Bethlehem, West Virginia Property Taxes
The median property tax rate in Bethlehem, WV is 0.88%, which is 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 $64,700 in Bethlehem, the typical annual property tax bill amounts to $546, significantly below the national median of $2,690. Property taxes in Bethlehem are based on the assessed value, which often falls below the market value due to exemptions like the primary residence exemption. Navigating Bethlehem's property tax system, exploring available exemptions, and finding opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Bethlehem or elsewhere in the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bethlehem, 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 Bethlehem Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bethlehem with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bethlehem 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 Bethlehem, West Virginia
Property taxes in Bethlehem, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bethlehem is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Bethlehem set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bethlehem 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 Bethlehem's effective property tax rate to other areas in Ohio County and the national median. For comparison, the zip code 26003 has both the highest and the lowest median property tax rate of 0.88%. Understanding how these areas compare with Bethlehem provides valuable insights into the varying tax landscape across Ohio County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bethlehem Tax Rate
0.88%
Average Ohio County Tax Rate
0.89%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bethlehem, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26003 | 0.71% | 0.88% | 0.88% | 1.32% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Bethlehem, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bethlehem, West Virginia. 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 Ohio 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 Bethlehem, 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. The highest and lowest median tax bills in the area are both $546.00, found in the 26003 zip code. Being aware of these valuation processes in Bethlehem helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bethlehem Assessed Value
$64,700
Average Ohio County Assessed Value
$94,700
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bethlehem, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26003 | $45,880 | $58,050 | $64,700 | $74,200 | $84,580 |
Source: Ownwell
Property Tax Bills Across Bethlehem, West Virginia
In Bethlehem, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Bethlehem is $64,700. The local tax rate is applied to this assessed value to determine the annual tax bill. Various factors influence this calculation, including property size, location, and any applicable exemptions or abatements. Homeowners in Bethlehem experience a wide range of tax bills. For instance, those in the 25th percentile pay around $402 annually, while those in the 75th percentile face bills of approximately $987. At the 90th percentile, tax bills can reach up to $1,236. These figures illustrate the variability in property tax burdens across different homes and neighborhoods. Compared to the national median property tax rate of 0.99%, Bethlehem's property tax rates can be quite varied, impacting homeowners differently depending on their property's assessed value and specific circumstances. This variability underscores the importance of understanding how local property taxes are calculated and their potential financial impact.
Average Bethlehem Tax Bill
$546
Average Ohio County Tax Bill
$851
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Bethlehem, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26003 | $313 | $402 | $546 | $987 | $1,236 |
Source: Ownwell