French Creek, West Virginia Property Taxes
The median property tax rate in French Creek, WV is 0.53%, considerably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in French Creek at $73,500, the typical annual property tax bill reaches $385, significantly below the national median of $2,690. Property taxes in French Creek are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding French Creek'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 French Creek 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
French Creek, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$390
Ownwell’s French Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in French Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in French Creek 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 French Creek, West Virginia
Property taxes in French Creek, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in French Creek is 0.53%, which is lower than the U.S. national median of 0.99%. Local government entities within French Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, French Creek 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 French Creek's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26218 zip code has the highest median property tax rate of 0.53%, while the same zip code also has the lowest median tax rate of 0.53%. Understanding how these cities compare with French Creek 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 French Creek 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 French Creek, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26218 | 0.33% | 0.46% | 0.53% | 0.53% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across French Creek, West Virginia
In French Creek, 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 Upshur 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 French Creek, 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. French Creek's median home price is $73,500, and being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 26218 has the highest median tax bill at $385, which is also the lowest median tax bill in the area.
Property Tax Assessment Values Across French Creek, West Virginia
Source: Ownwell
$31,200
$67,850
$104,500
Average French Creek Assessed Value
$73,500
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 French Creek, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26218 | $8,780 | $33,300 | $73,500 | $116,900 | $162,900 |
Source: Ownwell
Property Tax Bills Across French Creek, West Virginia
In French Creek, Upshur County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in French Creek, the median home price is $73,500. The property tax bill can vary significantly, with the 25th percentile at $177 and the 75th percentile reaching $617. At the 90th percentile, the tax bill can go up to $891. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, French Creek's rates are relatively moderate, making it an appealing location for homeowners seeking lower property taxes. However, the impact on homeowners can vary, with some paying significantly more or less than the median, depending on their property's assessed value and eligibility for exemptions.
Average French Creek Tax Bill
$385
Average Upshur County Tax Bill
$463
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across French Creek, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26218 | $77 | $177 | $385 | $617 | $891 |
Source: Ownwell