24957 Property Tax Rate

Property owners in ZIP code 24957 (Maxwelton, West Virginia) pay a median of $2,038/year in property taxes on homes valued at $311,300. This translates to an effective tax rate of 0.65%, which is 22% above the West Virginia state average of 0.54%.

The monthly property tax burden for a median-valued home in 24957 is approximately $170, which factors into escrow payments on mortgages. This ZIP code is located within Greenbrier County. This is $1,377 more than the West Virginia average of $661/year.

Compared to similar ZIP codes in West Virginia, 24957 has higher property taxes. ZIP codes with similar effective rates include 24871 (0.65%) and 25177 (0.66%).

West Virginia reassesses property at fair market value when sold, with no state-level homestead exemption or cap on increases — Greenbrier County's $243,700 median home will be reappraised at purchase price. A Senior Homestead Exemption program exists for residents 65+ meeting income and residency thresholds; the Greenbrier County Assessor's office administers applications and sets local limits. Contact the Greenbrier County Assessor after closing to request a Senior Homestead Exemption application if you are 65 or older and have owned your primary residence for the required period.