Diana, West Virginia Property Taxes
The median property tax rate in Diana, WV is 0.41%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $34,200, the typical annual property tax bill in Diana is $149, far below the national median of $2,690. Property taxes in Diana are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Diana'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 Diana 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
Diana, 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 Diana Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Diana with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Diana 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 Diana, West Virginia
Property taxes in Diana, 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 Diana is 0.41%, significantly lower than the U.S. national median of 0.99%. Local government entities within Diana set these rates annually, and they can vary significantly across different neighborhoods. Each year, Diana 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 Diana's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26217 zip code has the highest median property tax rate of 0.41%, while the lowest median tax rate is also 0.41%. Understanding how these cities compare with Diana provides valuable insights into the varying tax landscape across Webster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Diana Tax Rate
0.41%
Average Webster County Tax Rate
0.41%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Diana, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26217 | 0.17% | 0.41% | 0.41% | 0.81% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Diana, West Virginia
In Diana, 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 county 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 Diana, 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 Diana helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bill in Diana is $149.00, both in the zip code 26217.
Average Diana Assessed Value
$34,200
Average Webster County Assessed Value
$32,900
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Diana, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26217 | $9,680 | $19,400 | $34,200 | $55,850 | $79,200 |
Source: Ownwell
Property Tax Bills Across Diana, West Virginia
In Diana, located in Webster County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Diana, the median home price is $34,200, resulting in varying tax bills. The 25th percentile tax bill is $78, while the 75th percentile reaches $259, and the 90th percentile climbs to $364. These figures highlight the range of property tax obligations within the community. Compared to the national median property tax rate of 0.99%, Diana’s property tax bills reflect the local economic conditions and property values. Homeowners should consider these factors when budgeting for annual expenses, as property taxes directly impact the cost of homeownership. Understanding how these taxes are calculated can help residents plan better and potentially seek exemptions or appeals to reduce their tax burden.
Average Diana Tax Bill
$149
Average Webster County Tax Bill
$149
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Diana, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26217 | $43 | $78 | $149 | $259 | $364 |
Source: Ownwell