Jacksonburg, West Virginia Property Taxes
The median property tax rate in Jacksonburg, WV is 0.65%, notably lower than the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Jacksonburg at $53,300, the typical annual property tax bill is $338, significantly below the national median of $2,690. Property taxes in Jacksonburg 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 Jacksonburg'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 Jacksonburg 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
Jacksonburg, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$346
Ownwell’s Jacksonburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jacksonburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jacksonburg 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 Jacksonburg, West Virginia
Property taxes in Jacksonburg, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jacksonburg is 0.54%, which is lower than both the West Virginia state median of 0.55% and the U.S. national median of 0.99%. Local government entities within Jacksonburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jacksonburg 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 Jacksonburg's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26377 zip code has the highest median property tax rate of 0.54%, while the 26377 zip code also has the lowest median tax rate of 0.54%. Understanding how these cities compare with Jacksonburg 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 Jacksonburg 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 Jacksonburg, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26377 | 0.36% | 0.65% | 0.65% | 0.65% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Jacksonburg, West Virginia
In Jacksonburg, 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 county's 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 Jacksonburg, 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 Jacksonburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $338, with the zip code 26377 reflecting this value.
Property Tax Assessment Values Across Jacksonburg, West Virginia
Source: Ownwell
$39,600
$63,800
$88,000
Average Jacksonburg Assessed Value
$53,300
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 Jacksonburg, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26377 | $7,180 | $26,100 | $53,300 | $87,200 | $113,260 |
Source: Ownwell
Property Tax Bills Across Jacksonburg, West Virginia
In Jacksonburg, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the market value of the property. Homeowners in Jacksonburg experience a range of property tax bills, with the 25th percentile paying around $170 and the 75th percentile paying approximately $539. The 90th percentile sees tax bills reaching up to $744. These figures are influenced by various factors, including property size, location, and improvements made to the home. Compared to the national median property tax rate of 0.99%, Jacksonburg’s rates can be relatively affordable, making it a potentially attractive location for homeowners. However, the median tax bill in the highest and lowest zip code within the county is $338, highlighting some variability depending on the specific area within Jacksonburg. Understanding these factors can help homeowners better anticipate their property tax obligations and manage their finances accordingly.
Average Jacksonburg Tax Bill
$338
Average Tyler County Tax Bill
$399
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Jacksonburg, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26377 | $61 | $170 | $338 | $539 | $744 |
Source: Ownwell