Bens Run, West Virginia Property Taxes
The median property tax rate in Bens Run, WV is 0.71%, slightly below both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Bens Run at $67,500, the typical annual property tax bill amounts to $506, significantly lower than the national median of $2,690. Property taxes in Bens Run are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bens Run'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 Bens Run 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
Bens Run, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$479
Ownwell’s Bens Run Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bens Run with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bens Run 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 Bens Run, West Virginia
Property taxes in Bens Run, 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 Bens Run is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Bens Run set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bens Run 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. For comparison, the zip code 26146 within Pleasants County has the same median property tax rate of 0.71%, illustrating a consistent tax landscape within the county. Understanding how these rates compare with Bens Run provides valuable insights into the varying tax landscape across Pleasants County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bens Run Tax Rate
0.71%
Average Pleasants County Tax Rate
0.72%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bens Run, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26146 | 0.44% | 0.54% | 0.71% | 0.76% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Bens Run, West Virginia
In Bens Run, 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 Pleasants 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 Bens Run, 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 Bens Run helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 26146 has both the highest and lowest median tax bill of $506.
Average Bens Run Assessed Value
$67,500
Average Pleasants County Assessed Value
$82,700
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bens Run, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26146 | $6,980 | $30,700 | $67,500 | $116,850 | $151,400 |
Source: Ownwell
Property Tax Bills Across Bens Run, West Virginia
In Bens Run, Pleasants County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Bens Run is $67,500. Property taxes are then applied at a rate specific to the locality, leading to varying tax bills. For instance, homeowners in the 25th percentile pay around $295 annually, while those in the 75th percentile face bills of approximately $840. At the 90th percentile, tax bills can reach up to $1,591. These figures are influenced by several factors, including property size, improvements, and local tax rates. Compared to the national median property tax rate of 0.99%, Bens Run's rates result in relatively moderate tax bills. This impacts homeowners by determining their annual financial obligations towards property taxes, which can affect their overall cost of living and budget planning. Understanding these factors can help homeowners better prepare for their property tax responsibilities.
Average Bens Run Tax Bill
$506
Average Pleasants County Tax Bill
$593
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Bens Run, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26146 | $119 | $295 | $506 | $840 | $1,591 |
Source: Ownwell