Clear Brook, West Virginia Property Taxes
The median property tax rate in Clear Brook, WV is 0.76%, which is lower than the national median of 0.99% but slightly higher than the West Virginia state median of 0.72%. With the median home value in Clear Brook at $249,100, the typical annual property tax bill amounts to $1,889, falling below the national median of $2,690. Property taxes in Clear Brook are calculated based on the tax assessed value, which often is less than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Clear Brook's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Clear Brook or another part of Berkeley County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clear Brook, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$1,893
Ownwell’s Clear Brook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clear Brook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clear Brook to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Clear Brook, West Virginia
Property taxes in Clear Brook, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clear Brook is 0.76%, lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Clear Brook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clear Brook estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Clear Brook's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 22624 zip code has both the highest and lowest median property tax rate of 0.76%. Understanding how these cities compare with Clear Brook provides valuable insights into the varying tax landscape across Berkeley County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clear Brook Tax Rate
0.76%
Average Berkeley County Tax Rate
0.76%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clear Brook, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22624 | 0.76% | 0.76% | 0.76% | 0.76% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Clear Brook, West Virginia
In Clear Brook, West Virginia, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Berkeley County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Clear Brook, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in Clear Brook is $249,100, with tax bills ranging from $1,832 at the 25th percentile to $1,981 at the 90th percentile. The highest and lowest median tax bills are both found in the 22624 zip code, with a median tax bill of $1,889. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Clear Brook helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Clear Brook, West Virginia
Source: Ownwell
$129,800
$206,700
$283,600
Average Clear Brook Assessed Value
$249,100
Average Berkeley County Assessed Value
$188,500
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clear Brook, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22624 | $236,940 | $241,500 | $249,100 | $256,700 | $261,260 |
Source: Ownwell
Property Tax Bills Across Clear Brook, West Virginia
Property tax bills in Clear Brook, located in Berkeley County, WV, are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. In Clear Brook, the median home price is $249,100, and the tax bills vary significantly across different percentiles. For instance, the 25th percentile tax bill is $1,832, while the 75th percentile tax bill is $1,947, and the 90th percentile tax bill reaches $1,981. These tax bills are influenced by several factors, including property location, improvements, and market conditions. Homeowners in Clear Brook may find their tax bills higher or lower depending on these factors. Compared to the national median property tax rate of 0.99%, Berkeley County's tax rates can result in relatively moderate property tax bills. This calculation impacts homeowners by affecting their annual financial obligations and potentially influencing their decisions regarding property improvements and investments.
Average Clear Brook Tax Bill
$1,889
Average Berkeley County Tax Bill
$1,510
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Clear Brook, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 22624 | $1,797 | $1,832 | $1,889 | $1,947 | $1,981 |
Source: Ownwell