Gandeeville, West Virginia Property Taxes
The median property tax rate in Gandeeville, WV is 0.53%, considerably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Gandeeville at $82,200, the typical annual property tax bill reaches $398, significantly below the national median of $2,690. Property taxes in Gandeeville 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 Gandeeville'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 Gandeeville or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gandeeville, 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 Gandeeville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gandeeville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gandeeville 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 Gandeeville, West Virginia
Property taxes in Gandeeville, 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 Gandeeville is 0.53%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Gandeeville set these rates annually, and they can vary across different neighborhoods. Each year, Gandeeville 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 Gandeeville's effective property tax rate to other areas in Roane County and the national median. For comparison, the zip code 25243 has the median property tax rate of 0.53%, reflecting a consistent rate across this region. Understanding how these areas compare with Gandeeville 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 Gandeeville Tax Rate
0.53%
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 Gandeeville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25243 | 0.34% | 0.53% | 0.53% | 0.53% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Gandeeville, West Virginia
In Gandeeville, 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 Roane 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 Gandeeville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 25243 has the highest and lowest median tax bill at $398, reflecting the uniformity in property tax assessments across the area.
Property Tax Assessment Values Across Gandeeville, West Virginia
Source: Ownwell
$21,300
$74,775
$128,250
Average Gandeeville Assessed Value
$82,200
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 Gandeeville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25243 | $14,290 | $42,700 | $82,200 | $113,100 | $159,420 |
Source: Ownwell
Property Tax Bills Across Gandeeville, West Virginia
In Gandeeville, Roane County, WV, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the property's market value and any applicable exemptions or deductions play a significant role in this calculation. For instance, the median home price in Gandeeville is $82,200, and tax bills can vary widely. The 25th percentile tax bill is $233, while the 75th percentile tax bill reaches $592, and the 90th percentile tax bill climbs to $862. These tax bills are influenced by the local tax rate and the assessed value of the property, which may differ from the market value. Homeowners in Gandeeville may find their tax bills higher or lower depending on these assessments and any available exemptions. Compared to the national median property tax rate of 0.99%, Gandeeville's property taxes are relatively moderate, providing some relief to homeowners in the area.
Average Gandeeville Tax Bill
$398
Average Roane County Tax Bill
$415
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Gandeeville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25243 | $109 | $233 | $398 | $592 | $862 |
Source: Ownwell