Alum Bridge, West Virginia Property Taxes
The median property tax rate in Alum Bridge, WV is 0.70%, slightly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $53,800 in Alum Bridge, the typical annual property tax bill amounts to $378, which is significantly below the national median of $2,690. Property taxes in Alum Bridge are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Alum Bridge'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 Alum Bridge or another part of Doddridge County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alum Bridge, 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 Alum Bridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alum Bridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alum Bridge 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 Alum Bridge, West Virginia
Property taxes in Alum Bridge, West Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alum Bridge is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Alum Bridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alum Bridge 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 Alum Bridge's effective property tax rate to other areas in West Virginia and the national median. For comparison, the zip code 26321 has both the highest and lowest median property tax rate of 0.70%. Understanding how these areas compare with Alum Bridge provides valuable insights into the varying tax landscape across Doddridge County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alum Bridge Tax Rate
0.70%
Average Doddridge County Tax Rate
0.70%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alum Bridge, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26321 | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Alum Bridge, West Virginia
In Alum Bridge, 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 Doddridge 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 Alum Bridge, 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. Being aware of these valuation processes in Alum Bridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median tax bill in the Alum Bridge area is $378, consistent across all percentiles. The zip code with both the highest and lowest median tax bill is 26321.
Property Tax Assessment Values Across Alum Bridge, West Virginia
Source: Ownwell
$50,250
$75,875
$101,500
Average Alum Bridge Assessed Value
$53,800
Average Doddridge County Assessed Value
$63,900
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alum Bridge, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26321 | $53,800 | $53,800 | $53,800 | $53,800 | $53,800 |
Source: Ownwell
Property Tax Bills Across Alum Bridge, West Virginia
In Alum Bridge, Doddridge County, WV, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. For homeowners in Alum Bridge, the median home price is $53,800. Property tax bills in this area are consistent, with the 25th, 75th, and 90th percentiles all at $378. This uniformity indicates that most homeowners in Alum Bridge face similar property tax obligations. To determine the tax bill, the assessed value is multiplied by the local tax rate. This rate is derived from the budgets of various taxing entities, such as schools, municipalities, and other local government services. For homeowners, these taxes fund essential services, but they also represent a significant annual expense. Compared to the national median property tax rate of 0.99%, the tax rate in Alum Bridge results in a relatively modest tax bill, providing some financial relief to property owners in the area.
Average Alum Bridge Tax Bill
$378
Average Doddridge County Tax Bill
$427
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Alum Bridge, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26321 | $378 | $378 | $378 | $378 | $378 |
Source: Ownwell