Bloomery, Hampshire County, West Virginia Property Taxes
Median Bloomery, WV effective property tax rate: 0.52%, significantly lower than the national median of 1.02%, but lower than the West Virginia state median of 0.72%.
Median Bloomery, WV home value: $146,650
Median annual Bloomery, WV tax bill: $762, $1,638 lower than the national median property tax bill of $2,400.
How are property taxes in Hampshire calculated?
Property taxes in Bloomery, 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 Bloomery’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bloomery, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bloomery, Hampshire County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.52%
Estimate Property Tax Bill
$763
$708
Property Tax Rates Across Bloomery, Hampshire County, West Virginia
Local government entities determine tax rates, resulting in significant variation within a state. Each county annually estimates its budget to provide essential services and divides this by the total value of all taxable property within its jurisdiction, leading to the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the annual process in a nutshell.
Bloomery, located in Hampshire County, West Virginia, boasts a property tax rate of 0.52%, significantly lower than the national median property tax rate of 1.02%. This lower rate is an attractive feature for homeowners seeking to reduce their property tax burden. Comparatively, Bloomery's rate aligns with the highest and lowest median tax rates within the state, both recorded at 0.52% in the 26817 zip code.
For residents and potential homeowners in Bloomery, this favorable tax rate can result in substantial savings compared to the national median property tax bill of $2,400. This makes Bloomery an appealing option for those prioritizing lower property taxes without compromising access to necessary services.
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 Bloomery Tax Rate
0.52%
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 Hampshire County Tax Rate
0.52%
Median Effective West Virginia Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Bloomery, Hampshire County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26817 | 0.40% | 0.47% | 0.52% | 0.52% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Bloomery, Hampshire County, West Virginia
When examining property taxes in Bloomery, 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 Hampshire 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.
In Hampshire County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Bloomery. For example, the median home price in Bloomery is $146,650, with tax bills ranging significantly across the county. Zip code 26817 has the highest median home price at $146,650.
Property Tax Assessment Values Across Bloomery, Hampshire County, West Virginia
Source: Ownwell
$61,800
$107,350
$152,900
Median Bloomery Market Value
$146,650
Median Hampshire County Market Value
$102,800
Median West Virginia Market Value
$80,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Bloomery, Hampshire County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26817 | $46,170 | $105,325 | $146,650 | $184,700 | $252,770 |
Source: Ownwell
Property Tax Bills Across Bloomery, Hampshire County, West Virginia
Median Bloomery Tax Bill
$762
Median Hampshire County Tax Bill
$567
Median West Virginia Tax Bill
$607
Median United States Tax Bill
$2,400
Property Tax Bills Across Bloomery, Hampshire County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26817 | $319 | $545 | $762 | $1,088 | $1,360 |
Source: Ownwell
