Flatwoods, Braxton County, West Virginia Property Taxes
Median FLATWOODS, WV effective property tax rate: 0.46%, significantly lower than the national median of 1.02%, but lower than the West Virginia state median of 0.72%.
Median FLATWOODS, WV home value: $68,000
Median annual FLATWOODS, WV tax bill: $395, $2,005 lower than the national median property tax bill of $2,400.
How are property taxes in Braxton calculated?
Property taxes in FLATWOODS, WV are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding FLATWOODS’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in FLATWOODS, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Flatwoods, Braxton County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.46%
Estimate Property Tax Bill
$313
$290
Property Tax Rates Across Flatwoods, Braxton County, West Virginia
Local government entities set tax rates, which can vary widely within a state. This variation arises because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Flatwoods in Braxton County, WV, presents a unique case in property taxation. The effective property tax rate here is significantly lower than the national median of 1.02%. With a median property tax rate of 0.46%, Flatwoods stands out as an area with one of the lowest property tax rates in the state. This rate is not only the lowest in the county but also matches the highest median tax rate in the area, indicating uniformity in taxation across the region. When compared to other cities in West Virginia and the national average, Flatwoods offers a favorable tax environment, potentially providing property owners with substantial savings.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Flatwoods Tax Rate
0.46%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Braxton County Tax Rate
0.46%
Median Effective West Virginia Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Flatwoods, Braxton County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26621 | 0.26% | 0.46% | 0.46% | 0.93% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Flatwoods, Braxton County, West Virginia
When examining property taxes in Flatwoods, WV, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Braxton County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Braxton County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Flatwoods.
For example, the median home price in Flatwoods is $68,000, with tax bills ranging significantly across the county. Zip code 26621 has the highest median home price at $68,000.
Property Tax Assessment Values Across Flatwoods, Braxton County, West Virginia
Source: Ownwell
$27,000
$65,700
$104,400
Median Flatwoods Market Value
$68,000
Median Braxton County Market Value
$63,900
Median West Virginia Market Value
$80,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Flatwoods, Braxton County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26621 | $21,920 | $41,700 | $68,000 | $101,000 | $165,860 |
Source: Ownwell
Property Tax Bills Across Flatwoods, Braxton County, West Virginia
Median Flatwoods Tax Bill
$395
Median Braxton County Tax Bill
$333
Median West Virginia Tax Bill
$607
Median United States Tax Bill
$2,400
Property Tax Bills Across Flatwoods, Braxton County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26621 | $122 | $221 | $395 | $643 | $1,002 |
Source: Ownwell