Buckeye, West Virginia Property Taxes
The median property tax rate in Buckeye, WV is 0.39%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Buckeye at $82,650, the typical annual property tax bill is $345, far below the national median of $2,690. Property taxes in Buckeye 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 Buckeye'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 Buckeye or another part of Pocahontas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Buckeye, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$322
Ownwell’s Buckeye Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Buckeye with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Buckeye 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 Buckeye, West Virginia
Property taxes in Buckeye, 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 Buckeye is 0.39%, significantly lower than both the West Virginia state median of 0.51% and the U.S. national median of 0.99%. Local government entities within Buckeye set these rates annually, and they can vary significantly across different neighborhoods. Each year, Buckeye 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 Buckeye's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26508 zip code has the highest median property tax rate of 0.66%, while the 24740 zip code has the lowest median tax rate of 0.31%. Understanding how these cities compare with Buckeye provides valuable insights into the varying tax landscape across Pocahontas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Buckeye Tax Rate
0.39%
Average Pocahontas County Tax Rate
0.39%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Buckeye, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24924 | 0.24% | 0.39% | 0.39% | 0.78% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Buckeye, West Virginia
In Buckeye, 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 Pocahontas 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. Assessment notices in Buckeye 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 Buckeye helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Buckeye are both $345.00, found in the 24924 zip code.
Average Buckeye Assessed Value
$82,650
Average Pocahontas County Assessed Value
$74,800
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Buckeye, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24924 | $24,400 | $48,100 | $82,650 | $136,425 | $230,700 |
Source: Ownwell
Property Tax Bills Across Buckeye, West Virginia
In Buckeye, Pocahontas County, WV, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value. For homeowners in Buckeye, the median home price stands at $82,650. The tax bills vary significantly, with the 25th percentile at $183, the 75th percentile at $630, and the 90th percentile reaching $1092. The highest median tax bill recorded in the area is $345 in the 24924 zip code, which is also the lowest median tax bill, indicating a uniform rate across the region. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Buckeye's tax rates are relatively modest. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for homeowners in the area.
Average Buckeye Tax Bill
$345
Average Pocahontas County Tax Bill
$346
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Buckeye, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24924 | $89 | $183 | $345 | $630 | $1,092 |
Source: Ownwell