Big Bend, West Virginia Property Taxes
The median property tax rate in Big Bend, WV is 0.50%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Big Bend at $43,850, the typical annual property tax bill is just $194, far below the national median of $2,690. Property taxes in Big Bend are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Big Bend'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 Big Bend 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
Big Bend, 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 Big Bend Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Big Bend with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Big Bend 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 Big Bend, West Virginia
Property taxes in Big Bend, West Virginia, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Big Bend is 0.50%, lower than both the West Virginia state median of 0.55% and the U.S. national median of 0.99%. Local government entities within Big Bend set these rates annually, and they can vary significantly across different neighborhoods. Each year, Big Bend 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 Big Bend's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26136 zip code has the highest median property tax rate of 0.50%, while the 26136 zip code also has the lowest median tax rate of 0.50%. Understanding how these cities compare with Big Bend provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Big Bend Tax Rate
0.50%
Average Calhoun County Tax Rate
0.50%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Big Bend, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26136 | 0.16% | 0.33% | 0.50% | 0.50% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Big Bend, West Virginia
In Big Bend, 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 Calhoun 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 Big Bend, 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. For example, the highest median tax bill in Big Bend is $194 in the 26136 zip code, while the lowest median tax bill is also $194 in the same zip code. Being aware of these valuation processes in Big Bend helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Big Bend Assessed Value
$43,850
Average Calhoun County Assessed Value
$50,300
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Big Bend, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26136 | $13,290 | $23,475 | $43,850 | $63,750 | $91,350 |
Source: Ownwell
Property Tax Bills Across Big Bend, West Virginia
In Big Bend, Calhoun County, WV, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and applies an assessment ratio to arrive at the taxable value. This value is then multiplied by the local tax rate to determine your annual tax bill. For homeowners in Big Bend, the median home price stands at $43,850. Property tax bills can vary significantly, with the 25th percentile paying around $101 and the 75th percentile paying approximately $317. Those at the 90th percentile may see tax bills as high as $452. The median tax bill in the highest and lowest zip codes is $194, which is still below the national median property tax rate of 0.99%. Understanding these factors can help homeowners in Big Bend anticipate their property tax obligations and plan their finances accordingly.
Average Big Bend Tax Bill
$194
Average Calhoun County Tax Bill
$231
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Big Bend, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26136 | $50 | $101 | $194 | $317 | $452 |
Source: Ownwell