Brohard, West Virginia Property Taxes
The median property tax rate in Brohard, WV is 0.50%, 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 $49,200 in Brohard, the typical annual property tax bill is $159, far below the national median of $2,690. Property taxes in Brohard 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 Brohard'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 Brohard or another part of Calhoun County, a thorough understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brohard, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$246
Ownwell’s Brohard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brohard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brohard 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 Brohard, West Virginia
Property taxes in Brohard, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brohard is 0.50%, significantly lower than the U.S. national median of 0.99%. Local government entities within Brohard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brohard 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 Brohard's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26138 zip code has the highest median property tax rate of 0.50%, while the same zip code also has the lowest median tax rate of 0.50%. Understanding how these cities compare with Brohard 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 Brohard 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 Brohard, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26138 | 0.22% | 0.38% | 0.50% | 0.50% | 0.50% |
Source: Ownwell
Property Tax Assessment Values Across Brohard, West Virginia
In Brohard, 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 Assessor's office 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 Brohard, 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. The highest median tax bill in Brohard is $159 in the 26138 zip code, while the lowest median tax bill is also $159 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brohard Assessed Value
$49,200
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 Brohard, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26138 | $12,480 | $21,700 | $49,200 | $66,000 | $115,860 |
Source: Ownwell
Property Tax Bills Across Brohard, West Virginia
Property tax bills in Brohard, located in Calhoun County, WV, are calculated based on the assessed value of a property. The local tax rate is applied to this assessed value to determine the annual tax bill. For homeowners in Brohard, the median home price is $49,200, which serves as a baseline for calculating property taxes. Factors such as property size, location, and any improvements made to the property can influence its assessed value. Homeowners in Brohard can expect to see varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is $106, while the 75th percentile tax bill is $357. At the 90th percentile, the tax bill can reach up to $580. These figures highlight the range of property tax obligations within the community. Compared to the national median property tax rate of 0.99%, Brohard's property taxes are relatively modest, making it an attractive location for homeowners seeking affordability. Understanding how these taxes are calculated can help homeowners better manage their financial planning.
Average Brohard Tax Bill
$159
Average Calhoun County Tax Bill
$231
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Brohard, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26138 | $57 | $106 | $159 | $357 | $580 |
Source: Ownwell