Chapmanville, Boone County, West Virginia Property Taxes
Median Chapmanville, WV effective property tax rate: 0.75%, significantly lower than the national median of 1.02%, but higher than the West Virginia state median of 0.72%.
Median Chapmanville, WV home value: $80,300
Median annual Chapmanville, WV tax bill: $545, $1,855 lower than the national median property tax bill of $2,400.
How are property taxes in Boone County calculated?
Property taxes in Chapmanville, WV are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Chapmanville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Chapmanville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Chapmanville, Boone County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.75%
Estimate Property Tax Bill
$602
$559
Property Tax Rates Across Chapmanville, Boone County, West Virginia
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Chapmanville in Boone County, WV, showcases a property tax rate that aligns with the state’s median rate of 0.75%. This figure is notably below the national median property tax rate of 1.02%. For homeowners in Chapmanville, this translates to significant savings on their annual property tax bills compared to the national median bill of $2,400.
Understanding these rates is crucial for homeowners seeking to manage their expenses effectively. Comparing Chapmanville's rate to other cities in West Virginia and the U.S. highlights the potential for savings and underscores the importance of staying informed about local tax policies. By being proactive, residents can better navigate the complexities of property taxation and ensure they are not overpaying.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Chapmanville Tax Rate
0.75%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Boone County Tax Rate
0.75%
Median Effective West Virginia Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Chapmanville, Boone County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25508 | 0.40% | 0.51% | 0.75% | 0.75% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Chapmanville, Boone County, West Virginia
When examining property taxes in Chapmanville, West Virginia, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Boone County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Boone County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Chapmanville. For example, the median home price in Chapmanville is $80,300, with tax bills ranging significantly across the county. Zip code 25508 has the highest median home price at $80,300.
Property Tax Assessment Values Across Chapmanville, Boone County, West Virginia
Source: Ownwell
$24,650
$52,475
$80,300
Median Chapmanville Market Value
$80,300
Median Boone County Market Value
$42,400
Median West Virginia Market Value
$80,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Chapmanville, Boone County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25508 | $11,080 | $33,500 | $80,300 | $131,200 | $202,360 |
Source: Ownwell
Property Tax Bills Across Chapmanville, Boone County, West Virginia
In Chapmanville, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. With a median home price of $80,300, property taxes vary significantly, ranging from the 25th percentile tax bill of $321 to the 90th percentile tax bill of $1,536. The median tax bill in the area is $545, which is significantly lower than the national median property tax bill of $2,400. This discrepancy highlights the potential savings for homeowners in Chapmanville. Factors influencing property tax bills include the home's assessed value and the local tax rate set by Boone County.
Homeowners in Chapmanville can benefit from appealing their property tax assessments if they believe their home has been overvalued. This is where Ownwell can assist by providing expert property tax appeal and exemption services. By leveraging local market knowledge and assessment expertise, Ownwell helps homeowners potentially reduce their property tax bills, ensuring they only pay their fair share.
Median Chapmanville Tax Bill
$545
Median Boone County Tax Bill
$349
Median West Virginia Tax Bill
$607
Median United States Tax Bill
$2,400
Property Tax Bills Across Chapmanville, Boone County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25508 | $120 | $321 | $545 | $917 | $1,536 |
Source: Ownwell