Sugar Grove, West Virginia Property Taxes
The median property tax rate in Sugar Grove, WV is 0.41%, 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 $108,100 in Sugar Grove, the typical annual property tax bill is around $430, which is well below the national median of $2,690. Property taxes in Sugar Grove are determined based on the assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Sugar Grove's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Sugar Grove or another part of Pendleton County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sugar Grove, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$443
Ownwell’s Sugar Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sugar Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sugar Grove 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 Sugar Grove, West Virginia
Property taxes in Sugar Grove, 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 Sugar Grove is 0.41%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Sugar Grove set these rates annually, and they can vary across different neighborhoods. Each year, Sugar Grove 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 Sugar Grove's effective property tax rate to other areas in Pendleton County and the national median. For comparison, the zip code 26815 has the highest median property tax rate of 0.41%, while the same zip code also has the lowest median tax rate of 0.41%. Understanding how these areas compare with Sugar Grove provides valuable insights into the varying tax landscape across Pendleton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sugar Grove Tax Rate
0.41%
Average Pendleton County Tax Rate
0.41%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sugar Grove, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26815 | 0.31% | 0.41% | 0.41% | 0.41% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Sugar Grove, West Virginia
In Sugar Grove, 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 Pendleton 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 Sugar Grove, 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 Sugar Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 26815, with a median tax bill of $430.
Property Tax Assessment Values Across Sugar Grove, West Virginia
Source: Ownwell
$64,700
$114,250
$163,800
Average Sugar Grove Assessed Value
$108,100
Average Pendleton County Assessed Value
$98,400
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sugar Grove, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26815 | $23,500 | $59,600 | $108,100 | $164,900 | $252,600 |
Source: Ownwell
Property Tax Bills Across Sugar Grove, West Virginia
In Sugar Grove, WV, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Sugar Grove is $108,100. Property taxes are influenced by local tax rates and the assessed value, with homeowners in the 25th percentile paying around $236 annually, while those in the 75th percentile pay approximately $670. For the top 10% of homeowners, tax bills can reach up to $1,030. Several factors contribute to the final tax bill, including property location, improvements, and any applicable exemptions. These elements collectively determine the assessed value, which is then multiplied by the local tax rate to calculate the annual property tax bill. Compared to the national median property tax rate of 0.99%, the property tax burden in Sugar Grove is relatively modest. This affects homeowners by providing a more manageable tax expense, potentially making homeownership more affordable in this region.
Average Sugar Grove Tax Bill
$430
Average Pendleton County Tax Bill
$396
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Sugar Grove, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26815 | $98 | $236 | $430 | $670 | $1,030 |
Source: Ownwell