Little Birch, West Virginia Property Taxes
The median property tax rate in Little Birch, WV, is 0.46%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $59,800 in Little Birch, the typical annual property tax bill is around $329, which is considerably less than the national median of $2,690. Property taxes in Little Birch are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding the property tax system in Little Birch, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're residing in Little Birch or investing in real estate, gaining insight into the local property tax structure is beneficial for both homeowners and investors.
Last Updated June 14, 2024
Little Birch, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.46%
Estimate Property Tax Bill
$275
Ownwell’s LITTLE BIRCH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LITTLE BIRCH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LITTLE BIRCH 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 Little Birch, West Virginia
Property taxes in Little Birch, 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 Little Birch is 0.46%, which is lower than the U.S. national median of 0.99%. Local government entities within Little Birch set these rates annually, and they can vary significantly across different neighborhoods. Each year, Little Birch 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 Little Birch's effective property tax rate to other areas in Braxton County and the national median. For comparison, the zip code 26629 has the highest and the lowest median property tax rate of 0.46%. Understanding how these areas compare with Little Birch 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 Little Birch 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 Little Birch, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26629 | 0.26% | 0.33% | 0.46% | 0.47% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Little Birch, West Virginia
In Little Birch, 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 Little Birch, 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 Little Birch helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $329 in the 26629 zip code, while the lowest median tax bill is also $329 in the same zip code.
Property Tax Assessment Values Across Little Birch, West Virginia
Source: Ownwell
$27,000
$107,550
$188,100
Average Little Birch Assessed Value
$59,800
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 Little Birch, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26629 | $7,480 | $33,300 | $59,800 | $101,000 | $131,520 |
Source: Ownwell
Property Tax Bills Across Little Birch, West Virginia
In Little Birch, located in Braxton County, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Little Birch is $59,800, with tax bills ranging from $166 at the 25th percentile to $642 at the 90th percentile. The highest median tax bill in the area is $329, which is notably lower than the national median property tax rate of 0.99%. Factors such as property size, home improvements, and changes in market conditions can influence the assessed value. For homeowners, this means that their property tax bill can fluctuate annually, impacting their overall housing costs. Understanding these factors helps homeowners anticipate their tax obligations and budget accordingly.
Average Little Birch Tax Bill
$329
Average Braxton County Tax Bill
$333
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Little Birch, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26629 | $97 | $166 | $329 | $432 | $642 |
Source: Ownwell