Ameagle, West Virginia Property Taxes
The median property tax rate in Ameagle, WV is 0.72%, which is lower than the national median of 0.99% and matches the West Virginia state median of 0.72%. With a median home value of $13,500 in Ameagle, the typical annual property tax bill is $97, significantly below the national median of $2,690. Property taxes in Ameagle are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Ameagle'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 Ameagle or another part of Raleigh County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ameagle, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$97
Ownwell’s Ameagle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ameagle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ameagle 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 Ameagle, West Virginia
Property taxes in Ameagle, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ameagle is 0.72%, lower than the U.S. national median of 0.99%. Local government entities within Ameagle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ameagle 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 Ameagle's effective property tax rate to other areas in Raleigh County and the national median. For comparison, the zip code 25060 has the highest median property tax rate of 0.72%, while also having the lowest median tax rate of 0.72%. Understanding how these areas compare with Ameagle provides valuable insights into the varying tax landscape across Raleigh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ameagle Tax Rate
0.72%
Average Raleigh County Tax Rate
0.72%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ameagle, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25060 | 0.72% | 0.72% | 0.72% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Ameagle, West Virginia
In Ameagle, 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 Raleigh 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 Ameagle, 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 Ameagle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ameagle Assessed Value
$13,500
Average Raleigh County Assessed Value
$52,200
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ameagle, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25060 | $13,500 | $13,500 | $13,500 | $13,500 | $13,500 |
Source: Ownwell
Property Tax Bills Across Ameagle, West Virginia
In Ameagle, Raleigh County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. For instance, if a home's market value is $13,500, its assessed value will be a fraction of that amount. The property tax rate in Raleigh County then applies to this assessed value to determine the annual tax bill. Homeowners in Ameagle typically face property tax bills around $97, which aligns with the 25th, 75th, and 90th percentiles. This is significantly lower than the national median property tax rate of 0.99%, making Ameagle an attractive location for homeowners seeking lower property taxes. Factors such as property improvements, location, and local government budgets can influence the assessed value and, consequently, the tax bill. Lower property taxes can ease the financial burden on homeowners, allowing for more disposable income or investment in property enhancements.
Average Ameagle Tax Bill
$97
Average Raleigh County Tax Bill
$419
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Ameagle, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25060 | $97 | $97 | $97 | $97 | $97 |
Source: Ownwell