Middlebourne, West Virginia Property Taxes
The median property tax rate in Middlebourne, WV is 0.65%, 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 $66,400 in Middlebourne, the typical annual property tax bill is $424, significantly below the national median of $2,690. Property taxes in Middlebourne are calculated based on the assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Middlebourne'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 Middlebourne or another part of Tyler County, grasping the local property tax nuances will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Middlebourne, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$432
Ownwell’s MIDDLEBOURNE Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in MIDDLEBOURNE with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in MIDDLEBOURNE to provide an estimate of your property tax bill. This handy tool helps you grasp 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 calculations, taking into account any applicable exemptions.
Property Tax Rates Across Middlebourne, West Virginia
Property taxes in Middlebourne, 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 Middlebourne is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Middlebourne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Middlebourne 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 Middlebourne's effective property tax rate to other areas in West Virginia and the national median. For comparison, the zip code 26149 has the same median property tax rate of 0.65%. Understanding how these areas compare with Middlebourne provides valuable insights into the varying tax landscape across Tyler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Middlebourne Tax Rate
0.65%
Average Tyler County Tax Rate
0.65%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Middlebourne, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26149 | 0.38% | 0.57% | 0.65% | 0.81% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Middlebourne, West Virginia
In Middlebourne, 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 Tyler 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 Middlebourne, 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 Middlebourne helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Middlebourne is $66,400, with the highest and lowest median tax bills both recorded at $424 in the 26149 zip code.
Property Tax Assessment Values Across Middlebourne, West Virginia
Source: Ownwell
$39,600
$63,800
$88,000
Average Middlebourne Assessed Value
$66,400
Average Tyler County Assessed Value
$59,000
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Middlebourne, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26149 | $9,120 | $30,600 | $66,400 | $103,600 | $143,680 |
Source: Ownwell
Property Tax Bills Across Middlebourne, West Virginia
In Middlebourne, Tyler County, WV, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the market value, which is determined by the county assessor. For example, with a median home price of $66,400, the tax bill can vary significantly. Factors such as property size, location, and improvements can influence the assessed value. The tax rate in Middlebourne is applied to this assessed value to determine the annual tax bill. Homeowners in the 25th percentile pay around $224, while those in the 75th percentile see bills closer to $715. At the 90th percentile, the tax bill can reach up to $1,058. These variations highlight how property characteristics and market conditions impact tax liabilities. Compared to the national median property tax rate of 0.99%, Middlebourne's rates reflect local economic conditions and funding needs for public services. Homeowners must budget for these taxes, as they directly affect annual housing costs.
Average Middlebourne Tax Bill
$424
Average Tyler County Tax Bill
$399
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Middlebourne, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26149 | $96 | $224 | $424 | $715 | $1,058 |
Source: Ownwell