Ireland, West Virginia Property Taxes
The median property tax rate in Ireland, WV is 0.53%, 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 Ireland, the typical annual property tax bill reaches $309, far below the national median of $2,690. Property taxes in Ireland 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 Ireland'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 Ireland or another part of Lewis County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ireland, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$272
Ownwell’s Ireland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ireland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ireland 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 Ireland, West Virginia
Property taxes in Ireland, WV, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Ireland is 0.53%, which is lower than the U.S. national median of 0.99%. Local government entities within Ireland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ireland 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 Ireland's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 26376 has both the highest and lowest median property tax rate of 0.53%. Understanding how these cities compare with Ireland provides valuable insights into the varying tax landscape across Lewis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ireland Tax Rate
0.53%
Average Lewis County Tax Rate
0.53%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ireland, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26376 | 0.36% | 0.53% | 0.53% | 1.06% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Ireland, West Virginia
In Ireland, 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 Lewis 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 Ireland, 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 instance, the highest median tax bill in the area is $309 in the 26376 zip code, while the lowest is also $309 in the same zip code. 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 Ireland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ireland Assessed Value
$51,250
Average Lewis County Assessed Value
$72,200
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ireland, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26376 | $8,900 | $22,625 | $51,250 | $86,275 | $131,800 |
Source: Ownwell
Property Tax Bills Across Ireland, West Virginia
In Ireland, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the area is $51,250. Property taxes are determined by multiplying the assessed value by the local tax rate set by Lewis County. Homeowners in Ireland can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $167, while the 75th percentile reaches $500, and the 90th percentile can go up to $784. These tax bills are influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Ireland's tax rates offer a relatively affordable option for homeowners. However, the financial impact on homeowners can still be substantial, especially for those with higher-valued properties. Understanding these factors can help residents better anticipate their annual property tax obligations and plan their finances accordingly.
Average Ireland Tax Bill
$309
Average Lewis County Tax Bill
$437
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Ireland, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26376 | $76 | $167 | $309 | $500 | $784 |
Source: Ownwell