Barboursville, West Virginia Property Taxes
The median property tax rate in Barboursville, WV is 0.82%, slightly 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 $112,150 in Barboursville, the typical annual property tax bill comes to $984, which is substantially below the national median of $2,690. Property taxes in Barboursville are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Barboursville'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 Barboursville 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
Barboursville, 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 Barboursville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barboursville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barboursville 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 Barboursville, West Virginia
Property taxes in Barboursville, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Barboursville is 0.82%, which is lower than the U.S. national median of 0.99%. Local government entities within Barboursville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barboursville 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 Barboursville's effective property tax rate to other counties in West Virginia and the national median. For comparison, the highest median property tax rate in the area is also 0.82%, found in the 25504 zip code, while the lowest median tax rate is the same. Understanding how these cities compare with Barboursville provides valuable insights into the varying tax landscape across Cabell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barboursville Tax Rate
0.82%
Average Cabell County Tax Rate
0.82%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barboursville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25504 | 0.56% | 0.71% | 0.82% | 1.05% | 1.65% |
Source: Ownwell
Property Tax Assessment Values Across Barboursville, West Virginia
In Barboursville, 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 Cabell 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 Barboursville, 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 Barboursville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Barboursville is $112,150, with tax bills ranging from $593 at the 25th percentile to $2,281 at the 90th percentile. The highest and lowest median tax bills in the area both stand at $984, specifically in the 25504 zip code.
Property Tax Assessment Values Across Barboursville, West Virginia
Source: Ownwell
$39,500
$76,675
$113,850
Average Barboursville Assessed Value
$112,150
Average Cabell County Assessed Value
$80,550
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barboursville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25504 | $36,150 | $70,900 | $112,150 | $161,000 | $241,900 |
Source: Ownwell
Property Tax Bills Across Barboursville, West Virginia
In Barboursville, located in Cabell County, WV, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For homeowners in Barboursville, the median home price is $112,150. Property tax bills can vary significantly; for instance, the 25th percentile tax bill is $593, while the 75th percentile reaches $1,493. At the 90th percentile, the tax bill can go up to $2,281. The highest median tax bill in the area is $984, which is also the lowest, indicating a uniform tax rate in the zip code 25504. Compared to the national median property tax rate of 0.99%, Barboursville's tax rate is relatively moderate, providing homeowners with a predictable and manageable property tax environment. This consistency in tax bills helps homeowners plan their finances more effectively.
Average Barboursville Tax Bill
$984
Average Cabell County Tax Bill
$825
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Barboursville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25504 | $292 | $593 | $984 | $1,493 | $2,281 |
Source: Ownwell