Glady, West Virginia Property Taxes
The median property tax rate in Glady, WV is 0.40%, considerably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Glady at $32,800, the typical annual property tax bill reaches just $133, significantly below the national median of $2,690. Property taxes in Glady 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 Glady'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 Glady or another part of Randolph County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glady, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.4%
Estimate Property Tax Bill
$131
Ownwell’s Glady Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glady with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glady 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 Glady, West Virginia
Property taxes in Glady, 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 Glady is 0.40%, lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Glady set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glady 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 Glady's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26268 zip code has both the highest and lowest median property tax rate of 0.40%. Understanding how these areas compare with Glady provides valuable insights into the varying tax landscape across Randolph County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glady Tax Rate
0.40%
Average Randolph County Tax Rate
0.40%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glady, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26268 | 0.40% | 0.40% | 0.40% | 0.81% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Glady, West Virginia
In Glady, 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 Randolph 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 Glady, 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. The median home price in Glady is $32,800, with tax bills ranging from $75 at the 25th percentile to $364 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Glady Assessed Value
$32,800
Average Randolph County Assessed Value
$82,600
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glady, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26268 | $9,780 | $16,050 | $32,800 | $53,150 | $74,090 |
Source: Ownwell
Property Tax Bills Across Glady, West Virginia
In Glady, Randolph 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 Glady is $32,800. The local tax rate is applied to this assessed value to determine the annual tax bill. For instance, homeowners in the 25th percentile pay around $75 annually, while those in the 75th percentile face a tax bill of approximately $237. At the 90th percentile, the tax bill can reach up to $364. Several factors influence these tax bills, including property size, location, and improvements. These elements contribute to the assessed value, which in turn affects the tax amount. Understanding these factors is crucial for homeowners as they directly impact the annual financial obligation. Compared to the national median property tax rate of 0.99%, Glady's tax bills are relatively modest, making it an appealing location for homeowners seeking lower property taxes.
Average Glady Tax Bill
$133
Average Randolph County Tax Bill
$381
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Glady, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26268 | $47 | $75 | $133 | $237 | $364 |
Source: Ownwell