Meadowbrook, West Virginia Property Taxes
The median property tax rate in Meadowbrook, WV is 0.70%, which is lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Meadowbrook at $32,700, the typical annual property tax bill is $271, significantly below the national median of $2,690. Property taxes in Meadowbrook 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 Meadowbrook'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 Meadowbrook or another part of Harrison County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Meadowbrook, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$229
Ownwell’s Meadowbrook Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Meadowbrook with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meadowbrook 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 Meadowbrook, West Virginia
Property taxes in Meadowbrook, West Virginia, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Meadowbrook is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Meadowbrook set these rates annually, and they can vary significantly across different neighborhoods. Each year, Meadowbrook 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 Meadowbrook's effective property tax rate to other areas and the national median. For comparison, the zip code 26404 has the highest median property tax rate of 0.70%, while the same zip code also has the lowest median tax rate of 0.70%. Understanding how these areas compare with Meadowbrook provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Meadowbrook Tax Rate
0.70%
Average Harrison County Tax Rate
0.74%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meadowbrook, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26404 | 0.27% | 0.70% | 0.70% | 1.24% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Meadowbrook, West Virginia
In Meadowbrook, 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 Harrison 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. 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 Meadowbrook helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Meadowbrook, the highest median tax bill is $271 in zip code 26404, while the lowest median tax bill is also $271 in the same zip code.
Property Tax Assessment Values Across Meadowbrook, West Virginia
Source: Ownwell
$6,500
$99,925
$193,350
Average Meadowbrook Assessed Value
$32,700
Average Harrison County Assessed Value
$76,800
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Meadowbrook, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26404 | $6,880 | $17,000 | $32,700 | $77,100 | $292,680 |
Source: Ownwell
Property Tax Bills Across Meadowbrook, West Virginia
In Meadowbrook, located in Harrison County, WV, property tax bills are calculated based on the assessed value of a home, which is often a fraction of its market value. The median home price in Meadowbrook is $32,700, and the property tax rate is applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including property location, size, and any applicable exemptions. Homeowners in Meadowbrook can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $147, while at the 75th percentile, it rises to $597. At the 90th percentile, it can reach as high as $2018. These variations can impact homeowners differently based on their property's assessed value and eligibility for exemptions. Compared to the national median property tax rate of 0.99%, Meadowbrook's property taxes are relatively low, providing some relief to local homeowners.
Average Meadowbrook Tax Bill
$271
Average Harrison County Tax Bill
$688
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Meadowbrook, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26404 | $66 | $147 | $271 | $597 | $2,018 |
Source: Ownwell