Wilsie, West Virginia Property Taxes
The median property tax rate in Wilsie, WV is 0.38%, 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 Wilsie at $188,100, the typical annual property tax bill is $716, well below the national median of $2,690. Property taxes in Wilsie 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 Wilsie’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 Wilsie 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
Wilsie, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$715
Ownwell’s Wilsie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wilsie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wilsie 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 Wilsie, West Virginia
Property taxes in Wilsie, 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 Wilsie is 0.41%, significantly lower than both the West Virginia state median of 0.57% and the U.S. national median of 0.99%. Local government entities within Wilsie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wilsie 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 Wilsie's effective property tax rate to other counties in West Virginia and the national median. For comparison, the highest median property tax rate in the region is 0.71%, while the lowest median tax rate is 0.35%. Understanding how these cities compare with Wilsie 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 Wilsie Tax Rate
0.38%
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 Wilsie, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26623 | 0.38% | 0.38% | 0.38% | 0.38% | 0.38% |
Source: Ownwell
Property Tax Assessment Values Across Wilsie, West Virginia
In Wilsie, 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 Wilsie, 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 Wilsie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Braxton County is $716, found in the 26623 zip code, which also has the lowest median tax bill of $716.
Average Wilsie Assessed Value
$188,100
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 Wilsie, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26623 | $188,100 | $188,100 | $188,100 | $188,100 | $188,100 |
Source: Ownwell
Property Tax Bills Across Wilsie, West Virginia
In Wilsie, located in Braxton County, WV, property tax bills are calculated based on the assessed value of a property, which is then multiplied by the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. For homeowners in Wilsie, the median home price is $188,100. The tax rate in this region is significantly lower than the national median property tax rate of 0.99%, resulting in relatively modest tax bills. For example, the 25th, 75th, and 90th percentile tax bills are all $716, showcasing a consistent tax burden across different property values within the area. This uniformity provides predictability for homeowners, allowing for better financial planning. While the highest and lowest median tax bills are both $716 in the zip code 26623, this indicates a stable and predictable property tax environment, which can be advantageous for homeowners when budgeting for annual expenses.
Average Wilsie Tax Bill
$716
Average Braxton County Tax Bill
$333
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Wilsie, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26623 | $716 | $716 | $716 | $716 | $716 |
Source: Ownwell