Horner, Upshur County, West Virginia Property Taxes
The median property tax rate in Horner, WV is 0.53%, 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 Horner at $66,850, the typical annual property tax bill amounts to $322, which is well below the national median of $2,690. Property taxes in Horner are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Horner'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 Horner 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
Horner, Upshur County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$354
$329
Ownwell’s Horner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Horner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Horner 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 Horner, Upshur County, West Virginia
Property taxes in Horner, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Horner is 0.53%, significantly lower than the U.S. national median of 0.99%. Local government entities within Horner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Horner 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 Horner's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 26372 has both the highest and lowest median property tax rate of 0.53%, aligning exactly with Horner's rate. Understanding how these cities compare with Horner provides valuable insights into the varying tax landscape across Upshur County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Horner Tax Rate
0.53%
Average Upshur County Tax Rate
0.53%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Horner, Upshur County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26372 | 0.33% | 0.53% | 0.53% | 0.67% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Horner, Upshur County, West Virginia
In Horner, 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 local appraisal district 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 Horner, 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 Horner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $322 in the 26372 zip code, while the lowest is also $322 in the same zip code. This consistency highlights the importance of understanding your specific situation to make informed decisions.
Property Tax Assessment Values Across Horner, Upshur County, West Virginia
Source: Ownwell
$31,200
$64,550
$97,900
Average Horner Assessed Value
$66,850
Average Upshur County Assessed Value
$85,400
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Horner, Upshur County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26372 | $26,060 | $52,025 | $66,850 | $84,000 | $106,500 |
Source: Ownwell
Property Tax Bills Across Horner, Upshur County, West Virginia
In Horner, located in Upshur County, WV, property tax bills are calculated based on the assessed value of the home. The median home price in Horner is $66,850. Property tax rates are applied to this assessed value to determine the tax bill. Factors considered include the property's market value, assessment ratio, and the local tax rate. For instance, the 25th percentile tax bill is $207, while the 75th percentile reaches $626, and the 90th percentile climbs to $849. These figures illustrate the range of tax burdens faced by homeowners, depending on their property's assessed value and specific local tax rate. Homeowners in Horner may find their tax bills relatively manageable compared to the national median property tax rate of 0.99%. The highest and lowest median tax bills in the area are both $322, indicating a level of consistency in tax assessments within the zip code 26372. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Horner Tax Bill
$322
Average Upshur County Tax Bill
$463
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Horner, Upshur County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26372 | $145 | $207 | $322 | $626 | $849 |
Source: Ownwell