Arnoldsburg, West Virginia Property Taxes
The median property tax rate in Arnoldsburg, WV is 0.35%, 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 Arnoldsburg at $80,850, the typical annual property tax bill reaches $343, well below the national median of $2,690. Property taxes in Arnoldsburg are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Arnoldsburg'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 Arnoldsburg or another part of Roane County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arnoldsburg, 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 Arnoldsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arnoldsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arnoldsburg 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 Arnoldsburg, West Virginia
Property taxes in Arnoldsburg, 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 Arnoldsburg is 0.35%, lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Arnoldsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arnoldsburg 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 Arnoldsburg's effective property tax rate to other counties in West Virginia and the national median. For comparison, the highest median property tax rate in the region is significantly higher, while other areas may have even lower rates. Understanding how these cities compare with Arnoldsburg provides valuable insights into the varying tax landscape across Roane County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arnoldsburg Tax Rate
0.35%
Average Roane County Tax Rate
0.53%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arnoldsburg, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25234 | 0.27% | 0.28% | 0.35% | 0.44% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Arnoldsburg, West Virginia
In Arnoldsburg, 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 local appraisal authorities 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 Arnoldsburg, 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 Arnoldsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Roane County, the median home price is $80,850, with tax bills ranging from $200 at the 25th percentile to $532 at the 90th percentile. Notably, the highest and lowest median tax bills are both $343 in the 25234 zip code.
Property Tax Assessment Values Across Arnoldsburg, West Virginia
Source: Ownwell
$21,300
$74,775
$128,250
Average Arnoldsburg Assessed Value
$80,850
Average Roane County Assessed Value
$76,300
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arnoldsburg, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25234 | $43,400 | $67,600 | $80,850 | $125,375 | $240,850 |
Source: Ownwell
Property Tax Bills Across Arnoldsburg, West Virginia
Property tax bills in Arnoldsburg, Roane County, WV, are determined by multiplying the assessed value of a property by the local tax rate. The median home price in Arnoldsburg is $80,850. Factors such as property size, location, and improvements made to the property influence the assessed value. Homeowners in Arnoldsburg experience a range of tax bills, with the 25th percentile at $200 and the 75th percentile at $497. The 90th percentile tax bill reaches up to $532. These figures are relatively lower compared to the national median property tax rate of 0.99%. The highest and lowest median tax bills in the area are both $343, found in the zip code 25234. Lower property tax bills can make homeownership more affordable in Arnoldsburg, positively impacting residents by reducing the overall cost of living. However, it's essential for homeowners to stay informed about any changes in local tax rates and property assessments to manage their financial planning effectively.
Average Arnoldsburg Tax Bill
$343
Average Roane County Tax Bill
$415
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Arnoldsburg, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25234 | $185 | $200 | $343 | $497 | $532 |
Source: Ownwell