Birch River, West Virginia Property Taxes
The median property tax rate in Birch River, WV is 0.31%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $104,400 in Birch River, the typical annual property tax bill is $329, which is well below the national median of $2,690. Property taxes in Birch River are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Birch River'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 Birch River or another part of Braxton County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Birch River, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.31%
Estimate Property Tax Bill
$324
Ownwell’s Birch River Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Birch River with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Birch River 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 Birch River, West Virginia
Property taxes in Birch River, 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 Birch River is 0.31%, significantly lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Birch River set these rates annually, and they can vary significantly across different neighborhoods. Each year, Birch River 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 Birch River's effective property tax rate to other counties in West Virginia and the national median. Understanding how these cities compare with Birch River provides valuable insights into the varying tax landscape across Braxton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Birch River Tax Rate
0.31%
Average Braxton County Tax Rate
0.46%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Birch River, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26610 | 0.29% | 0.30% | 0.31% | 0.32% | 0.33% |
Source: Ownwell
Property Tax Assessment Values Across Birch River, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Birch River, West Virginia. 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 Braxton 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 Birch River, 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median home price in Birch River is $104,400, with tax bills ranging from $284 at the 25th percentile to $400 at the 90th percentile. The highest and lowest median tax bills both occur in the 26610 zip code, with a value of $329.
Property Tax Assessment Values Across Birch River, West Virginia
Source: Ownwell
$27,000
$107,550
$188,100
Average Birch River Assessed Value
$104,400
Average Braxton County Assessed Value
$63,900
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Birch River, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26610 | $89,040 | $94,800 | $104,400 | $114,000 | $119,760 |
Source: Ownwell
Property Tax Bills Across Birch River, West Virginia
In Birch River, Braxton County, WV, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Birch River is $104,400. Tax rates in this area are relatively low, with the median property tax rate being significantly below the national median of 0.99%. Homeowners can expect a tax bill in the 25th percentile to be around $284, while those in the 75th percentile might see a bill closer to $373. For those at the higher end, in the 90th percentile, the tax bill can reach approximately $400. The highest and lowest median tax bills in the area are both $329, specifically within the 26610 ZIP code. These property tax bills impact homeowners by influencing their overall housing costs, which can affect budgeting and financial planning. Understanding these factors is crucial for homeowners to anticipate their annual property tax liabilities and manage their finances accordingly.
Average Birch River Tax Bill
$329
Average Braxton County Tax Bill
$333
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Birch River, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26610 | $258 | $284 | $329 | $373 | $400 |
Source: Ownwell