Glenville, West Virginia Property Taxes
The median property tax rate in Glenville, WV is 0.56%, 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 Glenville at $57,200, the typical annual property tax bill amounts to $424, well below the national median of $2,690. Property taxes in Glenville 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 Glenville'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 Glenville or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glenville, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$320
Ownwell’s Glenville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Glenville with just two data inputs. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glenville to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, you can scroll down to find more localized information. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Glenville, West Virginia
Property taxes in Glenville, 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 Glenville is 0.56%, which is lower than the U.S. national median of 0.99%. Local government entities within Glenville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glenville 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 Glenville's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 26351 has the highest median property tax rate of 0.56%, while the same zip code also has the lowest median tax rate of 0.56%. Understanding how these cities compare with Glenville provides valuable insights into the varying tax landscape across Gilmer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glenville Tax Rate
0.56%
Average Gilmer County Tax Rate
0.56%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glenville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26351 | 0.33% | 0.56% | 0.56% | 1.12% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Glenville, West Virginia
In Glenville, 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 Gilmer 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 Glenville, 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 Glenville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Glenville is $57,200, with annual tax bills ranging from $217 at the 25th percentile to $937 at the 90th percentile. The highest and lowest median tax bills, both at $424, are found in zip code 26351.
Average Glenville Assessed Value
$57,200
Average Gilmer County Assessed Value
$54,050
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glenville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26351 | $9,960 | $31,200 | $57,200 | $92,900 | $137,160 |
Source: Ownwell
Property Tax Bills Across Glenville, West Virginia
Property tax bills in Glenville, located in Gilmer County, WV, are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. In Glenville, the median home price is $57,200. Homeowners' tax bills are influenced by this assessed value and the local tax rate. Factors such as property improvements, market conditions, and neighborhood trends can affect the assessed value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. In Glenville, tax bills can vary significantly. For instance, the 25th percentile tax bill is $217, while the 75th percentile reaches $657, and the 90th percentile can go up to $937. These property taxes directly impact homeowners by contributing to local services such as schools, public safety, and infrastructure. Understanding how these taxes are calculated helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Glenville Tax Bill
$424
Average Gilmer County Tax Bill
$350
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Glenville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26351 | $91 | $217 | $424 | $657 | $937 |
Source: Ownwell