Ellenboro, West Virginia Property Taxes
The median property tax rate in Ellenboro, WV is 0.65%, 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 Ellenboro, the typical annual property tax bill is $294, far below the national median of $2,690. Property taxes in Ellenboro 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 Ellenboro'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 Ellenboro 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
Ellenboro, 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 Ellenboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ellenboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ellenboro 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 Ellenboro, West Virginia
Property taxes in Ellenboro, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ellenboro is 0.65%, lower than the U.S. national median of 0.99%. Local government entities within Ellenboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ellenboro 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 Ellenboro's effective property tax rate to other counties in West Virginia and the national median. For comparison, the highest median property tax rate in the region is also 0.65%, while the lowest median tax rate is similarly 0.65%. Understanding how these cities compare with Ellenboro provides valuable insights into the varying tax landscape across Tyler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ellenboro Tax Rate
0.65%
Average Tyler County Tax Rate
0.65%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ellenboro, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26346 | 0.47% | 0.54% | 0.65% | 0.65% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Ellenboro, West Virginia
In Ellenboro, 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 local 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 Ellenboro, 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. For instance, the highest median tax bill in the area is $294 in the 26346 zip code, while the lowest median tax bill is also $294 in the same zip code. 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 Ellenboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ellenboro Assessed Value
$44,800
Average Tyler County Assessed Value
$59,000
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ellenboro, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26346 | $22,720 | $31,000 | $44,800 | $70,200 | $85,440 |
Source: Ownwell
Property Tax Bills Across Ellenboro, West Virginia
In Ellenboro, located in Tyler 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 market value. Homeowners in Ellenboro can expect their property tax bills to vary, with the 25th percentile tax bill being around $203 and the 75th percentile reaching $350. The highest median tax bill in the area is $294, which is notably lower than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For homeowners, this means that understanding the assessed value of their property and the local tax rate is crucial to anticipating their annual tax obligations. Lower property tax bills in Ellenboro can make homeownership more affordable, but it also means that local services funded by these taxes may receive less revenue compared to regions with higher tax rates.
Average Ellenboro Tax Bill
$294
Average Tyler County Tax Bill
$399
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Ellenboro, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26346 | $149 | $203 | $294 | $350 | $384 |
Source: Ownwell