Follansbee, Brooke County, West Virginia Property Taxes
Median Follansbee, WV effective property tax rate: 0.80%, significantly lower than the national median of 1.02%, but higher than the West Virginia state median of 0.72%.
Median Follansbee, WV home value: $66,900
Median annual Follansbee, WV tax bill: $514, $1,886 lower than the national median property tax bill of $2,400.
How are property taxes in Brooke calculated?
Property taxes in Follansbee, WV are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Follansbee’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Follansbee, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Follansbee, Brooke County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.8%
Estimate Property Tax Bill
$535
$497
Property Tax Rates Across Follansbee, Brooke County, West Virginia
Local government entities determine property tax rates, which can differ significantly within a state. Each year, counties estimate the funds needed to provide public services and then divide that by the total assessed value of all taxable properties within their jurisdiction. This process results in the property tax rate. Although the setting of tax rates and budgets involves votes and legislation, this is essentially the yearly procedure.
In Follansbee, located in Brooke County, the effective property tax rate is 0.80%. This rate is consistent across the city, making it both the highest and lowest within the area, as indicated by the uniform rate in the zip code 26037. Compared to the national median property tax rate of 1.02%, Follansbee's rate is notably lower. Additionally, the national median property tax bill stands at $2400, providing a useful benchmark for residents to evaluate their local property tax obligations. By understanding these figures, property owners in Follansbee can better appreciate how their tax rates compare both within the state of West Virginia and across the country.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Follansbee Tax Rate
0.80%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Brooke County Tax Rate
0.80%
Median Effective West Virginia Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Follansbee, Brooke County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26037 | 0.41% | 0.58% | 0.80% | 0.95% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Follansbee, Brooke County, West Virginia
When examining property taxes in Follansbee, WV, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Brooke County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Brooke County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Follansbee. For example, the median home price in Follansbee is $66,900, with tax bills ranging significantly across the county. The zip code 26037 has the highest median home price at $66,900.
Property Tax Assessment Values Across Follansbee, Brooke County, West Virginia
Source: Ownwell
$31,500
$56,375
$81,250
Median Follansbee Market Value
$66,900
Median Brooke County Market Value
$65,500
Median West Virginia Market Value
$80,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Follansbee, Brooke County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26037 | $20,600 | $41,450 | $66,900 | $93,350 | $130,620 |
Source: Ownwell
Property Tax Bills Across Follansbee, Brooke County, West Virginia
Median Follansbee Tax Bill
$514
Median Brooke County Tax Bill
$517
Median West Virginia Tax Bill
$607
Median United States Tax Bill
$2,400
Property Tax Bills Across Follansbee, Brooke County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26037 | $138 | $307 | $514 | $780 | $1,155 |
Source: Ownwell