Crab Orchard, West Virginia Property Taxes
The median property tax rate in Crab Orchard, WV is 0.72%, aligning with the state median but falling below the national median of 0.99%. With a median home value of $53,100 in Crab Orchard, the typical annual property tax bill is $344, significantly lower than the national median of $2,690. Property taxes in Crab Orchard are calculated based on the tax assessed value, which generally remains below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Crab Orchard'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 Crab Orchard or another part of Raleigh County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Crab Orchard, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$382
Ownwell’s Crab Orchard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crab Orchard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crab Orchard 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 Crab Orchard, West Virginia
Property taxes in Crab Orchard, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Crab Orchard is 0.72%, lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Crab Orchard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crab Orchard 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 Crab Orchard's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25827 zip code has the highest median property tax rate of 0.72%, while the same zip code also has the lowest median tax rate of 0.72%. Understanding how these cities compare with Crab Orchard 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 Crab Orchard 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 Crab Orchard, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25827 | 0.28% | 0.49% | 0.72% | 0.72% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Crab Orchard, West Virginia
In Crab Orchard, 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'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 Crab Orchard, 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 Crab Orchard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Raleigh County is $344 in the 25827 zip code, while the lowest is also $344 in the same zip code.
Property Tax Assessment Values Across Crab Orchard, West Virginia
Source: Ownwell
$6,300
$72,500
$138,700
Average Crab Orchard Assessed Value
$53,100
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 Crab Orchard, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25827 | $9,850 | $30,475 | $53,100 | $86,100 | $122,790 |
Source: Ownwell
Property Tax Bills Across Crab Orchard, West Virginia
In Crab Orchard, Raleigh County, WV, property tax bills are determined by the assessed value of a property, which is a percentage of its market value. The median home price in this area is $53,100. Local tax authorities assess properties periodically to establish their value, and this assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Homeowners in Crab Orchard can expect their tax bills to vary significantly; the 25th percentile tax bill is around $161, while the 75th percentile tax bill reaches $594. At the 90th percentile, tax bills can go up to $863. The highest median tax bill recorded in the area is $344, which is relatively modest compared to the national median property tax rate of 0.99%. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners in Crab Orchard.
Average Crab Orchard Tax Bill
$344
Average Raleigh County Tax Bill
$419
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Crab Orchard, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25827 | $71 | $161 | $344 | $594 | $863 |
Source: Ownwell