Burnsville, West Virginia Property Taxes
The median property tax rate in Burnsville, WV is 0.46%, 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 $54,850 in Burnsville, the typical annual property tax bill is $306, substantially below the national median of $2,690. Property taxes in Burnsville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Burnsville'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 Burnsville or another part of Braxton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Burnsville, 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 Burnsville Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Burnsville. By simply entering your property's estimated assessed value, our calculator uses the median tax rate in Burnsville to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed decisions. For those interested in more granular data, you can explore trends at the neighborhood level by scrolling down. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Burnsville, West Virginia
Property taxes in Burnsville, 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 Burnsville is 0.46%, which is lower than the U.S. national median of 0.99%. Local government entities within Burnsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burnsville 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 Burnsville's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 26335 has the same median property tax rate of 0.46%. Understanding how these areas compare with Burnsville 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 Burnsville Tax Rate
0.46%
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 Burnsville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26335 | 0.27% | 0.44% | 0.46% | 0.71% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Burnsville, West Virginia
In Burnsville, 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 local 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 Burnsville, 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 Burnsville 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 $306 in the 26335 zip code, which contrasts with the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Burnsville, West Virginia
Source: Ownwell
$27,000
$107,550
$188,100
Average Burnsville Assessed Value
$54,850
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 Burnsville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26335 | $4,260 | $27,550 | $54,850 | $87,650 | $131,020 |
Source: Ownwell
Property Tax Bills Across Burnsville, West Virginia
Property tax bills in Burnsville, Braxton County, WV, are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $54,850, local homeowners can expect varying tax bills. The 25th percentile tax bill stands at $168, indicating that a quarter of homeowners pay this amount or less. On the higher end, the 75th percentile tax bill is $502, and the 90th percentile tax bill reaches $758. These figures highlight the range of property tax burdens within the community. Compared to the national median property tax rate of 0.99%, Burnsville's rates provide a relatively affordable tax environment for homeowners. This system ensures that tax contributions are proportional to property values, impacting homeowners' financial planning and overall cost of living.
Average Burnsville Tax Bill
$306
Average Braxton County Tax Bill
$333
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Burnsville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26335 | $71 | $168 | $306 | $502 | $758 |
Source: Ownwell