Gilmer County Property Taxes
The median property tax rate in Gilmer County is 0.56%, which is significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Gilmer County, the typical annual property tax bill is $350, well below the national median of $2,690. Property taxes in Gilmer County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Gilmer County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Glenville or another part of Gilmer County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gilmer County 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 Gilmer County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Gilmer County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Gilmer County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Gilmer County, West Virginia
Property taxes in Gilmer County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Gilmer County is 0.56%, which is lower than the U.S. national median of 0.99%. Local government entities within Gilmer County set these rates annually, and they can vary significantly between different areas within the county. Each year, Gilmer County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Gilmer County's effective property tax rate with other areas and the national median. For comparison, the city of Alum Bridge has one of the higher property tax rates in the region at 1.12%, while the city of New Milton boasts one of the lowest at 0.45%. Analyzing how Gilmer County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Gilmer County Tax Rate
0.56%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gilmer County, West Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alum Bridge | 1.12% | 1.12% | 1.12% | 1.12% | 1.12% |
| Big Springs | 0.36% | 0.56% | 0.56% | 0.56% | 1.12% |
| Burnsville | 0.22% | 0.37% | 0.56% | 0.56% | 1.12% |
| Cedarville | 0.25% | 0.43% | 0.56% | 0.56% | 1.12% |
| Coxs Mills | 0.33% | 0.56% | 0.56% | 0.72% | 1.12% |
| Gassaway | 0.26% | 0.37% | 0.56% | 0.56% | 0.56% |
| Glenville | 0.33% | 0.56% | 0.56% | 1.12% | 1.56% |
| Grantsville | N/A | N/A | N/A | N/A | N/A |
| Linn | N/A | N/A | N/A | N/A | N/A |
| New Milton | 0.36% | 0.40% | 0.45% | 0.51% | 0.54% |
| Normantown | N/A | N/A | N/A | N/A | N/A |
| Orlando | 0.30% | 0.52% | 0.56% | 0.56% | 1.12% |
| Perkins | N/A | N/A | N/A | N/A | N/A |
| Rosedale | N/A | N/A | N/A | N/A | N/A |
| Sand Fork | 0.31% | 0.56% | 0.56% | 0.71% | 1.42% |
| Shock | N/A | N/A | N/A | N/A | N/A |
| Smithville | N/A | N/A | N/A | N/A | N/A |
| Stumptown | 0.56% | 0.56% | 0.56% | 0.84% | 1.00% |
| Tanner | 0.56% | 0.56% | 1.12% | 1.12% | 1.17% |
| Troy | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Gilmer County, West Virginia
In Gilmer County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Gilmer County Appraisal District. The assessed value, however, 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. Assessment notices in Gilmer County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Alum Bridge has the highest median tax bill at $709, while Stumptown has the lowest at $123. Being aware of these valuation processes in Gilmer County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Gilmer County, West Virginia
Source: Ownwell
$12,600
$42,950
$73,300
Average Gilmer County Assessed Value
$54,050
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gilmer County, West Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alum Bridge | $63,600 | $63,600 | $63,600 | $63,600 | $63,600 |
| Big Springs | $9,840 | $27,100 | $54,300 | $90,400 | $123,960 |
| Burnsville | $3,600 | $27,550 | $52,650 | $93,575 | $114,200 |
| Cedarville | $1,480 | $22,200 | $57,050 | $75,625 | $124,950 |
| Coxs Mills | $5,790 | $32,575 | $64,750 | $96,625 | $140,640 |
| Gassaway | $22,400 | $44,375 | $71,050 | $112,775 | $121,730 |
| Glenville | $9,960 | $31,200 | $57,200 | $92,900 | $137,160 |
| Grantsville | N/A | N/A | N/A | N/A | N/A |
| Linn | N/A | N/A | N/A | N/A | N/A |
| New Milton | $44,090 | $51,125 | $62,850 | $74,575 | $81,610 |
| Normantown | N/A | N/A | N/A | N/A | N/A |
| Orlando | $9,240 | $30,700 | $43,700 | $89,150 | $141,600 |
| Perkins | N/A | N/A | N/A | N/A | N/A |
| Rosedale | N/A | N/A | N/A | N/A | N/A |
| Sand Fork | $4,080 | $26,900 | $49,600 | $73,300 | $107,660 |
| Shock | N/A | N/A | N/A | N/A | N/A |
| Smithville | N/A | N/A | N/A | N/A | N/A |
| Stumptown | $11,320 | $11,800 | $12,600 | $56,650 | $83,080 |
| Tanner | $27,720 | $44,350 | $73,300 | $101,050 | $125,900 |
| Troy | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Gilmer County, West Virginia
In Gilmer County, WV, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. The median home price in Gilmer County is $54,050. To determine the tax bill, local authorities apply the county’s tax rate to this assessed value. Various factors, such as property location, improvements, and market trends, influence the assessed value. For example, homeowners in Alum Bridge face the highest median tax bill at $709, while those in Stumptown experience the lowest at $123. The tax bill can vary significantly, with the 25th percentile at $178 and the 90th percentile reaching up to $870. These variations highlight the impact of property value and location on tax obligations. Homeowners must budget for these taxes, as they can influence overall housing affordability. Compared to the national median property tax rate of 0.99%, Gilmer County offers relatively lower property tax rates, making it an attractive option for budget-conscious homeowners.
Average Gilmer County Tax Bill
$350
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Gilmer County, West Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Alum Bridge | $709 | $709 | $709 | $709 | $709 |
| Big Springs | $96 | $190 | $316 | $511 | $722 |
| Burnsville | $44 | $100 | $273 | $446 | $691 |
| Cedarville | $32 | $141 | $264 | $429 | $730 |
| Coxs Mills | $74 | $208 | $402 | $563 | $923 |
| Gassaway | $116 | $175 | $266 | $638 | $982 |
| Glenville | $91 | $217 | $424 | $657 | $937 |
| Grantsville | N/A | N/A | N/A | N/A | N/A |
| Linn | N/A | N/A | N/A | N/A | N/A |
| New Milton | $229 | $240 | $259 | $277 | $288 |
| Normantown | N/A | N/A | N/A | N/A | N/A |
| Orlando | $52 | $148 | $296 | $502 | $790 |
| Perkins | N/A | N/A | N/A | N/A | N/A |
| Rosedale | N/A | N/A | N/A | N/A | N/A |
| Sand Fork | $57 | $172 | $320 | $481 | $768 |
| Shock | N/A | N/A | N/A | N/A | N/A |
| Smithville | N/A | N/A | N/A | N/A | N/A |
| Stumptown | $81 | $96 | $123 | $342 | $474 |
| Tanner | $273 | $382 | $652 | $811 | $1,192 |
| Troy | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell