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Nicholas County, West Virginia
Property taxes in Nicholas County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Nicholas County is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Nicholas County set these rates annually, and they can vary significantly between different areas within the county. Each year, Nicholas County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Nicholas County's effective property tax rate with other regions and the national median. For comparison, the city of Richwood has one of the higher property tax rates in the state at 0.81%, while the city of Canvas boasts one of the lowest at 0.59%. Analyzing how Nicholas County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Nicholas County Tax Rate
0.59%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nicholas County, West Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belva | N/A | N/A | N/A | N/A | N/A |
| Birch River | 0.19% | 0.35% | 0.59% | 0.59% | 0.64% |
| Calvin | N/A | N/A | N/A | N/A | N/A |
| Canvas | 0.34% | 0.44% | 0.59% | 0.59% | 0.59% |
| Clay | N/A | N/A | N/A | N/A | N/A |
| Craigsville | 0.25% | 0.39% | 0.59% | 0.59% | 1.18% |
| Dille | N/A | N/A | N/A | N/A | N/A |
| Duck | N/A | N/A | N/A | N/A | N/A |
| Fenwick | 0.17% | 0.33% | 0.59% | 0.59% | 1.18% |
| Indore | N/A | N/A | N/A | N/A | N/A |
| Leivasy | 0.20% | 0.32% | 0.59% | 0.59% | 0.98% |
| Mount Lookout | 0.34% | 0.43% | 0.59% | 0.59% | 0.59% |
| Mount Nebo | 0.28% | 0.48% | 0.59% | 0.59% | 1.18% |
| Nallen | N/A | N/A | N/A | N/A | N/A |
| Nettie | 0.27% | 0.40% | 0.59% | 0.59% | 0.82% |
| Pool | 0.35% | 0.59% | 0.59% | 0.59% | 0.59% |
| Quinwood | N/A | N/A | N/A | N/A | N/A |
| Richwood | 0.33% | 0.59% | 0.81% | 0.88% | 1.63% |
| Summersville | 0.32% | 0.49% | 0.59% | 0.74% | 1.18% |
| Swiss | N/A | N/A | N/A | N/A | N/A |
| Tioga | 0.23% | 0.40% | 0.59% | 0.59% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Nicholas County, West Virginia
In Nicholas County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Nicholas County Appraisal District. The assessed value, however, 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. Assessment notices in Nicholas County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Nicholas County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, Canvas has the highest median tax bill at $516, while Dille has the lowest at $102.
Property Tax Assessment Values Across Nicholas County, West Virginia
Source: Ownwell
$21,600
$58,400
$95,200
Average Nicholas County Assessed Value
$56,300
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nicholas County, West Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belva | N/A | N/A | N/A | N/A | N/A |
| Birch River | $12,500 | $29,500 | $48,900 | $74,600 | $113,200 |
| Calvin | N/A | N/A | N/A | N/A | N/A |
| Canvas | $23,020 | $54,100 | $95,200 | $137,700 | $208,960 |
| Clay | N/A | N/A | N/A | N/A | N/A |
| Craigsville | $9,300 | $24,600 | $51,400 | $77,750 | $104,160 |
| Dille | N/A | N/A | N/A | N/A | N/A |
| Duck | N/A | N/A | N/A | N/A | N/A |
| Fenwick | $11,250 | $29,000 | $48,700 | $72,025 | $102,400 |
| Indore | N/A | N/A | N/A | N/A | N/A |
| Leivasy | $10,160 | $24,875 | $45,450 | $65,825 | $88,490 |
| Mount Lookout | $25,360 | $58,475 | $91,000 | $124,625 | $197,420 |
| Mount Nebo | $12,400 | $30,200 | $59,400 | $95,200 | $142,720 |
| Nallen | N/A | N/A | N/A | N/A | N/A |
| Nettie | $9,740 | $32,525 | $63,900 | $100,425 | $139,460 |
| Pool | $3,200 | $65,700 | $82,300 | $138,800 | $166,700 |
| Quinwood | N/A | N/A | N/A | N/A | N/A |
| Richwood | $3,900 | $11,100 | $21,600 | $35,500 | $63,690 |
| Summersville | $7,200 | $34,350 | $72,500 | $114,800 | $167,500 |
| Swiss | N/A | N/A | N/A | N/A | N/A |
| Tioga | $4,280 | $26,400 | $46,200 | $80,000 | $116,220 |
Source: Ownwell
Property Tax Bills Across Nicholas County, West Virginia
In Nicholas County, WV, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of the market value. The median home price in the county is $56,300, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as location and property characteristics are considered in the assessment process. Homeowners in Nicholas County can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $157, while at the 75th percentile, it rises to $579. The 90th percentile tax bill can go as high as $903. The highest median tax bill is found in Canvas at $516, whereas Dille has the lowest median tax bill at $102. These variations highlight how property taxes can impact homeowners differently, depending on their property's assessed value and location within the county.
Average Nicholas County Tax Bill
$332
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Nicholas County, West Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Belva | N/A | N/A | N/A | N/A | N/A |
| Birch River | $60 | $117 | $244 | $435 | $652 |
| Calvin | N/A | N/A | N/A | N/A | N/A |
| Canvas | $143 | $266 | $516 | $878 | $1,231 |
| Clay | N/A | N/A | N/A | N/A | N/A |
| Craigsville | $69 | $147 | $283 | $447 | $615 |
| Dille | N/A | N/A | N/A | N/A | N/A |
| Duck | N/A | N/A | N/A | N/A | N/A |
| Fenwick | $51 | $122 | $240 | $380 | $576 |
| Indore | N/A | N/A | N/A | N/A | N/A |
| Leivasy | $64 | $119 | $206 | $348 | $478 |
| Mount Lookout | $139 | $300 | $492 | $791 | $1,147 |
| Mount Nebo | $79 | $163 | $334 | $560 | $854 |
| Nallen | N/A | N/A | N/A | N/A | N/A |
| Nettie | $76 | $176 | $345 | $594 | $835 |
| Pool | $154 | $292 | $470 | $818 | $1,063 |
| Quinwood | N/A | N/A | N/A | N/A | N/A |
| Richwood | $36 | $85 | $173 | $297 | $475 |
| Summersville | $91 | $214 | $448 | $748 | $1,137 |
| Swiss | N/A | N/A | N/A | N/A | N/A |
| Tioga | $64 | $130 | $266 | $486 | $703 |
Source: Ownwell