Maxwelton, West Virginia Property Taxes
The median property tax rate in Maxwelton, WV is 0.57%, considerably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Maxwelton at $132,750, the typical annual property tax bill reaches $721, significantly below the national median of $2,690. Property taxes in Maxwelton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Maxwelton'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 Maxwelton or another part of Greenbrier County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Maxwelton, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.57%
Estimate Property Tax Bill
$757
Ownwell’s Maxwelton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maxwelton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maxwelton 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 Maxwelton, West Virginia
Property taxes in Maxwelton, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maxwelton is 0.57%, lower than the U.S. national median of 0.99%. Local government entities within Maxwelton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maxwelton 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 Maxwelton's effective property tax rate to other areas in Greenbrier County and the national median. For comparison, the 24957 zip code has the highest median property tax rate of 0.57%, while the same zip code also has the lowest median tax rate of 0.57%. Understanding how these areas compare with Maxwelton 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 Maxwelton Tax Rate
0.57%
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 Maxwelton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24957 | 0.36% | 0.47% | 0.57% | 0.57% | 0.57% |
Source: Ownwell
Property Tax Assessment Values Across Maxwelton, West Virginia
In Maxwelton, West Virginia, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Assessor's Office 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 Maxwelton, 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 Maxwelton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $721.00 in the 24957 zip code, compared to the national median property tax rate of 0.99%.
Average Maxwelton Assessed Value
$132,750
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 Maxwelton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24957 | $57,680 | $84,350 | $132,750 | $244,650 | $336,750 |
Source: Ownwell
Property Tax Bills Across Maxwelton, West Virginia
In Maxwelton, Greenbrier County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The property tax rate is applied to this assessed value to determine the annual tax bill. For example, with a median home price of $132,750, homeowners can expect their tax bill to vary significantly. At the 25th percentile, the tax bill is around $431, while at the 75th percentile, it can reach up to $1,449. The 90th percentile sees tax bills as high as $1,930. Several factors influence these calculations, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Greenbrier County offers a relatively affordable tax environment. However, the variability in tax bills means homeowners need to be aware of how changes in assessed value and tax rates can impact their annual obligations. Understanding these factors helps homeowners better manage their budgets and anticipate future tax liabilities.
Average Maxwelton Tax Bill
$721
Average Greenbrier County Tax Bill
$454
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Maxwelton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24957 | $187 | $431 | $721 | $1,449 | $1,930 |
Source: Ownwell