Glen Daniel, West Virginia Property Taxes
The median property tax rate in Glen Daniel, WV is 0.72%, aligning with the state median but notably lower than the national median of 0.99%. With a median home value of $47,400 in Glen Daniel, the typical annual property tax bill amounts to $324, significantly less than the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Glen Daniel'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 Glen Daniel or elsewhere in Raleigh County, grasping the local property tax structure will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glen Daniel, 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 Glen Daniel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glen Daniel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glen Daniel 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 Glen Daniel, West Virginia
Property taxes in Glen Daniel, 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 Glen Daniel is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Glen Daniel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glen Daniel 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 Glen Daniel's effective property tax rate to other areas in Raleigh County and the national median. For comparison, the zip code 25844 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 areas compare with Glen Daniel 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 Glen Daniel 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 Glen Daniel, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25844 | 0.29% | 0.52% | 0.72% | 0.72% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Glen Daniel, West Virginia
In Glen Daniel, 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. 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 Glen Daniel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Raleigh County, both at $324, are found in the 25844 zip code.
Property Tax Assessment Values Across Glen Daniel, West Virginia
Source: Ownwell
$6,300
$72,500
$138,700
Average Glen Daniel Assessed Value
$47,400
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 Glen Daniel, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25844 | $7,770 | $23,800 | $47,400 | $85,025 | $129,160 |
Source: Ownwell
Property Tax Bills Across Glen Daniel, West Virginia
In Glen Daniel, Raleigh County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value typically reflects a percentage of the market value. For homeowners in Glen Daniel, the median home price stands at $47,400. The property tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, the tax bill for the 25th percentile is around $156, while homeowners in the 75th percentile pay approximately $586. Those in the 90th percentile face a tax bill of about $918. These property taxes fund essential public services such as schools, emergency services, and infrastructure. Although the median tax bill in Glen Daniel is $324, it remains relatively low compared to the national median property tax rate of 0.99%, offering some financial relief to homeowners in the area.
Average Glen Daniel Tax Bill
$324
Average Raleigh County Tax Bill
$419
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Glen Daniel, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25844 | $63 | $156 | $324 | $586 | $918 |
Source: Ownwell