Cleveland, West Virginia Property Taxes
The median property tax rate in Cleveland, WV is 0.53%, 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 Cleveland being $97,800, the typical annual property tax bill is $356, far below the national median of $2,690. Property taxes in Cleveland 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 Cleveland'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 Cleveland or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cleveland, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$518
Ownwell’s Cleveland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cleveland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cleveland 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 Cleveland, West Virginia
Property taxes in Cleveland, 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 Cleveland is 0.53%, which is lower than the U.S. national median of 0.99%. Local government entities within Cleveland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cleveland 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 Cleveland's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26215 zip code has both the highest and lowest median property tax rate of 0.53%. Understanding how these areas compare with Cleveland provides valuable insights into the varying tax landscape across Upshur County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cleveland Tax Rate
0.53%
Average Upshur County Tax Rate
0.53%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cleveland, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26215 | 0.39% | 0.44% | 0.53% | 0.53% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Cleveland, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Cleveland, 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 the Upshur County 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 Cleveland, 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 Cleveland is $97,800, with annual property tax bills ranging from $225 at the 25th percentile to $482 at the 90th percentile. The highest and lowest median tax bills are both $356, found in zip code 26215. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cleveland Assessed Value
$97,800
Average Upshur County Assessed Value
$85,400
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cleveland, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26215 | $33,880 | $57,850 | $97,800 | $99,450 | $100,440 |
Source: Ownwell
Property Tax Bills Across Cleveland, West Virginia
In Cleveland, Upshur County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. For example, with a median home price of $97,800, homeowners can expect varying tax bills depending on their specific property value and applicable exemptions. The tax bill for the 25th percentile is around $225, while the 75th percentile sees bills closer to $435. The 90th percentile tax bill reaches approximately $482. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Homeowners in Cleveland experience property tax rates that may be lower than the national median rate of 0.99%, making it an appealing area for those looking to manage their expenses effectively.
Average Cleveland Tax Bill
$356
Average Upshur County Tax Bill
$463
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Cleveland, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26215 | $146 | $225 | $356 | $435 | $482 |
Source: Ownwell