Iaeger, Mcdowell County, West Virginia Property Taxes
Median Iaeger, WV effective property tax rate: 0.83%, significantly lower than the national median of 1.02%, but higher than the West Virginia state median of 0.72%.
Median Iaeger, WV home value: $16,100
Median annual Iaeger, WV tax bill: $138, $2,262 lower than the national median property tax bill of $2,400.
How are property taxes in McDowell County calculated?
Property taxes in Iaeger, 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 Iaeger’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Iaeger, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Iaeger, Mcdowell County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.83%
Estimate Property Tax Bill
$134
$124
Property Tax Rates Across Iaeger, Mcdowell County, West Virginia
Local government entities set tax rates, which can vary widely within a state. This is because 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. Below, you can compare Iaeger's effective property tax rate to other cities in West Virginia and the median property tax rates in West Virginia and the U.S.
In McDowell County, where Iaeger is located, the property tax rate stands at 0.83%, which is below the national average of 1.02%. This means residents generally pay lower property taxes compared to many other parts of the country. The consistency of the tax rate across McDowell County highlights a stable tax environment, making it an appealing area for property owners. With a median property tax rate of 0.83%, West Virginia also offers a favorable comparison to the national median property tax bill of $2400, providing an economically attractive option for homeowners.
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 Iaeger Tax Rate
0.83%
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 Mcdowell County Tax Rate
1.36%
Median Effective West Virginia Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Iaeger, Mcdowell County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24844 | 0.37% | 0.68% | 0.83% | 1.36% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Iaeger, Mcdowell County, West Virginia
When examining property taxes in Iaeger, 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 McDowell County appraisal district 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 McDowell County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Iaeger. For example, the median home price in Iaeger is $16,100, with tax bills ranging significantly across the county. The zip code 24844 has the highest median home price at $16,100.
Property Tax Assessment Values Across Iaeger, Mcdowell County, West Virginia
Source: Ownwell
$12,400
$17,200
$22,000
Median Iaeger Market Value
$16,100
Median Mcdowell County Market Value
$12,200
Median West Virginia Market Value
$80,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Iaeger, Mcdowell County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24844 | $1,700 | $7,900 | $16,100 | $29,000 | $43,880 |
Source: Ownwell
Property Tax Bills Across Iaeger, Mcdowell County, West Virginia
Median Iaeger Tax Bill
$138
Median Mcdowell County Tax Bill
$126
Median West Virginia Tax Bill
$607
Median United States Tax Bill
$2,400
Property Tax Bills Across Iaeger, Mcdowell County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24844 | $17 | $60 | $138 | $276 | $457 |
Source: Ownwell