Glen, Clay County, West Virginia Property Taxes
The median property tax rate in Glen, WV is 0.42%, 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 Glen, the typical annual property tax bill is $128, far below the national median of $2,690. Property taxes in Glen are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Glen'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 Glen 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
Glen, Clay County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.42%
Estimate Property Tax Bill
$129
$119
Ownwell’s GLEN Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in GLEN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in GLEN to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Glen, Clay County, West Virginia
Property taxes in Glen, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glen is 0.42%, significantly lower than both the West Virginia state median of 0.55% and the U.S. national median of 0.99%. Local government entities within Glen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glen 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 Glen's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25088 zip code has both the highest and lowest median property tax rate of 0.42%. Understanding how these areas compare with Glen provides valuable insights into the varying tax landscape across Clay County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glen Tax Rate
0.42%
Average Clay County Tax Rate
0.42%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glen, Clay County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25088 | 0.19% | 0.42% | 0.42% | 0.84% | 0.84% |
Source: Ownwell
Property Tax Assessment Values Across Glen, Clay County, West Virginia
In Glen, 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 Clay 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 Glen, 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 example, the median home price in Glen is $30,600, with tax bills ranging from $92 at the 25th percentile to $279 at the 90th percentile. The highest and lowest median tax bills are both found in the 25088 zip code, at $128. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Glen, Clay County, West Virginia
Source: Ownwell
$30,600
$42,800
$55,000
Average Glen Assessed Value
$30,600
Average Clay County Assessed Value
$39,200
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glen, Clay County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25088 | $9,100 | $17,750 | $30,600 | $61,875 | $80,290 |
Source: Ownwell
Property Tax Bills Across Glen, Clay County, West Virginia
In Glen, Clay County, WV, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. Several factors influence the property tax bill, including the property's location, size, and any applicable exemptions. For instance, Glen homeowners in the 25th percentile can expect to pay around $92, while those in the 75th percentile pay approximately $224. The 90th percentile sees tax bills around $279. These figures show a range of what homeowners might pay, depending on their property's assessed value and applicable tax rates. Compared to the national median property tax rate of 0.99%, Glen's tax bills are relatively modest, providing some financial relief to homeowners. Understanding these factors can help homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Glen Tax Bill
$128
Average Clay County Tax Bill
$172
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Glen, Clay County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25088 | $63 | $92 | $128 | $224 | $279 |
Source: Ownwell