Scott Depot, Putnam County, West Virginia Property Taxes
Median Scott Depot, WV effective property tax rate: 0.73%, slightly lower than the national median of 1.02%, but higher than the West Virginia state median of 0.72%.
Median Scott Depot, WV home value: $189,600
Median annual Scott Depot, WV tax bill: $1,362, $1,038 lower than the national median property tax bill of $2,400.
How are property taxes in Putnam County calculated?
Property taxes in Scott Depot, 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 Scott Depot’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Scott Depot, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Scott Depot, Putnam County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.73%
Estimate Property Tax Bill
$1,384
$1,284
Property Tax Rates Across Scott Depot, Putnam County, West Virginia
Local government entities are responsible for setting tax rates, which can vary widely within a state. This variation occurs because each year, counties estimate the budget required to provide services and then divide this by the total value of all taxable property within their jurisdiction. This calculation determines the property tax rate. While setting these rates involves votes and laws, this is essentially the annual process.
In Scott Depot, located in Putnam County, West Virginia, the effective property tax rate can be compared to other cities within the state, as well as to median property tax rates in West Virginia and across the United States. The median property tax rate in West Virginia is notably lower than the national median of 1.02%. This comparison highlights the significant differences in property tax burdens experienced by homeowners in various regions. Understanding these differences can help property owners make informed decisions and potentially appeal for lower assessments if they find discrepancies.
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 Scott Depot Tax Rate
0.73%
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 Putnam County Tax Rate
0.73%
Median Effective West Virginia Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Scott Depot, Putnam County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25560 | 0.58% | 0.64% | 0.73% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Scott Depot, Putnam County, West Virginia
When examining property taxes in Scott Depot, 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 Putnam 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 Putnam 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 Scott Depot. For example, the median home price in Scott Depot is $189,600, with tax bills ranging significantly across the county. Zip code 25560 has the highest median home price at $189,600.
Property Tax Assessment Values Across Scott Depot, Putnam County, West Virginia
Source: Ownwell
$36,950
$113,275
$189,600
Median Scott Depot Market Value
$189,600
Median Putnam County Market Value
$136,400
Median West Virginia Market Value
$80,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Scott Depot, Putnam County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25560 | $72,740 | $131,500 | $189,600 | $248,100 | $349,820 |
Source: Ownwell
Property Tax Bills Across Scott Depot, Putnam County, West Virginia
In Scott Depot, Putnam County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The median home price in the area is $189,600, and the tax rate is applied to this assessed value to determine the annual tax bill. Factors such as the property's location, size, and improvements can influence the assessed value, ultimately affecting the tax bill. The median property tax bill in Scott Depot is $1,362, which is significantly lower than the national median tax bill of $2,400. However, homeowners in the 90th percentile may face bills as high as $2,589, indicating variability based on property specifics.
Ownwell assists homeowners by identifying potential savings through tax appeals and exemptions. By analyzing property assessments and ensuring they reflect true market values, Ownwell can help reduce tax burdens. This service is particularly beneficial for those in higher tax brackets, offering relief and ensuring fair taxation. Homeowners can rely on Ownwell's expertise to navigate the complexities of property tax assessments and secure potential savings.
Median Scott Depot Tax Bill
$1,362
Median Putnam County Tax Bill
$1,099
Median West Virginia Tax Bill
$607
Median United States Tax Bill
$2,400
Property Tax Bills Across Scott Depot, Putnam County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25560 | $531 | $961 | $1,362 | $1,840 | $2,589 |
Source: Ownwell