Kegley, Mercer County, West Virginia Property Taxes

Name: Property Tax Bills Across Kegley, Mercer County, West Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Kegley, WV effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the West Virginia state median of 0.72%. Median Kegley, WV home value: $58,850. Median annual Kegley, WV tax bill: $342, $2,058 lower than the national median property tax bill of $2,400.

How are property taxes in Mercer calculated?

Property taxes in Kegley, 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 Kegley’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Kegley, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Kegley, Mercer County, West Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.68%

Estimate Property Tax Bill

$400

$371

Ownwell’s Kegley Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kegley with just two data points. By entering your property's estimated assessed value, our calculator applies Kegley’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Mercer County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Kegley, Mercer County, West Virginia

Local government entities determine property tax rates, which can differ significantly within a state. Each year, counties estimate their budgetary needs to provide essential services, dividing this by the total value of taxable property to establish the property tax rate. Although the process involves votes and legislation, this is the fundamental approach to setting these rates annually. In Kegley, located in Mercer County, West Virginia, the effective property tax rate stands at 0.68%, aligning with the highest and lowest rates in the state. This rate is notably lower than the national median property tax rate of 1.02%. Consequently, homeowners in Kegley benefit from a property tax bill that is less burdensome compared to the national average. This advantageous rate is a significant factor for residents considering property ownership in the area. Comparing Kegley’s property tax rate to other cities in West Virginia and the broader U.S. highlights its competitive advantage, making it an attractive option for those seeking lower property tax liabilities.

Property Tax Rates Across Kegley, Mercer County, West Virginia

Source: Ownwell

0.68%

0.75%

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 Kegley Tax Rate

0.68%

Median Effective Mercer County Tax Rate

0.68%

Median Effective West Virginia Tax Rate

0.72%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Kegley, Mercer County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24731	0.26%	0.53%	0.68%	0.68%	0.69%

Source: Ownwell

Property Tax Assessment Values Across Kegley, Mercer County, West Virginia

When examining property taxes in Kegley, 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 Mercer 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 Mercer 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 Kegley. For example, the median home price in Kegley is $58,850, with tax bills ranging significantly across the county. Zip code 24731 has the highest median home price at $58,850.

Property Tax Assessment Values Across Kegley, Mercer County, West Virginia

Source: Ownwell

$16,100

$54,500

$92,900

Median Kegley Market Value

$58,850

Median Mercer County Market Value

$60,200

Median West Virginia Market Value

$80,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Kegley, Mercer County, West Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24731	$18,850	$35,000	$58,850	$85,625	$161,180

Source: Ownwell

Property Tax Bills Across Kegley, Mercer County, West Virginia

In Kegley, located in Mercer County, WV, property tax bills are calculated based on the assessed value of the property, which is a percentage of the property's market value. Homeowners in Kegley face a median property tax bill of $342, which is significantly lower than the national median property tax bill of $2,400. This is due to the area's lower median home price of $58,850. The tax bill can vary, with the 25th percentile at $195 and the 75th percentile at $588, reflecting differences in property values and assessment rates across the region. For homeowners, these taxes directly impact their annual financial planning, as they are a recurring expense tied to property ownership. Ownwell assists homeowners in Kegley by providing property tax appeal services, potentially lowering their tax bills. By analyzing property assessments and identifying discrepancies or opportunities for exemptions, Ownwell helps ensure that homeowners pay only their fair share, offering peace of mind and potential savings on their property tax obligations.

Property Tax Bills Across Kegley, Mercer County, West Virginia

Source: Ownwell

$103

$398

$692

Median Kegley Tax Bill

$342

Median Mercer County Tax Bill

$442

Median West Virginia Tax Bill

$607

Median United States Tax Bill

$2,400

Property Tax Bills Across Kegley, Mercer County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24731	$80	$195	$342	$588	$1,200

Source: Ownwell