Gauley Bridge, Fayette County, West Virginia Property Taxes
Median Gauley Bridge, WV effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, but higher than the West Virginia state median of 0.72%.
Median Gauley Bridge, WV home value: $33,050
Median annual Gauley Bridge, WV tax bill: $293, $2,107 lower than the national median property tax bill of $2,400.
How are property taxes in Fayette County calculated?
Property taxes in Gauley Bridge, 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 Gauley Bridge’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gauley Bridge, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gauley Bridge, Fayette County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.92%
Estimate Property Tax Bill
$304
$282
Property Tax Rates Across Gauley Bridge, Fayette County, West Virginia
Property Tax Rates Across Gauley Bridge, Fayette County, West Virginia
Source: Ownwell
0.77%
0.88%
0.99%
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 Gauley Bridge Tax Rate
0.92%
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 Fayette County Tax Rate
0.77%
Median Effective West Virginia Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gauley Bridge, Fayette County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25085 | 0.33% | 0.77% | 0.92% | 1.10% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Gauley Bridge, Fayette County, West Virginia
When examining property taxes in Gauley Bridge, WV, 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 Fayette County Assessor's Office 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 Fayette County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Gauley Bridge. For example, the median home price in Gauley Bridge is $33,050, with tax bills ranging significantly across the county. Zip code 25085 has the highest median home price at $33,050.
Property Tax Assessment Values Across Gauley Bridge, Fayette County, West Virginia
Source: Ownwell
$14,400
$47,075
$79,750
Median Gauley Bridge Market Value
$33,050
Median Fayette County Market Value
$52,200
Median West Virginia Market Value
$80,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gauley Bridge, Fayette County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25085 | $7,880 | $18,975 | $33,050 | $52,000 | $82,340 |
Source: Ownwell
Property Tax Bills Across Gauley Bridge, Fayette County, West Virginia
In Gauley Bridge, property tax bills are calculated based on the assessed value of a home, which is determined by the Fayette County Assessor's Office. This assessed value is then multiplied by the local tax rate to determine the tax bill. The median home price in Gauley Bridge is $33,050, significantly lower than the national median. Consequently, the median property tax bill here is also lower, with homeowners typically paying between $171 and $728, depending on their property's value and location.
For homeowners, these tax bills represent a significant expense, but they are crucial for funding local services such as schools and infrastructure. Despite the lower bills, any opportunity to reduce costs is beneficial. Ownwell offers valuable assistance by helping homeowners appeal their property assessments and secure exemptions, potentially lowering their tax burden. With expert guidance, homeowners can ensure they are not overpaying and possibly achieve savings on their property tax bills.
Median Gauley Bridge Tax Bill
$293
Median Fayette County Tax Bill
$424
Median West Virginia Tax Bill
$607
Median United States Tax Bill
$2,400
Property Tax Bills Across Gauley Bridge, Fayette County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25085 | $70 | $171 | $293 | $472 | $728 |
Source: Ownwell