Pursglove, West Virginia Property Taxes
The median property tax rate in Pursglove, WV is 0.64%, which is lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Pursglove at $54,500, the typical annual property tax bill is around $400, significantly less than the national median of $2,690. Property taxes in Pursglove are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pursglove'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 Pursglove or another part of Monongalia County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pursglove, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$349
Ownwell’s Pursglove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pursglove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pursglove 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 Pursglove, West Virginia
Property taxes in Pursglove, 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 Pursglove is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Pursglove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pursglove 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 Pursglove's effective property tax rate to other counties and the national median. For comparison, the zip code 26546 has both the highest and lowest median property tax rate of 0.64%. Understanding how these areas compare with Pursglove 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 Pursglove Tax Rate
0.64%
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 Pursglove, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26546 | 0.24% | 0.64% | 0.64% | 1.28% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Pursglove, West Virginia
In Pursglove, 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. 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 Pursglove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 26546 has the highest median tax bill of $400, which is significantly low compared to the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Pursglove, West Virginia
Source: Ownwell
$18,150
$102,575
$187,000
Average Pursglove Assessed Value
$54,500
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 Pursglove, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26546 | $13,140 | $35,450 | $54,500 | $73,700 | $91,040 |
Source: Ownwell
Property Tax Bills Across Pursglove, West Virginia
In Pursglove, located in Monongalia County, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For example, the median home price in the area is $54,500. The tax rate is applied to this assessed value to determine the annual property tax bill. Various factors influence the tax bill, including property location, home size, and local tax rates. Homeowners in Pursglove can expect to pay a median property tax bill of $400 annually, which is significantly lower than the national median property tax rate of 0.99%. The tax bill can vary widely; for instance, those in the 25th percentile pay around $156, while those in the 75th percentile pay about $577. At the higher end, the 90th percentile tax bill reaches $921. These taxes fund essential community services such as schools, emergency services, and infrastructure maintenance, impacting homeowners by contributing to the overall quality of life in the area.
Average Pursglove Tax Bill
$400
Average Monongalia County Tax Bill
$1,138
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Pursglove, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26546 | $63 | $156 | $400 | $577 | $921 |
Source: Ownwell