Ireland, West Virginia Property Taxes
The median property tax rate in Ireland, WV is 0.46%, 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 Ireland at $61,400, the typical annual property tax bill is $278, well below the national median of $2,690. Property taxes in Ireland are determined based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Ireland's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Ireland or another part of Braxton County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ireland, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$282
Ownwell’s Ireland Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Ireland, WV. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Ireland to provide an accurate property tax bill estimate. This valuable tool helps you understand potential tax liabilities, ensuring you are well-prepared for any financial obligations. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Remember, your property’s assessed value is determined by the county for tax calculations and includes any applicable exemptions.
Property Tax Rates Across Ireland, West Virginia
Property taxes in Ireland, West Virginia, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ireland is 0.46%, lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Ireland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ireland 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 Ireland's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26376 zip code has the highest median property tax rate of 0.46%, while the 26376 zip code also has the lowest median tax rate of 0.46%. Understanding how these cities compare with Ireland provides valuable insights into the varying tax landscape across Braxton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ireland Tax Rate
0.46%
Average Braxton County Tax Rate
0.46%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ireland, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26376 | 0.26% | 0.40% | 0.46% | 0.46% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Ireland, West Virginia
In Ireland, 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 Braxton 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 Ireland, 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 Ireland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $278.00 in the zip code 26376, reflecting a significant range in property tax expenses.
Average Ireland Assessed Value
$61,400
Average Braxton County Assessed Value
$63,900
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ireland, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26376 | $21,800 | $39,200 | $61,400 | $98,250 | $137,400 |
Source: Ownwell
Property Tax Bills Across Ireland, West Virginia
In Ireland, located in Braxton County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Ireland, the median home price is $61,400. The tax bills can vary significantly, with the 25th percentile at $182 and the 75th percentile reaching $470. At the 90th percentile, homeowners might see tax bills as high as $802. These tax bills are influenced by various factors, including the market value of the property, any applicable exemptions, and the specific tax rate set by local authorities. Compared to the national median property tax rate of 0.99%, Ireland's property tax rates are relatively modest, providing some financial relief to homeowners. Understanding these factors can help homeowners better anticipate their annual property tax obligations and manage their finances more effectively.
Average Ireland Tax Bill
$278
Average Braxton County Tax Bill
$333
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Ireland, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26376 | $101 | $182 | $278 | $470 | $802 |
Source: Ownwell