Bruceton Mills, Preston County, West Virginia Property Taxes
Median Bruceton Mills, 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 Bruceton Mills, WV home value: $22,100
Median annual Bruceton Mills, WV tax bill: $176, $2,224 lower than the national median property tax bill of $2,400.
How are property taxes in Preston calculated?
Property taxes in Bruceton Mills, 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 Bruceton Mills’ property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Bruceton Mills, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Bruceton Mills, 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
$141
$131
Property Tax Rates Across Bruceton Mills, Preston County, West Virginia
Local government entities determine tax rates, which can significantly differ within a state. Each year, counties calculate their necessary budget for providing services and divide this by the total value of all taxable property within their jurisdiction. This calculation establishes the property tax rate. Although votes and legislation are involved in setting these rates and budgets, this is essentially how the process unfolds annually.
In Bruceton Mills, located in Preston County, WV, the effective property tax rate is 0.64%. This rate aligns with both the highest and lowest median tax rates within the same zip code, showcasing a consistent approach across the region. When compared to the national median property tax rate of 1.02%, Bruceton Mills enjoys a notably lower rate, which can be beneficial for property owners seeking to minimize their tax burden. Additionally, the national median property tax bill stands at $2400, offering further context for understanding the local rates. This comparison highlights the favorable tax environment in Bruceton Mills and underscores the importance of local tax strategies in managing property expenses effectively.
Property Tax Rates Across Bruceton Mills, Preston County, West Virginia
Source: Ownwell
0.64%
0.64%
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 Bruceton Mills 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 Bruceton Mills, Preston County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26525 | 0.54% | 0.64% | 0.64% | 0.64% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Bruceton Mills, Preston County, West Virginia
When examining property taxes in Bruceton Mills, 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 Bruceton Mills.
For example, the median home price in Bruceton Mills is $22,100, with tax bills ranging significantly across the county. Zip code 26525 has the highest median home price at $22,100.
Property Tax Assessment Values Across Bruceton Mills, Preston County, West Virginia
Source: Ownwell
$22,100
$67,475
$112,850
Median Bruceton Mills Market Value
$22,100
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 Bruceton Mills, Preston County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26525 | $6,900 | $12,100 | $22,100 | $109,200 | $198,920 |
Source: Ownwell
Property Tax Bills Across Bruceton Mills, Preston County, West Virginia
Median Bruceton Mills Tax Bill
$176
Median Preston County Tax Bill
$473
Median West Virginia Tax Bill
$607
Median United States Tax Bill
$2,400
Property Tax Bills Across Bruceton Mills, Preston County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26525 | $55 | $94 | $176 | $727 | $1,323 |
Source: Ownwell