Wellsburg, West Virginia Property Taxes
The median property tax rate in Wellsburg, WV is 0.80%, slightly lower than the national median of 0.99% but higher than the West Virginia state median of 0.72%. With a median home value of $63,700 in Wellsburg, the typical annual property tax bill is around $490, significantly less than the national median of $2,690. Property taxes in Wellsburg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Wellsburg'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 Wellsburg or another part of Brooke County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wellsburg, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$510
Ownwell’s Wellsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wellsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wellsburg 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 Wellsburg, West Virginia
Property taxes in Wellsburg, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wellsburg is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Wellsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wellsburg 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 Wellsburg's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26070 zip code has the highest median property tax rate of 0.80%, while the same zip code also has the lowest median tax rate of 0.80%. Understanding how these cities compare with Wellsburg provides valuable insights into the varying tax landscape across Brooke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wellsburg Tax Rate
0.80%
Average Brooke County Tax Rate
0.80%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wellsburg, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26070 | 0.39% | 0.57% | 0.80% | 0.95% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Wellsburg, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wellsburg, 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 Brooke 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 Wellsburg, 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. For instance, the median home price in Wellsburg is $63,700, with the 25th percentile tax bill at $258 and the 75th percentile at $763. The highest and lowest median tax bills are both $490, found in zip code 26070. By understanding 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.
Average Wellsburg Assessed Value
$63,700
Average Brooke County Assessed Value
$65,500
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wellsburg, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26070 | $16,900 | $37,100 | $63,700 | $89,975 | $126,700 |
Source: Ownwell
Property Tax Bills Across Wellsburg, West Virginia
In Wellsburg, property tax bills are calculated based on the assessed value of a home, which is determined by the Brooke County Assessor's Office. The assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. The tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Wellsburg can expect their tax bills to vary. For instance, the tax bill at the 25th percentile is $258, while at the 75th percentile, it rises to $763. At the 90th percentile, it can go up to $1,152. These property taxes contribute to local services such as schools, public safety, and infrastructure, directly affecting homeowners by funding essential community resources. Compared to the national median property tax rate of 0.99%, Wellsburg homeowners experience a range of tax bills that reflect both the value of their homes and the community's needs.
Average Wellsburg Tax Bill
$490
Average Brooke County Tax Bill
$517
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Wellsburg, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26070 | $118 | $258 | $490 | $763 | $1,152 |
Source: Ownwell