Burton, West Virginia Property Taxes
The median property tax rate in Burton, WV is 0.69%, lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $70,000 in Burton, the typical annual property tax bill is $460, which is significantly less than the national median of $2,690. Property taxes in Burton 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 Burton'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 Burton or another part of Wetzel County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Burton, 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 Burton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burton 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 Burton, West Virginia
Property taxes in Burton, West Virginia, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Burton is 0.69%, which is lower than both the West Virginia state median of 0.57% and the U.S. national median of 0.99%. Local government entities within Burton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burton 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 Burton's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26562 zip code has the highest median property tax rate of 0.69%, while the same zip code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with Burton provides valuable insights into the varying tax landscape across Wetzel County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burton Tax Rate
0.69%
Average Wetzel County Tax Rate
0.69%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26562 | 0.36% | 0.51% | 0.69% | 0.69% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Burton, West Virginia
In Burton, 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 Wetzel 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 Burton, 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 Burton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Burton, the zip code with the highest median tax bill is 26562, with a median tax bill of $460, while the lowest median tax bill is also $460 in the same zip code.
Average Burton Assessed Value
$70,000
Average Wetzel County Assessed Value
$72,300
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26562 | $12,570 | $38,375 | $70,000 | $105,925 | $147,990 |
Source: Ownwell
Property Tax Bills Across Burton, West Virginia
In Burton, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Wetzel County, where Burton is located, uses this assessed value to apply the local tax rate, which determines the annual property tax bill. Several factors influence the tax bill, including the property's location, size, and any improvements made. Homeowners in Burton can expect a median home price of $70,000, with property tax bills ranging significantly. At the 25th percentile, the tax bill is around $228, while at the 75th percentile, it rises to $729. The 90th percentile sees tax bills reaching up to $1,041. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding how Burton's rates align with broader trends. These tax bills impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, thereby playing a crucial role in community development.
Average Burton Tax Bill
$460
Average Wetzel County Tax Bill
$518
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Burton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26562 | $96 | $228 | $460 | $729 | $1,041 |
Source: Ownwell