Example of Kanawha County Property Tax Calculation
Kanawha County calculates property tax based on the assessed value of the property. The county assesses the property's value at 60% of its fair market value. So, if the fair market value of a property is $100,000, the assessed value would be $60,000.
To calculate the property tax, the county multiplies the assessed value by the tax rate. The current tax rate in Kanawha County is 91.5 cents per $100 of assessed value. For a property assessed at $60,000, the property tax would be $549 per year.
It's important to note that property taxes are used to fund local services such as schools, law enforcement, and infrastructure. Property owners can appeal their assessed value if they believe it is incorrect, but they must do so within a specific timeframe.
Overall, understanding property taxes is an important part of property ownership in Kanawha County, and knowing how they are calculated can help property owners plan and budget for their payments.
If you want appeal your property tax assessment - contact your local tax assessor.
Kanawha County Property Tax Rates
The Kanawha County Property Tax rates per $100 of assessed value are as follows:
| Tax | Rate |
|---|---|
| County | $2.39 |
| School | $2.36 |
| Municipalities | Varies by town |
It is important to note that municipalities within Kanawha County may set their own property tax rates, which vary based on the town.
Who sets property tax rates in Kanawha County ?
Who sets property tax rates in Kanawha County?
The Kanawha County Commission is responsible for setting property tax rates in Kanawha County, West Virginia.
When are property tax rates set in Kanawha County?
Property tax rates are typically set annually in the month of April, with the new rates becoming effective on July 1st of that year. The Kanawha County Commission holds public hearings to gather input from residents, businesses, and other stakeholders before making a decision on tax rates.
It is important to note that property tax rates may also be affected by changes in state or federal laws or regulations, as well as by local economic conditions and budget constraints. As such, property owners in Kanawha County should check with the county assessor or the Kanawha County Commission to stay informed about any updates or changes to property tax rates.
Homestead exemptions in Kanawha County ?
To help homeowners in Kanawha County, West Virginia, save some money on their property taxes, there are several county-specific Homestead exemptions and deductions available. Here is a breakdown of what is currently being offered:
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | All residents of Kanawha County who own and occupy their primary residence | Up to $20,000 of the assessed value of the property | Must file an application with the Kanawha County Assessor's Office |
| Senior Citizen Exemption | All residents of Kanawha County who are 65 years of age or older and own and occupy their primary residence | Up to an additional $8,000 of the assessed value of the property | Must also file an application with the Kanawha County Assessor's Office |
| Disabled Veteran Exemption | All residents of Kanawha County who are disabled veterans and own and occupy their primary residence | Up to an additional $20,000 of the assessed value of the property | Must provide documentation of disability status and honorable discharge |
| Agricultural Exemption | All residents of Kanawha County who own and use their property for bona fide agricultural purposes | Varies based on percentage of property used for agricultural purposes | Must file an application with the Kanawha County Assessor's Office and provide proof of agricultural use |
Important notes:
- These exemptions and deductions only apply to a property owner's primary residence in Kanawha County.
- Property owners must file an application with the Kanawha County Assessor's Office to be eligible for these exemptions and deductions.
- The amount of the exemption or deduction is based on the assessed value of the property.
- The agricultural exemption requires proof of bona fide agricultural use.
- For more information and to obtain the necessary application forms, visit the Kanawha County Assessor's Office website or call their office.
When is Kanawha County Property Tax due ?
Kanawha County Property Tax is typically due on September 1st every year. Property owners have until October 1st to pay their taxes without incurring any late fees or penalties.
There are several payment methods available to property owners, including:
| Payment Method | Description |
|---|---|
| In-person | Payments can be made in-person at the Kanawha County Sheriff's Tax Office located at 409 Virginia Street East, Charleston, WV 25301. Cash, check, money order, and credit/debit cards are accepted. |
| Online | Payments can also be made online through the Kanawha County Sheriff's Tax Office website using a credit/debit card or e-check. |
| Property owners can also mail their payments to the Kanawha County Sheriff's Tax Office at PO Box 3227, Charleston, WV 25332. Payments must be postmarked by October 1st to avoid penalties. |
It is important for property owners to make their payments on time to avoid any late fees or penalties. Failure to pay property taxes can also result in a tax lien or foreclosure on the property.
If you have more questions - contact your local tax collector.
How is Kanawha County Property Tax penalty calculated ?
To calculate the penalty for Kanawha County property tax, the following formula is used:
Penalty = [Amount Due x (Interest Rate/365) x Number of Days Late]
The interest rate is set by the state and is currently 1% per month, which translates to 0.0274% per day. The penalty is calculated on a daily basis, starting on the day after the due date and ending on the day the payment is received.
Here is an example of how the penalty would be calculated for a property tax payment that is 30 days late and has an amount due of $1,000:
Penalty = [$1,000 x (0.0274/365) x 30] = $2.03
Therefore, the total amount due would be $1,002.03 ($1,000 + $2.03 penalty).
It is important to note that failure to pay property taxes on time can result in additional penalties and legal action, such as a tax lien or foreclosure. Property owners should ensure timely payment of their property taxes to avoid these consequences.
We recommend contacting the Kanawha County Tax Office or a local tax professional for the most up-to-date and accurate information.