26847 Property Tax Rate

Property owners in ZIP code 26847 (Petersburg, West Virginia) pay a median of $589/year in property taxes on homes valued at $169,000. This translates to an effective tax rate of 0.35%, which is 35% below the West Virginia state average of 0.54%.

The monthly property tax burden for a median-valued home in 26847 is approximately $49, which factors into escrow payments on mortgages. This ZIP code is located within Grant County.

Compared to similar ZIP codes in West Virginia, 26847 has higher property taxes. ZIP codes with similar effective rates include 24938 (0.35%) and 25969 (0.35%).

In Petersburg, property taxes represent approximately 1.1% of the median household income of $54,611, providing context for the relative tax burden on homeowners in this area.

West Virginia reassesses property at fair market value upon sale, establishing the new owner's tax base based on the purchase price or current appraisal. Grant County provides homestead exemptions and senior/disabled exemptions that lower your taxable assessed value — file your application with the Grant County Assessor's office to begin receiving tax relief. Contact the Grant County Assessor within 90 days of closing to submit your exemption claim and verify your assessment is fair and accurate.