Adrian, West Virginia Property Taxes
The median property tax rate in Adrian, West Virginia is 0.53%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Adrian at $31,200, the typical annual property tax bill is $196, far below the national median of $2,690. Property taxes in Adrian 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 Adrian'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 Adrian or another part of Upshur County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Adrian, 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 Adrian Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Adrian with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Adrian 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 Adrian, West Virginia
Property taxes in Adrian, West Virginia, are crucial for funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Adrian is 0.53%, which is lower than the U.S. national median of 0.99%. Local government entities within Adrian set these rates annually, and they can vary significantly across different neighborhoods. Each year, Adrian 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 Adrian's effective property tax rate to other areas in Upshur County and the national median. For comparison, the zip code 26210 has both the highest and lowest median property tax rate of 0.53%. Understanding how these areas compare with Adrian provides valuable insights into the varying tax landscape across Upshur County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Adrian Tax Rate
0.53%
Average Upshur County Tax Rate
0.53%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adrian, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26210 | 0.37% | 0.53% | 0.53% | 1.05% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Adrian, West Virginia
In Adrian, 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 Upshur 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 Adrian, 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 Adrian helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $196.00 in zip code 26210, while the lowest median tax bill is also $196.00 in the same zip code.
Average Adrian Assessed Value
$31,200
Average Upshur County Assessed Value
$85,400
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adrian, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26210 | $2,800 | $9,725 | $31,200 | $55,325 | $98,750 |
Source: Ownwell
Property Tax Bills Across Adrian, West Virginia
In Adrian, located in Upshur County, WV, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Adrian is $31,200, and property taxes are determined by multiplying the assessed value by the local tax rate. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in Adrian experience a range of property tax bills. The 25th percentile tax bill is $74, while the 75th percentile tax bill reaches $379. At the 90th percentile, tax bills can be as high as $545. These figures indicate variability depending on individual property assessments. Compared to the national median property tax rate of 0.99%, Adrian’s property taxes can be relatively low, providing some relief to homeowners. However, understanding how these taxes are calculated and what influences them is crucial for homeowners to manage their expenses effectively.
Average Adrian Tax Bill
$196
Average Upshur County Tax Bill
$463
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Adrian, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26210 | $15 | $74 | $196 | $379 | $545 |
Source: Ownwell