Hundred, West Virginia Property Taxes
The median property tax rate in Hundred, WV is 0.69%, lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Hundred at $54,200, the typical annual property tax bill reaches $414, significantly below the national median of $2,690. Property taxes in Hundred are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hundred'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 Hundred 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
Hundred, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$374
Ownwell’s HUNDRED Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in HUNDRED with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in HUNDRED 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 Hundred, West Virginia
Property taxes in Hundred, West Virginia, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Hundred is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Hundred set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hundred 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 Hundred's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26575 zip code has the highest median property tax rate of 0.69%, while the same 26575 zip code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with Hundred provides valuable insights into the varying tax landscape across Wetzel County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hundred Tax Rate
0.69%
Average Wetzel County Tax Rate
0.69%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hundred, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26575 | 0.32% | 0.52% | 0.69% | 0.84% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Hundred, West Virginia
In HUNDRED, 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 Wetzel 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 in HUNDRED 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. In HUNDRED, the median home price is $54,200, with the 25th percentile tax bill at $209 and the 75th percentile tax bill at $738. Notably, the zip code 26575 has the highest median tax bill of $414. Being aware of these valuation processes in HUNDRED helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hundred Assessed Value
$54,200
Average Wetzel County Assessed Value
$72,300
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hundred, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26575 | $13,080 | $30,275 | $54,200 | $89,400 | $138,820 |
Source: Ownwell
Property Tax Bills Across Hundred, West Virginia
In HUNDRED, Wetzel County, WV, property tax bills are calculated based on the assessed value of the property, which is determined by local government assessors. This assessed value is typically a percentage of the market value of the home. For instance, with a median home price of $54,200, homeowners can expect their property taxes to be a fraction of this amount. The tax rate is then applied to the assessed value to determine the annual tax bill. Factors such as property location, home size, and improvements can influence the assessed value and, consequently, the tax bill. In HUNDRED, the 25th percentile tax bill is $209, while the 75th percentile reaches $738, and the 90th percentile can go up to $1,035. Compared to the national median property tax rate of 0.99%, the property tax rates in this region can significantly impact homeowners' annual expenses. Understanding these factors helps homeowners anticipate their tax obligations and plan their finances accordingly.
Average Hundred Tax Bill
$414
Average Wetzel County Tax Bill
$518
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Hundred, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26575 | $83 | $209 | $414 | $738 | $1,035 |
Source: Ownwell