Bolt, Raleigh County, West Virginia Property Taxes

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

Median BOLT, WV effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, but equal to the West Virginia state median of 0.72%.
Median BOLT, WV home value: $53,100
Median annual BOLT, WV tax bill: $304, $2,096 lower than the national median property tax bill of $2,400.

How are property taxes in Raleigh County calculated?

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

Last Updated March 1, 2025

Bolt, Raleigh County, West Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.72%

Estimate Property Tax Bill

$382

$355

Ownwell’s BOLT Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in BOLT with just two data points. By entering your property's estimated assessed value, our calculator applies BOLT’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 Raleigh County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Bolt, Raleigh County, West Virginia

Local government entities are responsible for setting property tax rates, and these can differ significantly across regions within a state. Each year, counties estimate the budget needed to provide essential services and divide this by the total assessed value of all taxable properties within their jurisdiction. This process determines the property tax rate. While votes and legislation also play roles in setting these rates and budgets, this is fundamentally how the annual process works.

In Bolt, located in Raleigh County, West Virginia, the effective property tax rate is 0.72%. This rate is below the national median property tax rate of 1.02%, reflecting the state's tendency towards lower property tax rates. Comparatively, this means that homeowners in Bolt may enjoy lower property tax bills than those in other parts of the country. The median property tax bill in Bolt is likely to be less than the national median of $2,400, offering potential savings for property owners. Understanding these differences can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Bolt, Raleigh County, West Virginia

Source: Ownwell

0.72%

0.80%

0.87%

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 Bolt Tax Rate

0.72%

Median Effective Raleigh County Tax Rate

0.72%

Median Effective West Virginia Tax Rate

0.72%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Bolt, Raleigh County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
25817	0.22%	0.38%	0.72%	0.72%	0.72%

Source: Ownwell

Property Tax Assessment Values Across Bolt, Raleigh County, West Virginia

When examining property taxes in Bolt, 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 Raleigh County Assessor 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. Assessment notices: In Raleigh 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 Bolt. For example, the median home price in Bolt is $53,100, with tax bills ranging significantly across the county. Zip code 25817 has the highest median home price at $53,100.

Property Tax Assessment Values Across Bolt, Raleigh County, West Virginia

Source: Ownwell

$6,300

$72,500

$138,700

Median Bolt Market Value

$53,100

Median Raleigh County Market Value

$52,200

Median West Virginia Market Value

$80,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Bolt, Raleigh County, West Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
25817	$15,200	$32,900	$53,100	$80,500	$116,340

Source: Ownwell

Property Tax Bills Across Bolt, Raleigh County, West Virginia

In Bolt, located in Raleigh County, WV, property tax bills are calculated based on the assessed value of a home. The median home price here is $53,100, which is significantly lower than the national median. This affordability is reflected in the property tax bills, with a median tax bill of $304, well below the national median of $2,400. Homeowners in Bolt can expect their tax bills to vary, with the 25th percentile at $152 and the 75th percentile reaching $509. The assessed value, combined with the local tax rate, determines the final tax bill, impacting homeowners' annual expenses. High property taxes can strain a homeowner's budget, making it essential to ensure accuracy in the assessed value. This is where Ownwell comes in. By offering property tax appeal services, Ownwell can help homeowners identify discrepancies in their assessments and potentially lower their tax bills. This service not only reduces financial stress but also ensures fair taxation, allowing homeowners to save money and invest in their properties.

Property Tax Bills Across Bolt, Raleigh County, West Virginia

Source: Ownwell

$61

$568

$1,074

Median Bolt Tax Bill

$304

Median Raleigh County Tax Bill

$419

Median West Virginia Tax Bill

$607

Median United States Tax Bill

$2,400

Property Tax Bills Across Bolt, Raleigh County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
25817	$66	$152	$304	$509	$828

Source: Ownwell