Rowlesburg, West Virginia Property Taxes
The median property tax rate in Rowlesburg, WV is 0.64%, which is lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Rowlesburg at $49,350, the typical annual property tax bill is $346, significantly below the national median of $2,690. Property taxes in Rowlesburg are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Rowlesburg'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 Rowlesburg or another part of Preston County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Rowlesburg, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$316
Ownwell’s Rowlesburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rowlesburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rowlesburg 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 Preston County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Rowlesburg, West Virginia
Property taxes in Rowlesburg, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rowlesburg is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Rowlesburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rowlesburg 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 Rowlesburg's effective property tax rate to other areas in West Virginia and the national median. For comparison, the 26425 zip code has both the highest and lowest median property tax rate of 0.64%. Understanding how these cities compare with Rowlesburg provides valuable insights into the varying tax landscape across Preston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rowlesburg Tax Rate
0.64%
Average Preston County Tax Rate
0.64%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rowlesburg, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26425 | 0.31% | 0.50% | 0.64% | 0.79% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Rowlesburg, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rowlesburg, 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 Preston County 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 Rowlesburg, 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 Rowlesburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rowlesburg is $49,350, with tax bills ranging from $178 at the 25th percentile to $896 at the 90th percentile. The highest and lowest median tax bill is $346 in zip code 26425.
Property Tax Assessment Values Across Rowlesburg, West Virginia
Source: Ownwell
$22,100
$93,000
$163,900
Average Rowlesburg Assessed Value
$49,350
Average Preston County Assessed Value
$68,500
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rowlesburg, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26425 | $6,670 | $26,000 | $49,350 | $79,175 | $126,180 |
Source: Ownwell
Property Tax Bills Across Rowlesburg, West Virginia
In Rowlesburg, property tax bills are calculated based on the assessed value of the property, which is typically a percentage of the market value. The tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $49,350, homeowners can expect a range of tax bills. At the 25th percentile, the tax bill is around $178, while at the 75th percentile, it rises to approximately $600. The 90th percentile sees tax bills as high as $896. The highest and lowest median tax bills in Preston County are both $346, indicating a relatively uniform tax rate across different areas. These property taxes fund essential local services such as schools, public safety, and infrastructure. For homeowners, understanding these factors is crucial as property taxes are a significant annual expense that can impact overall housing affordability. Compared to the national median property tax rate of 0.99%, Rowlesburg's rates offer a more affordable option for residents.
Average Rowlesburg Tax Bill
$346
Average Preston County Tax Bill
$473
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Rowlesburg, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26425 | $79 | $178 | $346 | $600 | $896 |
Source: Ownwell