26416 Property Tax Rate

Property owners in ZIP code 26416 (Philippi, West Virginia) pay a median of $583/year in property taxes on homes valued at $136,500. This translates to an effective tax rate of 0.43%, which is 21% below the West Virginia state average of 0.54%.

The monthly property tax burden for a median-valued home in 26416 is approximately $49, which factors into escrow payments on mortgages. This ZIP code is located within Barbour County.

Compared to similar ZIP codes in West Virginia, 26416 has lower property taxes. ZIP codes with similar effective rates include 25434 (0.43%) and 26463 (0.43%).

In Philippi, property taxes represent approximately 1.2% of the median household income of $48,740, providing context for the relative tax burden on homeowners in this area.

West Virginia reassesses property at fair market value upon sale, with the new owner's initial tax bill based on the purchase price or current appraisal. Barbour County offers homestead exemptions and senior/disabled owner exemptions — file your application with the Barbour County Assessor's office to qualify for annual tax reductions. After closing, request a property assessment review from the Barbour County Assessor to confirm accurate valuation and exemption status.