Eccles, West Virginia Property Taxes
The median property tax rate in Eccles, WV is 0.72%, aligning with the state median but lower than the national median of 0.99%. With the median home value in Eccles at $20,100, the typical annual property tax bill is $126, significantly below the national median of $2,690. Property taxes in Eccles are determined based on the tax assessed value, which is often lower than the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Eccles'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 Eccles or another part of Raleigh County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Eccles, 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 Eccles Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eccles with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eccles 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 Eccles, West Virginia
Property taxes in Eccles, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eccles is 0.72%, lower than the U.S. national median of 0.99%. Local government entities within Eccles set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eccles 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 Eccles's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25836 zip code has the highest median property tax rate of 0.72%, while the same zip code also has the lowest median tax rate of 0.72%. Understanding how these areas compare with Eccles provides valuable insights into the varying tax landscape across Raleigh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eccles Tax Rate
0.72%
Average Raleigh County Tax Rate
0.72%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eccles, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25836 | 0.25% | 0.72% | 0.72% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Eccles, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Eccles, West Virginia. The market value represents 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 Raleigh 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 Eccles, 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. The median home price in Eccles is $20,100, with tax bills ranging from $43 at the 25th percentile to $411 at the 90th percentile. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Awareness of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Eccles Assessed Value
$20,100
Average Raleigh County Assessed Value
$52,200
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eccles, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25836 | $5,360 | $8,500 | $20,100 | $34,500 | $54,140 |
Source: Ownwell
Property Tax Bills Across Eccles, West Virginia
In Eccles, located in Raleigh County, WV, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate to calculate the annual tax bill. Homeowners in Eccles experience a range of property tax bills, with the 25th percentile paying around $43 annually, while those in the 75th percentile pay approximately $270. The tax bill for the 90th percentile climbs to $411. Factors such as the home's market value and any applicable exemptions play a crucial role in determining the final tax bill. For instance, the highest median tax bill in the area is $126, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax burden can make homeownership more affordable, but it also means fewer funds for local services like schools and infrastructure.
Average Eccles Tax Bill
$126
Average Raleigh County Tax Bill
$419
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Eccles, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25836 | $32 | $43 | $126 | $270 | $411 |
Source: Ownwell