Albright, Preston County, West Virginia Property Taxes
Median Albright, WV effective property tax rate: 0.64%, significantly lower than the national median of 1.02%, but lower than the West Virginia state median of 0.72%.
Median Albright, WV home value: $86,000
Median annual Albright, WV tax bill: $534, $1,866 lower than the national median property tax bill of $2,400.
How are property taxes in Preston County calculated?
Property taxes in Albright, 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 Albright’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Albright, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Albright, Preston County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.64%
Estimate Property Tax Bill
$550
$511
Property Tax Rates Across Albright, Preston County, West Virginia
Local government entities are responsible for setting property tax rates, which can vary significantly within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the essence of the annual process.
In Albright, located in Preston County, West Virginia, the effective property tax rate stands at 0.64%. This rate is noticeably lower than the national median property tax rate of 1.02%. When comparing Albright's property tax rate to other cities within West Virginia, it aligns with the state's median. The local tax rate reflects regional economic conditions and the county's budgetary needs, offering potential savings for property owners when contrasted with the national average. Understanding these rates can be crucial for property owners looking to optimize their tax liabilities and capitalize on potential savings.
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 Albright Tax Rate
0.64%
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 Preston County Tax Rate
0.64%
Median Effective West Virginia Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Albright, Preston County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26519 | 0.40% | 0.55% | 0.64% | 0.64% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Albright, Preston County, West Virginia
When examining property taxes in Albright, 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 Preston 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 Preston 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 Albright.
For example, the median home price in Albright is $86,000, with tax bills ranging significantly across the county. Zip code 26519 has the highest median home price at $86,000.
Property Tax Assessment Values Across Albright, Preston County, West Virginia
Source: Ownwell
$22,100
$67,475
$112,850
Median Albright Market Value
$86,000
Median Preston County Market Value
$68,500
Median West Virginia Market Value
$80,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Albright, Preston County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26519 | $12,620 | $40,900 | $86,000 | $131,000 | $188,720 |
Source: Ownwell
Property Tax Bills Across Albright, Preston County, West Virginia
Median Albright Tax Bill
$534
Median Preston County Tax Bill
$473
Median West Virginia Tax Bill
$607
Median United States Tax Bill
$2,400
Property Tax Bills Across Albright, Preston County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26519 | $144 | $299 | $534 | $845 | $1,263 |
Source: Ownwell