Granville, West Virginia Property Taxes
The median property tax rate in Granville, WV is 0.79%, 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 Granville at $56,900, the typical annual property tax bill amounts to $539, significantly below the national median of $2,690. Property taxes in Granville are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Granville'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 Granville 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
Granville, 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 Granville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Granville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Granville 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 Granville, West Virginia
Property taxes in Granville, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Granville is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within Granville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Granville 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 Granville's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 26534 has both the highest and lowest median property tax rate of 0.79%. Understanding how these areas compare with Granville provides valuable insights into the varying tax landscape across Monongalia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Granville Tax Rate
0.79%
Average Monongalia County Tax Rate
0.64%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Granville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26534 | 0.42% | 0.79% | 0.79% | 1.58% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Granville, West Virginia
In Granville, 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 Monongalia 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 Granville, 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 Granville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 26534, both at $539, reflecting the relatively uniform property tax landscape in the area.
Property Tax Assessment Values Across Granville, West Virginia
Source: Ownwell
$18,150
$102,575
$187,000
Average Granville Assessed Value
$56,900
Average Monongalia County Assessed Value
$146,600
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Granville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26534 | $20,460 | $42,300 | $56,900 | $76,100 | $93,900 |
Source: Ownwell
Property Tax Bills Across Granville, West Virginia
Property tax bills in Granville, Monongalia County, WV are determined based on the assessed value of a property and the applicable tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, property size, and home improvements. The local tax rate is then applied to this assessed value to calculate the annual tax bill. In Granville, the median home price is $56,900. Homeowners in the 25th percentile can expect to pay around $335 annually, while those in the 75th percentile face bills of approximately $801. The 90th percentile tax bill reaches about $1,077. These figures are relatively reasonable compared to the national median property tax rate of 0.99%. For homeowners, understanding how these factors interplay can help in budgeting for annual expenses and recognizing the potential impact of property improvements on future tax bills. The highest and lowest median tax bills in Granville both stand at $539, reflecting a consistent tax environment within the zip code 26534.
Average Granville Tax Bill
$539
Average Monongalia County Tax Bill
$1,138
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Granville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26534 | $123 | $335 | $539 | $801 | $1,077 |
Source: Ownwell