Enterprise, West Virginia Property Taxes
The median property tax rate in Enterprise, WV is 0.70%, slightly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Enterprise at $53,200, the typical annual property tax bill is $366, significantly below the national median of $2,690. Property taxes in Enterprise are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Enterprise'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 Enterprise or another part of Harrison County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Enterprise, 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 Enterprise Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Enterprise with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Enterprise 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 Enterprise, West Virginia
Property taxes in Enterprise, West Virginia, play a crucial role in supporting essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Enterprise stands at 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Enterprise set these rates annually, and they can vary significantly across different neighborhoods. Each year, Enterprise 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 Enterprise's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 26568 has both the highest and lowest median property tax rate of 0.70%. Understanding how these areas compare with Enterprise provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Enterprise Tax Rate
0.70%
Average Harrison County Tax Rate
0.74%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Enterprise, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26568 | 0.29% | 0.44% | 0.70% | 1.40% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Enterprise, West Virginia
In Enterprise, 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 Harrison County Assessor's Office 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 Enterprise, 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 Enterprise helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Enterprise is $53,200, with tax bills ranging from $196 at the 25th percentile to $855 at the 90th percentile. The highest and lowest median tax bills are both $366, found in the 26568 zip code.
Average Enterprise Assessed Value
$53,200
Average Harrison County Assessed Value
$76,800
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Enterprise, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26568 | $8,100 | $31,100 | $53,200 | $73,800 | $109,000 |
Source: Ownwell
Property Tax Bills Across Enterprise, West Virginia
In Enterprise, located in Harrison County, WV, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is determined by the local tax assessor. Homeowners in Enterprise can expect their tax bill to be influenced by several factors, including the property's location, size, and any improvements made. For instance, the median home price in Enterprise is $53,200. Property tax rates in this region can vary, but the median tax bill is approximately $366, which is significantly lower than the national median property tax rate of 0.99%. The tax bill can range from $196 at the 25th percentile to $855 at the 90th percentile, indicating a wide variation based on property values and specific circumstances. These taxes are essential for funding local services such as schools, infrastructure, and emergency services. Understanding how property taxes are calculated can help homeowners in Enterprise plan their finances and anticipate their annual tax obligations.
Average Enterprise Tax Bill
$366
Average Harrison County Tax Bill
$688
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Enterprise, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26568 | $80 | $196 | $366 | $580 | $855 |
Source: Ownwell