Nettie, West Virginia Property Taxes
The median property tax rate in Nettie, WV is 0.59%, which is considerably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Nettie at $63,900, the typical annual property tax bill reaches $345, significantly below the national median of $2,690. Property taxes in Nettie are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Nettie'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 Nettie or another part of Nicholas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nettie, 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 Nettie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nettie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nettie 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 Nettie, West Virginia
Property taxes in Nettie, 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 Nettie is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Nettie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nettie 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 Nettie's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 26681 has both the highest and the lowest median property tax rate of 0.59%. Understanding how these cities compare with Nettie provides valuable insights into the varying tax landscape across Nicholas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nettie Tax Rate
0.59%
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 Nettie, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26681 | 0.27% | 0.40% | 0.59% | 0.59% | 0.82% |
Source: Ownwell
Property Tax Assessment Values Across Nettie, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Nettie, West Virginia. 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 Nicholas 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 Nettie, 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 Nettie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Nettie, the median home price is $63,900, with tax bills ranging from $176 at the 25th percentile to $835 at the 90th percentile. Notably, the zip code 26681 has the highest and lowest median tax bill at $345.
Average Nettie Assessed Value
$63,900
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 Nettie, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26681 | $9,740 | $32,525 | $63,900 | $100,425 | $139,460 |
Source: Ownwell
Property Tax Bills Across Nettie, West Virginia
In Nettie, located in Nicholas 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 Nettie is $63,900. Homeowners in this area can expect their property tax bills to vary widely. For example, the 25th percentile tax bill is $176, while those in the 75th percentile pay around $594. At the higher end, the 90th percentile tax bill reaches $835. Several factors influence these tax bills, including property size, location, and any applicable exemptions. The assessed value is multiplied by the local tax rate to determine the final bill. For homeowners, this means that properties with higher market values or fewer exemptions will result in higher tax obligations. Understanding these factors can help homeowners anticipate and manage their property tax expenses more effectively.
Average Nettie Tax Bill
$345
Average Nicholas County Tax Bill
$332
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Nettie, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26681 | $76 | $176 | $345 | $594 | $835 |
Source: Ownwell