Brandywine, West Virginia Property Taxes
The median property tax rate in Brandywine, WV is 0.41%, 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 Brandywine at $103,500, the typical annual property tax bill is $420, far below the national median of $2,690. Property taxes in Brandywine are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Brandywine'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 Brandywine 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
Brandywine, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$424
Ownwell’s Brandywine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brandywine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brandywine 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 Brandywine, West Virginia
Property taxes in Brandywine, 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 Brandywine is 0.41%, significantly lower than the U.S. national median of 0.99%. Local government entities within Brandywine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brandywine 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 Brandywine's effective property tax rate to other areas in Pendleton County and the national median. For comparison, the zip code 26802 has both the highest and lowest median property tax rate of 0.41%. Understanding how these areas compare with Brandywine provides valuable insights into the varying tax landscape across Pendleton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brandywine Tax Rate
0.41%
Average Pendleton County Tax Rate
0.41%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brandywine, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26802 | 0.30% | 0.41% | 0.41% | 0.41% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Brandywine, West Virginia
In Brandywine, 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 Pendleton 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 Brandywine, 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 Brandywine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Brandywine is $420 in zip code 26802, while the lowest median tax bill is also $420 in the same zip code. The median home price in this area is $103,500, with tax bills ranging from $233 at the 25th percentile to $1,051 at the 90th percentile.
Property Tax Assessment Values Across Brandywine, West Virginia
Source: Ownwell
$64,700
$114,250
$163,800
Average Brandywine Assessed Value
$103,500
Average Pendleton County Assessed Value
$98,400
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brandywine, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26802 | $19,400 | $55,400 | $103,500 | $159,250 | $248,650 |
Source: Ownwell
Property Tax Bills Across Brandywine, West Virginia
In Brandywine, property tax bills are determined by assessing the market value of a home and applying the local tax rate set by Pendleton County. Homeowners in Brandywine can expect property tax bills to vary significantly based on the value of their property. For example, the median home price in the area is $103,500. The tax bill for properties at the 25th percentile is around $233, while those at the 75th percentile can see bills as high as $679. At the 90th percentile, tax bills can reach up to $1,051. These taxes are crucial for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Brandywine's tax rates can be considered relatively moderate. Homeowners should be aware that the assessed value of their property and the corresponding tax bill can have a significant impact on their annual expenses. Understanding these factors can help residents plan their finances more effectively.
Average Brandywine Tax Bill
$420
Average Pendleton County Tax Bill
$396
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Brandywine, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26802 | $87 | $233 | $420 | $679 | $1,051 |
Source: Ownwell