Richwood, Greenbrier County, West Virginia Property Taxes
Property Taxes in Richwood, West Virginia
Median Richwood, West Virginia effective property tax rate: 0.56%, significantly lower than the national median of 1.02%, and lower than the West Virginia state median of 0.71%.
Median Richwood, West Virginia home value: $60,400
Median annual Richwood, West Virginia tax bill: $312, lower than the national median property tax bill of $2,400.
How are property taxes in Greenbrier County calculated?
Property taxes in Richwood, West Virginia 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 Richwood's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Richwood, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Richwood, Greenbrier County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.56%
Estimate Property Tax Bill
$338
$314
How Does the Richwood Property Tax Calculator Work?
Use this Richwood property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Richwood's median effective tax rate of 0.56% — based on actual property records in Greenbrier County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Richwood's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Richwood: rates range from $312 in 26261 to $312 in 26261, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Richwood.
About Richwood Property Taxes
About Property Taxes in Richwood, Greenbrier, West Virginia
Richwood’s median effective property tax rate of 0.56% is lower than the West Virginia state median of 0.71% and lower than the national median of 1.02%. This rate reflects the Greenbrier County base levy combined with local school district levies and special assessment districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Richwood. Homeowners in the 26261 ZIP code carry a median effective rate of 0.56%, while those in the same ZIP also pay 0.56%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Greenbrier County. Understanding which part of Richwood you live in can make a meaningful difference to your annual tax bill.
Richwood homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the February 20, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Richwood, Greenbrier County, West Virginia
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Richwood's effective property tax rate to other cities in West Virginia and the median property tax rates in West Virginia and the U.S.
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 Richwood Tax Rate
0.56%
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 Greenbrier County Tax Rate
0.56%
Median Effective West Virginia Tax Rate
0.71%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Richwood, Greenbrier County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26261 | 0.34% | 0.56% | 0.56% | 0.56% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Richwood, Greenbrier County, West Virginia
When examining property taxes in Richwood, West Virginia, 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 Greenbrier County appraisal district 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.
Assessment notices:
In Greenbrier County, assessment notices are sent in January each year. They'll typically reach your mailbox by the middle of January.
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. For Richwood homeowners, the median home price is $60,400, and the median tax bill is $312. The highest median home price in the area is $60,400 in ZIP code 26261.
Property Tax Assessment Values Across Richwood, Greenbrier County, West Virginia
Source: Ownwell
$22,150
$84,525
$146,900
Median Richwood Market Value
$60,400
Median Greenbrier County Market Value
$74,900
Median West Virginia Market Value
$85,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Richwood, Greenbrier County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26261 | $7,260 | $27,500 | $60,400 | $86,100 | $138,120 |
Source: Ownwell
Property Tax Bills Across Richwood, Greenbrier County, West Virginia
Richwood property tax bills are calculated from the assessed value of a home and the local tax rate set by Greenbrier County and other taxing authorities. The assessed value is based on the market value of the property, and the final bill reflects how that value is taxed after any exemptions or adjustments are applied. For homeowners, this means the amount owed can change when a home’s market value changes or when local rates are updated.
In Richwood, the median home price is $60,400, which helps explain why tax bills are relatively modest compared with many places nationwide. The median property tax bill in the area is $312.00, while the 25th percentile is $152 and the 75th percentile is $414. At the 90th percentile, bills reach $661. Since the national median property tax rate is 1.02% and the national median property tax bill is $2,400, many homeowners in Richwood pay less than the national norm, but rising assessed values can still increase annual costs.
Median Richwood Tax Bill
$312
Median Greenbrier County Tax Bill
$470
Median West Virginia Tax Bill
$629
Median United States Tax Bill
$2,400
Property Tax Bills Across Richwood, Greenbrier County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26261 | $71 | $152 | $312 | $414 | $661 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | February 20 |
Links | |
|---|---|
| Greenbrier Tax Assessor | |
| Website | mapwv.gov |