Kerens, West Virginia Property Taxes
The median property tax rate in Kerens, WV, is 0.40%, 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 Kerens at $70,200, the typical annual property tax bill is $299, far below the national median of $2,690. Property taxes in Kerens 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 Kerens' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Kerens or another part of Tucker County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kerens, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$281
-$2,943
Ownwell’s Kerens Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kerens with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kerens 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 Kerens, West Virginia
Property taxes in Kerens, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kerens is 0.40%, which is significantly lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Kerens set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kerens 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 Kerens's effective property tax rate to other counties in West Virginia and the national median. For comparison, Tucker County has the highest median property tax rate of 0.40%, while the lowest median tax rate in the county is also 0.40%. Understanding how these cities compare with Kerens provides valuable insights into the varying tax landscape across Tucker County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kerens Tax Rate
0.40%
Average Tucker County Tax Rate
0.40%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kerens, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26276 | 0.23% | 0.40% | 0.40% | 0.79% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across Kerens, West Virginia
In Kerens, 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 Tucker 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 Kerens, 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 Kerens helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $299, found in the 26276 zip code.
Average Kerens Assessed Value
$70,200
Average Tucker County Assessed Value
$90,400
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kerens, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26276 | $27,760 | $48,200 | $70,200 | $103,900 | $193,380 |
Source: Ownwell
Property Tax Bills Across Kerens, West Virginia
In Kerens, Tucker County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. For instance, with a median home price of $70,200, the assessed value serves as the basis for the tax calculation. The property tax rate in this region is then applied to the assessed value to determine the annual tax bill. Homeowners in Kerens can expect their property tax bills to vary. The 25th percentile tax bill is around $185, while the 75th percentile tax bill is approximately $469. Those at the higher end, in the 90th percentile, may see bills nearing $1,000. Compared to the national median property tax rate of 0.99%, these figures reflect the local economic conditions and property values. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances accordingly.
Average Kerens Tax Bill
$299
Average Tucker County Tax Bill
$451
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Kerens, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26276 | $77 | $185 | $299 | $469 | $1,000 |
Source: Ownwell