Glen Easton, West Virginia Property Taxes
The median property tax rate in Glen Easton, WV is 0.60%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $78,100 in Glen Easton, the typical annual property tax bill amounts to $474, well below the national median of $2,690. Property taxes in Glen Easton are calculated based on the assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Glen Easton’s property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Glen Easton or another part of Marshall County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glen Easton, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$469
Ownwell’s Glen Easton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glen Easton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glen Easton 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 Glen Easton, West Virginia
Property taxes in Glen Easton, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glen Easton is 0.60%, lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Glen Easton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glen Easton 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 Easton's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26039 zip code has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these cities compare with Glen Easton provides valuable insights into the varying tax landscape across Marshall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glen Easton Tax Rate
0.60%
Average Marshall County Tax Rate
0.60%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glen Easton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26039 | 0.33% | 0.56% | 0.60% | 0.60% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Glen Easton, West Virginia
In Glen Easton, 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 Marshall 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 Easton, 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 Glen Easton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $474, found in the 26039 zip code.
Property Tax Assessment Values Across Glen Easton, West Virginia
Source: Ownwell
$46,300
$83,100
$119,900
Average Glen Easton Assessed Value
$78,100
Average Marshall County Assessed Value
$76,200
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glen Easton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26039 | $19,600 | $46,200 | $78,100 | $117,400 | $201,300 |
Source: Ownwell
Property Tax Bills Across Glen Easton, West Virginia
In Glen Easton, located in Marshall County, WV, property tax bills are determined based on the assessed value of a home. The median home price in Glen Easton stands at $78,100. To calculate the tax bill, the assessed value of the property is multiplied by the local tax rate. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Glen Easton experience a range of tax bills. The 25th percentile tax bill is $247, while the 75th percentile tax bill reaches $745. For those in the 90th percentile, the tax bill can go up to $1,190. These figures highlight the variability in property tax obligations, which can significantly impact homeowners' finances. When compared to the national median property tax rate of 0.99%, Glen Easton's property tax rate provides a context for understanding local tax burdens. Homeowners should be aware of these factors to better manage their financial planning and ensure they are not overpaying on their property taxes.
Average Glen Easton Tax Bill
$474
Average Marshall County Tax Bill
$513
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Glen Easton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26039 | $104 | $247 | $474 | $745 | $1,190 |
Source: Ownwell