Brohard, West Virginia Property Taxes
The median property tax rate in Brohard, WV is 0.72%, which aligns with the West Virginia state median but remains below the national median of 0.99%. With a median home value of $48,850, the typical annual property tax bill in Brohard is $330, significantly less than the national median of $2,690. Property taxes in Brohard are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Brohard'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 Brohard or another part of Wirt County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brohard, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$352
Ownwell’s Brohard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brohard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brohard 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 Brohard, West Virginia
Property taxes in Brohard, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brohard is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Brohard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brohard 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 Brohard's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 26138 has the highest median property tax rate of 0.72%, while the same zip code also has the lowest median tax rate of 0.72%. Understanding how these areas compare with Brohard provides valuable insights into the varying tax landscape across Wirt County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brohard Tax Rate
0.72%
Average Wirt County Tax Rate
0.72%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brohard, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26138 | 0.35% | 0.72% | 0.72% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Brohard, West Virginia
In Brohard, 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 Wirt County Assessor’s Office 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 Brohard, 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 zip code 26138 has the highest median tax bill at $330. 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 Brohard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brohard Assessed Value
$48,850
Average Wirt County Assessed Value
$51,900
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brohard, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26138 | $22,680 | $31,950 | $48,850 | $66,625 | $95,300 |
Source: Ownwell
Property Tax Bills Across Brohard, West Virginia
In the city of Brohard, located in Wirt County, 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 Brohard is $48,850. The local property tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property improvements, neighborhood developments, and changes in market trends. For homeowners in Brohard, the property tax bill can vary significantly. At the 25th percentile, the tax bill is around $185, while at the 75th percentile, it reaches approximately $477. The 90th percentile tax bill can go up to $655. These variations highlight how different factors such as property size and location within the city can impact the tax amount. Comparatively, the highest median tax bill in the nearby zip code 26138 is $330. Understanding these calculations helps homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Brohard Tax Bill
$330
Average Wirt County Tax Bill
$340
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Brohard, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26138 | $74 | $185 | $330 | $477 | $655 |
Source: Ownwell