Belleville, West Virginia Property Taxes
The median property tax rate in Belleville, WV is 0.66%, which is notably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Belleville at $84,950, the typical annual property tax bill is $529, significantly below the national median of $2,690. Property taxes in Belleville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Belleville'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 Belleville or another part of Wood County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belleville, 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 Belleville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belleville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belleville 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 Belleville, West Virginia
Property taxes in Belleville, West Virginia, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Belleville is 0.66%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Belleville set these rates annually, and they can vary across different neighborhoods. Each year, Belleville 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 Belleville's effective property tax rate to other areas in Wood County and the national median. For comparison, the zip code 26133 has both the highest and lowest median property tax rate of 0.66%. Understanding how these areas compare with Belleville provides valuable insights into the varying tax landscape across Wood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belleville Tax Rate
0.66%
Average Wood County Tax Rate
0.66%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belleville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26133 | 0.44% | 0.57% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Belleville, West Virginia
In Belleville, 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 Wood 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 Belleville, 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 Belleville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Belleville, the highest median tax bill is $529 in the 26133 zip code, while the lowest median tax bill is also $529 in the same zip code.
Property Tax Assessment Values Across Belleville, West Virginia
Source: Ownwell
$21,500
$82,725
$143,950
Average Belleville Assessed Value
$84,950
Average Wood County Assessed Value
$103,100
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belleville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26133 | $13,650 | $37,650 | $84,950 | $146,950 | $211,510 |
Source: Ownwell
Property Tax Bills Across Belleville, West Virginia
In Belleville, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Belleville, the median home price is $84,950. The property tax rate in the area is approximately 0.62%, which is significantly lower than the national median property tax rate of 0.99%. Homeowners can expect their tax bills to vary. For instance, those in the 25th percentile pay around $241, while those in the 75th percentile pay about $943. At the 90th percentile, tax bills can reach up to $1,332. These variations are influenced by factors such as property improvements, neighborhood developments, and changes in market conditions. Understanding these factors can help homeowners anticipate their tax obligations and manage their finances effectively. The highest median tax bill in the area is $529, which is consistent across all zip codes within Wood County, indicating a relatively stable property tax environment.
Average Belleville Tax Bill
$529
Average Wood County Tax Bill
$822
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Belleville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26133 | $99 | $241 | $529 | $943 | $1,332 |
Source: Ownwell