Davin, West Virginia Property Taxes
The median property tax rate in Davin, WV is 0.63%, considerably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Davin, the typical annual property tax bill reaches $476, significantly below the national median of $2,690. Property taxes in Davin are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Davin'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 Davin 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
Davin, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.63%
Estimate Property Tax Bill
$344
Ownwell’s DAVIN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DAVIN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DAVIN 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 Davin, West Virginia
Property taxes in Davin, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Davin is 0.63%, which is lower than the U.S. national median of 0.99%. Local government entities within Davin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Davin 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 Davin's effective property tax rate to other areas in West Virginia and the national median. For comparison, the zip code 25617 has both the highest and lowest median property tax rate of 0.63%. Understanding how these areas compare with Davin provides valuable insights into the varying tax landscape across Wyoming County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Davin Tax Rate
0.63%
Average Wyoming County Tax Rate
0.68%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Davin, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25617 | 0.54% | 0.56% | 0.63% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Davin, West Virginia
In Davin, 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 Wyoming County Assessor's Office 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 Davin 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 Davin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 25617, with a median tax bill of $476.
Average Davin Assessed Value
$54,600
Average Wyoming County Assessed Value
$25,000
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Davin, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25617 | $21,300 | $24,350 | $54,600 | $89,050 | $93,050 |
Source: Ownwell
Property Tax Bills Across Davin, West Virginia
In Davin, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Davin, the median home price is $54,600. Property tax bills can vary significantly, with the 25th percentile paying around $382 annually, while those in the 75th percentile pay approximately $528. The highest tax bills, in the 90th percentile, reach up to $598. Several factors influence the tax bill, including the home's location within Wyoming County, property improvements, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Davin homeowners benefit from relatively lower tax rates. This can ease the financial burden on homeowners, making it more affordable to maintain property ownership in the area. However, understanding these factors and how they affect your tax bill can help in planning and managing annual expenses effectively.
Average Davin Tax Bill
$476
Average Wyoming County Tax Bill
$190
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Davin, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25617 | $232 | $382 | $476 | $528 | $598 |
Source: Ownwell