Burlington, West Virginia Property Taxes
The median property tax rate in Burlington, WV is 0.72%, aligning with the state median but lower than the national median of 0.99%. With the median home value in Burlington at $79,550, the typical annual property tax bill is $548, significantly below the national median of $2,690. Property taxes in Burlington 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 Burlington's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Burlington or another part of Mineral County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Burlington, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$573
Ownwell’s Burlington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burlington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burlington 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 Burlington, West Virginia
Property taxes in Burlington, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burlington is 0.72%, notably lower than the U.S. national median of 0.99%. Local government entities within Burlington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burlington 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 Burlington's effective property tax rate to other areas in West Virginia and the national median. For comparison, the zip code 26710 has both the highest and the lowest median property tax rate in Mineral County, standing at 0.72%. Understanding how these areas compare with Burlington provides valuable insights into the varying tax landscape across Mineral County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burlington Tax Rate
0.72%
Average Mineral County Tax Rate
0.72%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burlington, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26710 | 0.44% | 0.64% | 0.72% | 0.72% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Burlington, West Virginia
In Burlington, 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 Mineral 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 Burlington, 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 Burlington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Burlington is $79,550, with tax bills ranging from $302 at the 25th percentile to $1,242 at the 90th percentile. The zip code with the highest median tax bill of $548 is 26710, which is also the lowest median tax bill in the region.
Property Tax Assessment Values Across Burlington, West Virginia
Source: Ownwell
$28,200
$78,150
$128,100
Average Burlington Assessed Value
$79,550
Average Mineral County Assessed Value
$84,700
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burlington, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26710 | $13,820 | $39,200 | $79,550 | $123,925 | $175,160 |
Source: Ownwell
Property Tax Bills Across Burlington, West Virginia
In Burlington, located in Mineral County, WV, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is typically a percentage of the home's market value. Homeowners in Burlington can expect their tax bill to fall within a range, with the 25th percentile at $302 and the 75th percentile at $882. At the higher end, the 90th percentile tax bill reaches $1,242. The median home price in Burlington is $79,550, and with the national median property tax rate at 0.99%, Burlington's property tax rates are relatively moderate. For instance, the highest median tax bill in the area is $548, found in the 26710 zip code. These factors collectively influence the financial burden on homeowners, affecting their annual budgeting and long-term investment in property. Understanding these elements helps homeowners anticipate their tax obligations and plan accordingly.
Average Burlington Tax Bill
$548
Average Mineral County Tax Bill
$634
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Burlington, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26710 | $128 | $302 | $548 | $882 | $1,242 |
Source: Ownwell