Leslie, West Virginia Property Taxes
The median property tax rate in Leslie, WV is 1.15%, considerably higher than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Leslie, the typical annual property tax bill reaches $151, which is significantly lower than the national median of $2,690. Property taxes in Leslie are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Leslie'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 Leslie 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
Leslie, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$245
Ownwell’s Leslie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leslie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leslie 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 Leslie, West Virginia
Property taxes in Leslie, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leslie is 1.15%, higher than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Leslie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leslie 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 Leslie's effective property tax rate to other areas in West Virginia and the national median. For comparison, the 25972 zip code has both the highest and lowest median property tax rate of 1.15%. Understanding how these areas compare with Leslie provides valuable insights into the varying tax landscape across Greenbrier County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leslie Tax Rate
1.15%
Average Greenbrier County Tax Rate
0.57%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leslie, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25972 | 0.57% | 0.57% | 1.15% | 1.15% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Leslie, West Virginia
In Leslie, 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 Greenbrier 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 Leslie, 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 Leslie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Leslie is $151, found in the 25972 zip code.
Average Leslie Assessed Value
$21,300
Average Greenbrier County Assessed Value
$70,500
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leslie, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25972 | $4,370 | $11,750 | $21,300 | $32,500 | $41,950 |
Source: Ownwell
Property Tax Bills Across Leslie, West Virginia
In Leslie, Greenbrier County, WV, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $21,300, homeowners can expect their tax bills to vary significantly. The tax bill at the 25th percentile is $74, while at the 75th percentile, it rises to $223, and at the 90th percentile, it reaches $376. These variations are influenced by factors such as property location, improvements, and local tax rates. Compared to the national median property tax rate of 0.99%, Leslie's rates can be considered relatively modest. However, even modest tax bills can impact homeowners, affecting their overall housing costs and financial planning. Understanding these factors helps homeowners anticipate and manage their property tax obligations more effectively.
Average Leslie Tax Bill
$151
Average Greenbrier County Tax Bill
$454
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Leslie, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25972 | $28 | $74 | $151 | $223 | $376 |
Source: Ownwell