Asbury, West Virginia Property Taxes
The median property tax rate in Asbury, WV is 0.57%, considerably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Asbury, the typical annual property tax bill reaches $472, significantly below the national median of $2,690. Property taxes in Asbury are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Asbury'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 Asbury 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
Asbury, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$479
Ownwell’s Asbury Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Asbury with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Asbury 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 Asbury, West Virginia
Property taxes in Asbury, West Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Asbury is 0.57%, which is lower than the U.S. national median of 0.99%. Local government entities within Asbury set these rates annually, and they can vary significantly across different neighborhoods. Each year, Asbury 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 Asbury's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 24916 has both the highest and lowest median property tax rate of 0.57%. Understanding how these cities compare with Asbury provides valuable insights into the varying tax landscape across Greenbrier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Asbury Tax Rate
0.57%
Average Greenbrier County Tax Rate
0.57%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Asbury, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24916 | 0.37% | 0.48% | 0.57% | 0.57% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Asbury, West Virginia
In Asbury, 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 Greenbrier County Appraisal District 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 Asbury, 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 Asbury helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Asbury Assessed Value
$84,000
Average Greenbrier County Assessed Value
$70,500
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Asbury, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24916 | $17,690 | $42,950 | $84,000 | $143,325 | $206,510 |
Source: Ownwell
Property Tax Bills Across Asbury, West Virginia
In Asbury, Greenbrier County, WV, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Factors such as property size, location, and any improvements can influence the assessed value. For homeowners in Asbury, the median home price is $84,000. The tax bill can vary significantly, with the 25th percentile at $274 and the 75th percentile reaching $737. At the 90th percentile, homeowners may pay as much as $1,168 annually. Comparatively, the highest and lowest median tax bills in the area are both $472, located in the 24916 zip code. These property taxes contribute to funding local services and infrastructure, directly affecting homeowners' financial planning and community resources.
Average Asbury Tax Bill
$472
Average Greenbrier County Tax Bill
$454
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Asbury, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24916 | $120 | $274 | $472 | $737 | $1,168 |
Source: Ownwell