Capon Bridge, Hampshire County, West Virginia Property Taxes
Median CAPON BRIDGE, WV effective property tax rate: 0.52%, significantly lower than the national median of 1.02%, but lower than the WV state median of 0.72%.
Median CAPON BRIDGE, WV home value: $152,900
Median annual CAPON BRIDGE, WV tax bill: $836, $1,564 lower than the national median property tax bill of $2,400.
How are property taxes in Hampshire calculated?
Property taxes in CAPON 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 CAPON BRIDGE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in CAPON BRIDGE, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Capon Bridge, Hampshire County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.52%
Estimate Property Tax Bill
$795
$738
Property Tax Rates Across Capon Bridge, Hampshire County, West Virginia
Local government entities determine property tax rates, which can vary significantly within West Virginia. The process involves each county estimating its budget to provide essential services and dividing it by the total value of all taxable properties within its area. This calculation yields the property tax rate. Although votes and regulations play a role in setting these rates and budgets, this is the fundamental annual procedure.
In Capon Bridge, located in Hampshire County, the effective property tax rate is 0.52%. This rate is consistent with both the highest and lowest median tax rates in the state, showcasing a uniformity within this region. When compared to the national median property tax rate of 1.02%, Capon Bridge's rate is notably lower, offering residents a cost-effective tax environment. Additionally, the national median property tax bill is $2,400, which provides context for understanding how Capon Bridge's rates align on a broader scale. This comparison highlights the potential savings for property owners in Capon Bridge, making it an appealing location for those seeking lower property tax obligations.
Property Tax Rates Across Capon Bridge, Hampshire County, West Virginia
Source: Ownwell
0.52%
0.52%
0.52%
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 Capon Bridge Tax Rate
0.52%
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 Hampshire County Tax Rate
0.52%
Median Effective West Virginia Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Capon Bridge, Hampshire County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26711 | 0.42% | 0.52% | 0.52% | 0.52% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Capon Bridge, Hampshire County, West Virginia
When examining property taxes in Capon 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 Hampshire 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 Hampshire 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 Capon Bridge. For example, the median home price in Capon Bridge is $152,900, with tax bills ranging significantly across the county. Zip code 26711 has the highest median home price at $152,900.
Property Tax Assessment Values Across Capon Bridge, Hampshire County, West Virginia
Source: Ownwell
$61,800
$107,350
$152,900
Median Capon Bridge Market Value
$152,900
Median Hampshire County Market Value
$102,800
Median West Virginia Market Value
$80,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Capon Bridge, Hampshire County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26711 | $52,780 | $95,200 | $152,900 | $204,100 | $272,540 |
Source: Ownwell
Property Tax Bills Across Capon Bridge, Hampshire County, West Virginia
In Capon Bridge, Hampshire County, WV, property tax bills are calculated based on the assessed value of a home, which is often a fraction of the market value. The local tax rate is then applied to this assessed value. Factors such as property location, size, and improvements can influence the assessed value. Homeowners in Capon Bridge experience varying tax bills, with the 25th percentile at $523 and the 75th percentile reaching $1,139. While these figures reflect a range of property tax burdens, it's notable that the highest and lowest median tax bills in the area both stand at $836, indicating some consistency in tax assessments within certain parameters.
Comparatively, the national median property tax bill is $2,400, suggesting that Capon Bridge residents generally face lower property tax burdens. Nevertheless, Ownwell can assist homeowners in this region by identifying potential errors in assessments or overlooked exemptions, potentially leading to significant savings. By leveraging expertise in property tax appeals, Ownwell ensures that homeowners only pay what is fair and equitable.
Median Capon Bridge Tax Bill
$836
Median Hampshire County Tax Bill
$567
Median West Virginia Tax Bill
$607
Median United States Tax Bill
$2,400
Property Tax Bills Across Capon Bridge, Hampshire County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26711 | $347 | $523 | $836 | $1,139 | $1,615 |
Source: Ownwell