Clarksburg, West Virginia Property Taxes
The median property tax rate in Clarksburg, WV is 0.92%, slightly below the national median of 0.99% but higher than the West Virginia state median of 0.72%. With a median home value of $64,450, the typical annual property tax bill in Clarksburg reaches $625, which is significantly lower than the national median of $2,690. Property taxes in Clarksburg are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Clarksburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Clarksburg 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
Clarksburg, West Virginia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Clarksburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarksburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarksburg 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 Clarksburg, West Virginia
Property taxes in Clarksburg, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarksburg is 0.92%, lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Clarksburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarksburg 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 Clarksburg's effective property tax rate to other areas in West Virginia and the national median. For comparison, the 26301 zip code has the highest median property tax rate of 0.92%, while the 26302 zip code has the lowest median tax rate of 0.70%. Understanding how these areas compare with Clarksburg 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 Clarksburg Tax Rate
0.92%
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 Clarksburg, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26301 | 0.46% | 0.70% | 0.92% | 1.40% | 1.85% |
| 26302 | 0.30% | 0.59% | 0.70% | 1.37% | 1.40% |
| 26426 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Clarksburg, West Virginia
In Clarksburg, 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. 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. For instance, the highest median tax bill in Clarksburg is $626 in the 26301 zip code, while the lowest is $192 in the 26302 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clarksburg Assessed Value
$64,450
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 Clarksburg, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26301 | $12,900 | $35,900 | $64,700 | $101,300 | $156,100 |
| 26302 | $1,460 | $3,675 | $10,500 | $60,250 | $95,650 |
| 26426 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Clarksburg, West Virginia
In Clarksburg, located in Harrison County, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Clarksburg is $64,450. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors that influence the tax bill include property location, home improvements, and any applicable exemptions. In Clarksburg, the tax bill can vary significantly, with the 25th percentile at $333 and the 75th percentile reaching $1,008. For the highest 10% of tax bills, homeowners can expect to pay around $1,493. Comparatively, the highest median tax bill in the area is $626, found in the 26301 zip code, while the lowest is $192 in the 26302 zip code. These property taxes can significantly impact homeowners, affecting monthly mortgage payments and overall affordability. Understanding how these taxes are calculated can help homeowners better manage their finances and plan for future expenses.
Average Clarksburg Tax Bill
$625
Average Harrison County Tax Bill
$688
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarksburg, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26301 | $141 | $333 | $626 | $1,010 | $1,494 |
| 26302 | $32 | $55 | $192 | $515 | $940 |
| 26426 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell