Kopperston, West Virginia Property Taxes
The median property tax rate in Kopperston, WV is 1.37%, considerably higher than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Kopperston at $19,200, the typical annual property tax bill reaches $262, which is significantly lower than the national median of $2,690. Property taxes in Kopperston 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 Kopperston'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 Kopperston 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
Kopperston, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$263
Ownwell’s Kopperston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kopperston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kopperston 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 Kopperston, West Virginia
Property taxes in Kopperston, 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 Kopperston is 1.37%, significantly higher than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Kopperston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kopperston 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 Kopperston's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 24854 has the highest median property tax rate of 1.37%, while the same zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Kopperston 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 Kopperston Tax Rate
1.37%
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 Kopperston, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24854 | 1.37% | 1.37% | 1.37% | 1.37% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Kopperston, West Virginia
In Kopperston, 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 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 Kopperston, 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 Kopperston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in the area is $262, with the highest and lowest tax bills found in the 24854 zip code.
Average Kopperston Assessed Value
$19,200
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 Kopperston, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24854 | $15,920 | $17,150 | $19,200 | $22,000 | $23,680 |
Source: Ownwell
Property Tax Bills Across Kopperston, West Virginia
In Kopperston, property tax bills are calculated based on the assessed value of a home. The process begins with the local tax assessor determining the property's assessed value, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Kopperston, the median home price is $19,200, which influences the overall tax bill. Factors such as property improvements, location, and market conditions are considered when determining the assessed value. In Kopperston, the tax bill remains consistent across different percentiles, with the 25th, 75th, and 90th percentiles all paying $262 annually. This uniformity suggests a stable and predictable tax environment for homeowners. Compared to the national median property tax rate of 0.99%, Kopperston offers a relatively low property tax burden, making it an attractive location for homeowners seeking affordability. The consistent tax rate helps homeowners plan their finances better, knowing their property taxes will remain stable year after year.
Average Kopperston Tax Bill
$262
Average Wyoming County Tax Bill
$190
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Kopperston, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24854 | $262 | $262 | $262 | $262 | $262 |
Source: Ownwell