Short Creek, West Virginia Property Taxes
The median property tax rate in Short Creek, WV is 0.80%, which is lower than the national median of 0.99% but higher than the West Virginia state median of 0.72%. With a median home value of $21,400 in Short Creek, the typical annual property tax bill is $171, significantly below the national median of $2,690. Property taxes in Short Creek are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Short Creek'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 Short Creek or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Short Creek, West Virginia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Short Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Short Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Short Creek 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 Short Creek, West Virginia
Property taxes in Short Creek, West Virginia, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Short Creek is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Short Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Short Creek 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 Short Creek's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 26058 has both the highest and lowest median property tax rate of 0.80%. Understanding how these areas compare with Short Creek provides valuable insights into the varying tax landscape across Brooke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Short Creek Tax Rate
0.80%
Average Brooke County Tax Rate
0.80%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Short Creek, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26058 | 0.80% | 0.80% | 0.80% | 0.80% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Short Creek, West Virginia
In Short Creek, 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 Brooke 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 Short Creek, 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. By understanding the distinction between 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 Short Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 26058, with a median tax bill of $171, which is significantly lower than the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Short Creek, West Virginia
Source: Ownwell
$21,400
$65,300
$109,200
Average Short Creek Assessed Value
$21,400
Average Brooke County Assessed Value
$65,500
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Short Creek, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26058 | $17,320 | $18,400 | $21,400 | $26,800 | $32,200 |
Source: Ownwell
Property Tax Bills Across Short Creek, West Virginia
In Short Creek, Brooke County, WV, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $21,400. Property taxes are levied by local government entities, and the tax rate is applied to the assessed value to determine the final tax bill. Various factors, such as the property's location, size, and improvements, are considered during the assessment process. Homeowners in Short Creek can expect their property tax bills to vary, with the 25th percentile tax bill being around $147 and the 75th percentile reaching up to $214. At the higher end, the 90th percentile tax bill is approximately $257. These tax bills directly impact homeowners by influencing their annual housing costs. Compared to the national median property tax rate of 0.99%, Short Creek's property taxes may seem relatively modest, but they still play a significant role in local government funding and community services.
Average Short Creek Tax Bill
$171
Average Brooke County Tax Bill
$517
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Short Creek, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26058 | $138 | $147 | $171 | $214 | $257 |
Source: Ownwell