Ellenboro, West Virginia Property Taxes
The median property tax rate in Ellenboro, WV is 0.71%, which is lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $42,900 in Ellenboro, the typical annual property tax bill is $312, significantly below the national median of $2,690. Property taxes in Ellenboro are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Ellenboro'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 Ellenboro or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ellenboro, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$305
Ownwell’s Ellenboro Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ellenboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ellenboro to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Ellenboro, West Virginia
Property taxes in Ellenboro, 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 Ellenboro is 0.71%, which is lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Ellenboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ellenboro 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 Ellenboro's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 26346 has the highest median property tax rate of 0.71%, while the same zip code also represents the lowest median tax rate of 0.71%. Understanding how these cities compare with Ellenboro provides valuable insights into the varying tax landscape across Pleasants County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ellenboro Tax Rate
0.71%
Average Pleasants County Tax Rate
0.72%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ellenboro, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26346 | 0.18% | 0.61% | 0.71% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Ellenboro, West Virginia
In Ellenboro, 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 local county appraisal district 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 Ellenboro, 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 Ellenboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the region is $312 in the zip code 26346, while the lowest median tax bill is also $312 in the same zip code.
Average Ellenboro Assessed Value
$42,900
Average Pleasants County Assessed Value
$82,700
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ellenboro, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26346 | $11,180 | $19,900 | $42,900 | $75,800 | $90,760 |
Source: Ownwell
Property Tax Bills Across Ellenboro, West Virginia
In Ellenboro, located in Pleasants County, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $42,900, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $97, while at the 75th percentile, it rises to approximately $508. The 90th percentile tax bill can reach up to $626. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. These property taxes are essential for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Ellenboro's rates can be relatively low, which may ease the financial burden on homeowners while still supporting community services.
Average Ellenboro Tax Bill
$312
Average Pleasants County Tax Bill
$593
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Ellenboro, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26346 | $29 | $97 | $312 | $508 | $626 |
Source: Ownwell