Terra Alta, Preston County, West Virginia Property Taxes
Median Terra Alta, 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 Terra Alta, WV home value: $91,900. Median annual Terra Alta, WV tax bill: $612, $1,788 lower than the national median property tax bill of $2,400.
How are property taxes in Preston County calculated?
Property taxes in Terra Alta, 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 Terra Alta’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Terra Alta, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Terra Alta, 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
$588
$546
Property Tax Rates Across Terra Alta, Preston County, West Virginia
Local government entities set tax rates, which can vary widely within a state. This variation occurs 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 annual process in a nutshell.
In Terra Alta, located in Preston County, WV, the effective property tax rate is 0.64%, which is below the national median of 1.02%. This rate is consistent with the highest and lowest median tax rates in the area, indicating a uniform tax environment within the region. When compared to the national median property tax bill of $2400, homeowners in Terra Alta benefit from a lower tax burden. This lower rate can be appealing to property owners looking for affordability in property taxes. Understanding these rates can help residents and potential buyers make informed decisions about property investments in the area.
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 Terra Alta 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 Terra Alta, Preston County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26764 | 0.41% | 0.56% | 0.64% | 0.83% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Terra Alta, Preston County, West Virginia
When examining property taxes in Terra Alta, 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 appraiser 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 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 Terra Alta. For example, the median home price in Terra Alta is $91,900, with tax bills ranging significantly across the county. ZIP code 26764 has the highest median home price at $91,900.
Property Tax Assessment Values Across Terra Alta, Preston County, West Virginia
Source: Ownwell
$22,100
$67,475
$112,850
Median Terra Alta Market Value
$91,900
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 Terra Alta, Preston County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26764 | $15,420 | $47,850 | $91,900 | $146,200 | $212,880 |
Source: Ownwell
Property Tax Bills Across Terra Alta, Preston County, West Virginia
In Terra Alta, located in Preston County, WV, property tax bills are calculated based on the assessed value of your home. The median home price in this area is $91,900, which is relatively low compared to national figures. The property tax rate in West Virginia is generally lower than the national median rate of 1.02%, leading to a more affordable tax burden for homeowners. The median property tax bill in Terra Alta is $612, which is also significantly below the national median of $2,400.
Several factors influence the tax bill, including the assessed value of the property and the local tax rate. Homeowners in Terra Alta can expect their tax bills to fall within the 25th percentile at $336 or reach up to the 90th percentile at $1,438, depending on their property's value and location.
Ownwell can assist homeowners by providing expert property tax appeal and exemption services, potentially lowering their tax bills. Through a comprehensive review of your property assessment, Ownwell ensures you are not overpaying on your property taxes, offering significant savings and peace of mind.
Median Terra Alta Tax Bill
$612
Median Preston County Tax Bill
$473
Median West Virginia Tax Bill
$607
Median United States Tax Bill
$2,400
Property Tax Bills Across Terra Alta, Preston County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26764 | $157 | $336 | $612 | $972 | $1,438 |
Source: Ownwell