Bluemont, West Virginia Property Taxes
The median property tax rate in Bluemont, 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 Bluemont at $296,200, the typical annual property tax bill is $1,936, falling below the national median of $2,690. Property taxes in Bluemont are calculated based on the tax assessed value, which often comes in lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Bluemont'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 Bluemont 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
Bluemont, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$2,073
Ownwell’s Bluemont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bluemont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bluemont 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 Bluemont, West Virginia
Property taxes in Bluemont, 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 Bluemont is 0.70%, which is lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Bluemont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bluemont 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 Bluemont's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 20135 has both the highest and lowest median property tax rate of 0.70%. Understanding how these cities compare with Bluemont provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bluemont Tax Rate
0.70%
Average Jefferson County Tax Rate
0.70%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bluemont, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20135 | 0.62% | 0.63% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Bluemont, West Virginia
In Bluemont, 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 Jefferson 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 Bluemont, 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 instance, Bluemont's median home price is $296,200, with property tax bills ranging from $1,808 to $2,360. Knowing these processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Bluemont, West Virginia
Source: Ownwell
$121,900
$238,400
$354,900
Average Bluemont Assessed Value
$296,200
Average Jefferson County Assessed Value
$267,800
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bluemont, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20135 | $254,250 | $262,250 | $296,200 | $310,450 | $366,810 |
Source: Ownwell
Property Tax Bills Across Bluemont, West Virginia
In Bluemont, Jefferson County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homes in Bluemont, the median home price is $296,200. Homeowners in the 25th percentile can expect a tax bill around $1,808, while those in the 75th percentile might see a bill closer to $2,158. At the 90th percentile, the tax bill can reach up to $2,360. Several factors influence these tax bills, including the property's assessed value, any applicable exemptions, and the local tax rate. Comparatively, the national median property tax rate is 0.99%, and Bluemont's tax rates reflect local economic conditions and funding needs for public services. For homeowners, these tax bills represent a significant annual expense, impacting household budgets and the overall cost of homeownership in the area.
Average Bluemont Tax Bill
$1,936
Average Jefferson County Tax Bill
$2,072
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Bluemont, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 20135 | $1,755 | $1,808 | $1,936 | $2,158 | $2,360 |
Source: Ownwell