Le Roy, Wirt County, West Virginia Property Taxes
The median property tax rate in LE ROY, WV, is 0.72%, aligning with the state median but notably lower than the national median of 0.99%. With a median home value of $72,500 in LE ROY, the typical annual property tax bill is $444, significantly below the national median of $2,690. Property taxes in LE ROY are calculated based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating LE ROY's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial savings each year. Whether you're in the heart of LE ROY or another part of Wirt County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Le Roy, Wirt County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$522
$484
Ownwell’s LE ROY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LE ROY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LE ROY 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 Le Roy, Wirt County, West Virginia
Property taxes in Le Roy, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Le Roy is 0.72%, lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Le Roy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Le Roy 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 Le Roy's effective property tax rate to other areas in West Virginia and the national median. For comparison, the 25252 zip code has the highest median property tax rate of 0.72%, while the same zip code also has the lowest median tax rate of 0.72%. Understanding how these areas compare with Le Roy provides valuable insights into the varying tax landscape across Wirt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Le Roy Tax Rate
0.72%
Average Wirt County Tax Rate
0.72%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Le Roy, Wirt County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25252 | 0.35% | 0.49% | 0.72% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Le Roy, Wirt County, West Virginia
In LE ROY, 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 Wirt 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 LE ROY, 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 LE ROY helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in LE ROY is $72,500, with the highest median tax bill being $444 in zip code 25252 and the lowest median tax bill also being $444 in the same zip code.
Property Tax Assessment Values Across Le Roy, Wirt County, West Virginia
Source: Ownwell
$20,300
$51,550
$82,800
Average Le Roy Assessed Value
$72,500
Average Wirt County Assessed Value
$51,900
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Le Roy, Wirt County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25252 | $30,600 | $42,200 | $72,500 | $115,500 | $172,300 |
Source: Ownwell
Property Tax Bills Across Le Roy, Wirt County, West Virginia
In Le Roy, WV, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is typically a percentage of the property's market value. For homeowners in Le Roy, the median home price stands at $72,500. Property tax rates in the area can vary, but the tax bill for the 25th percentile is around $233, while the 75th percentile reaches up to $836. The highest median tax bill recorded in the area is $444, which is notably lower than the national median property tax rate of 0.99%. Several factors influence the property tax bill, including property size, location, and improvements made to the home. These taxes are essential for funding local services such as schools, public safety, and infrastructure. For homeowners, understanding how their property tax bill is calculated can help them better manage their finances and anticipate annual expenses. The relatively lower property tax rates in Le Roy can be a financial advantage for residents, especially when compared to national figures.
Average Le Roy Tax Bill
$444
Average Wirt County Tax Bill
$340
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Le Roy, Wirt County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25252 | $157 | $233 | $444 | $836 | $1,091 |
Source: Ownwell