Durbin, West Virginia Property Taxes
The median property tax rate in Durbin, 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 Durbin at $50,350, the typical annual property tax bill is $227, far below the national median of $2,690. Property taxes in Durbin are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Durbin's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Durbin 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
Durbin, 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 Durbin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Durbin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Durbin 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 Durbin, West Virginia
Property taxes in Durbin, 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 Durbin is 0.39%, which is significantly lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Durbin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Durbin 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 Durbin's effective property tax rate to other counties in West Virginia and the national median. Understanding how these areas compare with Durbin 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 Durbin 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 Durbin, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26264 | 0.25% | 0.39% | 0.39% | 0.54% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Durbin, West Virginia
In Durbin, 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. In Durbin, 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 Durbin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $227, found in the zip code 26264.
Average Durbin Assessed Value
$50,350
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 Durbin, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26264 | $12,510 | $29,425 | $50,350 | $84,600 | $125,040 |
Source: Ownwell
Property Tax Bills Across Durbin, West Virginia
In Durbin, Pocahontas County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The local tax rate, known as the millage rate, is then applied to this assessed value to determine the annual tax bill. Various factors influence the assessed value, including the property's size, location, and condition. For homeowners in Durbin, the median home price is $50,350, and property tax bills can vary significantly. The 25th percentile tax bill is around $120, while the 75th percentile reaches $383. At the 90th percentile, homeowners might pay up to $573. Comparatively, the national median property tax rate is 0.99%, which can help homeowners understand how their local rates stack up against broader averages. These property taxes fund essential local services, such as schools, public safety, and infrastructure, directly impacting the community's quality of life.
Average Durbin Tax Bill
$227
Average Pocahontas County Tax Bill
$346
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Durbin, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26264 | $52 | $120 | $227 | $383 | $573 |
Source: Ownwell