Lost River, Hardy County, West Virginia Property Taxes
Median Lost River, WV effective property tax rate: 0.46%, significantly lower than the national median of 1.02%, but lower than the West Virginia state median of 0.72%.
Median Lost River, WV home value: $99,000
Median annual Lost River, WV tax bill: $478, $1,922 lower than the national median property tax bill of $2,400.
How are property taxes in Hardy County calculated?
Property taxes in Lost River, 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 Lost River’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lost River, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lost River, Hardy County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2%
Estimate Property Tax Bill
$0
Property Tax Rates Across Lost River, Hardy County, West Virginia
Local government entities set tax rates, which can vary widely within a state. 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.
In Lost River, located in Hardy County, WV, the effective property tax rate stands at 0.46%. This is significantly lower than both the national median property tax rate of 1.02% and the national median property tax bill of $2400. Such a low rate can be quite appealing for property owners looking to minimize their tax burden. By comparison, property owners in other parts of the country may pay more than double the rate found in Lost River. This favorable tax environment can be a compelling reason for individuals and businesses to consider investing in or relocating to this area.
Our median effective property tax rate (tax bill Ă· 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 Hardy County Tax Rate
0.46%
Median Effective West Virginia Tax Rate
0.71%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Lost River, Hardy County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Lost River, Hardy County, West Virginia
When examining property taxes in Lost River, 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 Hardy 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 Hardy 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 Lost River.
For example, the median home price in Lost River is $99,000, with tax bills ranging significantly across the county. ZIP code 26810 has the highest median home price at $99,000.
Property Tax Assessment Values Across Lost River, Hardy County, West Virginia
Source: Ownwell
$83,800
$103,150
$122,500
Median Hardy County Market Value
$96,100
Median West Virginia Market Value
$85,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Lost River, Hardy County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Lost River, Hardy County, West Virginia
Median Hardy County Tax Bill
$450
Median West Virginia Tax Bill
$629
Median United States Tax Bill
$2,400
Property Tax Bills Across Lost River, Hardy County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | February 20 |
Links | |
|---|---|
| Hardy Tax Assessor | |
| Website | mapwv.gov |