Surveyor, West Virginia Property Taxes
The median property tax rate in Surveyor, WV is 0.72%, aligning with the West Virginia state median but lower than the national median of 0.99%. Given the median home value in Surveyor is $38,400, the typical annual property tax bill amounts to $347, significantly less than the national median of $2,690. Property taxes in Surveyor are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Familiarizing yourself with Surveyor'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 Surveyor 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
Surveyor, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$276
Ownwell’s Surveyor Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Surveyor with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Surveyor to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities and plan accordingly. For those interested in more detailed insights, you can explore neighborhood-level trends by scrolling down. Your property's assessed value is determined by the county for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Surveyor, West Virginia
Property taxes in Surveyor, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Surveyor is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Surveyor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Surveyor 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 Surveyor's effective property tax rate to other areas in West Virginia and the national median. For comparison, the zip code 25932 has both the highest and lowest median property tax rate of 0.72%. Understanding how these areas compare with Surveyor 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 Surveyor 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 Surveyor, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25932 | 0.41% | 0.72% | 0.72% | 0.72% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Surveyor, West Virginia
In Surveyor, 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 Surveyor, 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 Surveyor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 25932 has the highest median tax bill at $347, which is also the lowest median tax bill in the area.
Average Surveyor Assessed Value
$38,400
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 Surveyor, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25932 | $6,160 | $16,500 | $38,400 | $85,200 | $133,540 |
Source: Ownwell
Property Tax Bills Across Surveyor, West Virginia
In Surveyor, Raleigh County, WV, property tax bills are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, determined by the county assessor. For example, if a home in Surveyor has a median market value of $38,400, the assessed value will be a portion of this figure. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Surveyor can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $168, while the 75th percentile reaches approximately $636. For those in the 90th percentile, the tax bill can be as high as $986. These taxes fund essential public services like schools, roads, and emergency services, directly impacting the quality of life for residents.
Average Surveyor Tax Bill
$347
Average Raleigh County Tax Bill
$419
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Surveyor, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25932 | $51 | $168 | $347 | $636 | $986 |
Source: Ownwell