Peterstown, Summers County, West Virginia Property Taxes
Median Peterstown, WV effective property tax rate: 0.41%, significantly lower than the national median of 1.02%, but lower than the West Virginia state median of 0.72%.
Median Peterstown, WV home value: $100,900
Median annual Peterstown, WV tax bill: $386, $2,014 lower than the national median property tax bill of $2,400.
How are property taxes in Summers County calculated?
Property taxes in Peterstown, 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 Peterstown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Peterstown, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Peterstown, Summers County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.41%
Estimate Property Tax Bill
$414
$384
Property Tax Rates Across Peterstown, Summers County, West Virginia
Local government entities are responsible for setting property tax rates, which can vary significantly even within a single state. This variation is primarily due to each county's annual budget requirements for public services. The total budget is divided by the assessed value of all taxable properties within the jurisdiction, resulting in the property tax rate. Although setting these rates involves votes and legislation, this is the fundamental process.
In Peterstown, located in Summers County, West Virginia, the effective property tax rate is 0.41%. This rate is notably lower than the national median property tax rate of 1.02%. When comparing to other cities within West Virginia, Peterstown's rate is consistent with the state’s median, offering residents a relatively affordable property tax bill compared to the national median property tax bill of $2,400. This lower rate can be attractive for property owners seeking to minimize their tax expenses. Understanding these rates and how they compare nationally can help property owners make informed decisions about their investments and potential savings in property taxes.
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 Peterstown Tax Rate
0.41%
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 Summers County Tax Rate
0.41%
Median Effective West Virginia Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Peterstown, Summers County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24963 | 0.30% | 0.34% | 0.41% | 0.41% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Peterstown, Summers County, West Virginia
When examining property taxes in Peterstown, 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 Summers 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 Summers 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 Peterstown. For example, the median home price in Peterstown is $100,900, with tax bills ranging significantly across the county. 24963 has the highest median home price at $100,900.
Property Tax Assessment Values Across Peterstown, Summers County, West Virginia
Source: Ownwell
$53,200
$106,050
$158,900
Median Peterstown Market Value
$100,900
Median Summers County Market Value
$66,000
Median West Virginia Market Value
$80,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Peterstown, Summers County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24963 | $19,450 | $51,750 | $100,900 | $137,800 | $235,850 |
Source: Ownwell
Property Tax Bills Across Peterstown, Summers County, West Virginia
In Peterstown, located in Summers County, WV, property taxes are determined by assessing the market value of a home and applying the local tax rate. With a median home price of $100,900, homeowners here face a median property tax bill of $386, significantly below the national median of $2,400. The tax bill can vary, with the 25th percentile at $279 and the 90th percentile reaching $941. Factors such as property size, location, and improvements can influence the assessed value, affecting the final tax bill. For homeowners, understanding these factors is crucial as they directly impact annual expenses.
Ownwell offers expert property tax appeal services to help homeowners potentially reduce their property tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can assist in filing appeals to ensure a fair tax rate. This service can lead to substantial savings, particularly for those in areas where property taxes may seem disproportionately high compared to market values. Partnering with Ownwell ensures homeowners are not overpaying and are well-informed about their property tax obligations.
Median Peterstown Tax Bill
$386
Median Summers County Tax Bill
$304
Median West Virginia Tax Bill
$607
Median United States Tax Bill
$2,400
Property Tax Bills Across Peterstown, Summers County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24963 | $163 | $279 | $386 | $695 | $941 |
Source: Ownwell