Brenton, West Virginia Property Taxes
The median property tax rate in Brenton, WV is 0.68%, 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 Brenton at $22,900, the typical annual property tax bill is just $158, significantly below the national median of $2,690. Property taxes in Brenton are calculated based on the assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Brenton'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 Brenton or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brenton, 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 Brenton Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Brenton. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Brenton to provide an accurate estimate of your property tax bill. This valuable tool assists you in understanding potential tax liabilities and planning your finances accordingly. For those interested in more detailed trends at the neighborhood level, further localized information is available below. Your property's assessed value, determined by the county, is crucial for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Brenton, West Virginia
Property taxes in Brenton, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brenton is 0.68%, lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Brenton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brenton 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 Brenton's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 24818 zip code has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these cities compare with Brenton provides valuable insights into the varying tax landscape across Wyoming County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brenton Tax Rate
0.68%
Average Wyoming County Tax Rate
0.68%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brenton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24818 | 0.20% | 0.68% | 0.68% | 1.37% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Brenton, West Virginia
In Brenton, 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 Wyoming 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 Brenton, 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 Brenton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Brenton are both $158.00, found in zip code 24818.
Average Brenton Assessed Value
$22,900
Average Wyoming County Assessed Value
$25,000
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brenton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24818 | $3,700 | $10,900 | $22,900 | $39,200 | $56,220 |
Source: Ownwell
Property Tax Bills Across Brenton, West Virginia
In Brenton, WV, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. For example, with a median home price of $22,900, the tax bill can vary significantly. At the 25th percentile, homeowners might pay around $70, while those at the 75th percentile could see bills closer to $293. At the 90th percentile, the tax bill can reach approximately $447. Several factors influence these amounts, including property location, home condition, and any applicable exemptions. Brenton's property tax rate can be compared to the national median rate of 0.99%, offering a perspective on how local taxes stack up against broader averages. For homeowners, understanding these calculations is crucial as property taxes directly impact annual housing costs and long-term financial planning. In Wyoming County, the median tax bill is $158, consistent across different zip codes like 24818.
Average Brenton Tax Bill
$158
Average Wyoming County Tax Bill
$190
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Brenton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24818 | $32 | $70 | $158 | $293 | $447 |
Source: Ownwell