Kiahsville, Wayne County, West Virginia Property Taxes
The median property tax rate in Kiahsville, WV is 0.74%, slightly higher than the state median of 0.72% but lower than the national median of 0.99%. With a median home value of $27,600 in Kiahsville, the typical annual property tax bill is $193, which is significantly below the national median of $2,690. Property taxes in Kiahsville are calculated based on the assessed value, often lower than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Kiahsville'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 Kiahsville or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kiahsville, Wayne County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$204
$190
Ownwell’s Kiahsville Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kiahsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kiahsville to provide an estimate of 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 Kiahsville, Wayne County, West Virginia
Property taxes in Kiahsville, West Virginia, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Kiahsville is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Kiahsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kiahsville 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 Kiahsville's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25534 zip code has the highest median property tax rate of 0.74%, while the same zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with Kiahsville provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kiahsville Tax Rate
0.74%
Average Wayne County Tax Rate
0.74%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kiahsville, Wayne County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25534 | 0.39% | 0.74% | 0.74% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Kiahsville, Wayne County, West Virginia
In Kiahsville, 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 Wayne 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. In Kiahsville, 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 Kiahsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 25534 has the highest median tax bill at $193, offering a clear point of reference for homeowners.
Property Tax Assessment Values Across Kiahsville, Wayne County, West Virginia
Source: Ownwell
$27,600
$52,175
$76,750
Average Kiahsville Assessed Value
$27,600
Average Wayne County Assessed Value
$57,100
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kiahsville, Wayne County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25534 | $4,250 | $14,800 | $27,600 | $45,900 | $69,220 |
Source: Ownwell
Property Tax Bills Across Kiahsville, Wayne County, West Virginia
In Kiahsville, located in Wayne County, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Kiahsville is $27,600. Property taxes are then determined by applying the local tax rate to this assessed value. For example, the 25th percentile tax bill is $108, while the 75th percentile tax bill is $324, and the 90th percentile tax bill reaches $536. These tax bills are influenced by various factors, including property size, location, and improvements made to the property. Homeowners in Kiahsville should be aware that their property tax bills can vary significantly, with the highest median tax bill in the area being $193 in the zip code 25534. Compared to the national median property tax rate of 0.99%, Kiahsville's property taxes can have a relatively modest impact on homeowners, making it an affordable area in terms of property tax obligations.
Average Kiahsville Tax Bill
$193
Average Wayne County Tax Bill
$426
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Kiahsville, Wayne County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25534 | $56 | $108 | $193 | $324 | $536 |
Source: Ownwell