Bridgeport, West Virginia Property Taxes
The median property tax rate in Bridgeport, WV is 0.91%, which is lower than the national median of 0.99% but higher than the West Virginia state median of 0.72%. With the median home value in Bridgeport at $193,350, the typical annual property tax bill reaches $1,701, falling below the national median of $2,690. Property taxes in Bridgeport are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bridgeport'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 Bridgeport 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
Bridgeport, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$1,759
Ownwell’s Bridgeport Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bridgeport with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Bridgeport 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, further localized information is available below. Your property’s assessed value is determined by Harrison County for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Bridgeport, West Virginia
Property taxes in Bridgeport, 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 Bridgeport is 0.91%, which is lower than the U.S. national median of 0.99%. Local government entities within Bridgeport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bridgeport 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 Bridgeport's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26330 zip code has the highest median property tax rate of 0.91%, while the same 26330 zip code also has the lowest median tax rate of 0.91%. Understanding how these cities compare with Bridgeport provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bridgeport Tax Rate
0.91%
Average Harrison County Tax Rate
0.74%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bridgeport, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26330 | 0.65% | 0.70% | 0.91% | 0.91% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Bridgeport, West Virginia
In Bridgeport, 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 Harrison 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 Bridgeport, 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 Bridgeport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 26330 has the highest and lowest median tax bill at $1701.
Average Bridgeport Assessed Value
$193,350
Average Harrison County Assessed Value
$76,800
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bridgeport, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26330 | $71,750 | $127,600 | $193,350 | $289,225 | $408,100 |
Source: Ownwell
Property Tax Bills Across Bridgeport, West Virginia
In Bridgeport, WV, located in Harrison County, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate, also known as the millage rate, is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and any improvements made to the property can influence the assessed value. For homeowners in Bridgeport, the median home price stands at $193,350. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,086 and the 75th percentile reaching $2,543. For those in the 90th percentile, tax bills can go up to $3,620. The highest and lowest median tax bill in the area both stand at $1,701, concentrated in the zip code 26330. Compared to the national median property tax rate of 0.99%, Bridgeport's property taxes can be a considerable expense for homeowners, making it essential to understand the factors that influence these costs.
Average Bridgeport Tax Bill
$1,701
Average Harrison County Tax Bill
$688
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Bridgeport, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26330 | $572 | $1,086 | $1,701 | $2,543 | $3,620 |
Source: Ownwell