Cleveland, West Virginia Property Taxes
The median property tax rate in Cleveland, WV is 0.41%, 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 Cleveland, the typical annual property tax bill is $182, well below the national median of $2,690. Property taxes in Cleveland are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Cleveland'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 Cleveland or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cleveland, West Virginia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Cleveland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cleveland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cleveland 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 Cleveland, West Virginia
Property taxes in Cleveland, West Virginia, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Cleveland is 0.41%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Cleveland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cleveland 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 Cleveland's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 26215 has both the highest and lowest median property tax rate of 0.41%. Understanding how these cities compare with Cleveland provides valuable insights into the varying tax landscape across Webster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cleveland Tax Rate
0.41%
Average Webster County Tax Rate
0.41%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cleveland, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26215 | 0.15% | 0.41% | 0.41% | 0.41% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Cleveland, West Virginia
In Cleveland, 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 Webster 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 Cleveland, 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 Cleveland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $182.00 in the 26215 zip code.
Average Cleveland Assessed Value
$40,700
Average Webster County Assessed Value
$32,900
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cleveland, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26215 | $18,450 | $22,475 | $40,700 | $63,500 | $89,530 |
Source: Ownwell
Property Tax Bills Across Cleveland, West Virginia
In Cleveland, Webster County, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this area typically see a range of tax bills, with the 25th percentile paying around $87, while those in the 75th percentile pay approximately $298. For higher-valued properties, the tax bill can reach up to $473 at the 90th percentile. The median home price in Cleveland is $40,700, which significantly influences the property tax calculations. The assessed value, multiplied by the local tax rate, determines the annual tax bill. Factors such as property improvements, neighborhood developments, and overall market trends also play a role in the assessed value. Compared to the national median property tax rate of 0.99%, homeowners in Cleveland benefit from relatively lower tax obligations. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly for their property tax payments.
Average Cleveland Tax Bill
$182
Average Webster County Tax Bill
$149
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Cleveland, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26215 | $45 | $87 | $182 | $298 | $473 |
Source: Ownwell