Moatsville, West Virginia Property Taxes
The median property tax rate in Moatsville, WV is 0.39%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $89,850 in Moatsville, the typical annual property tax bill amounts to $359, well below the national median of $2,690. Property taxes in Moatsville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Moatsville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Moatsville or another part of Barbour County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moatsville, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$350
Ownwell’s Moatsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moatsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moatsville to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Moatsville, West Virginia
Property taxes in Moatsville, West Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moatsville is 0.39%, which is lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Moatsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moatsville estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Moatsville's effective property tax rate to other counties in West Virginia and the national median. For comparison, the highest median property tax rate in West Virginia is significantly higher than Moatsville's rate, while the lowest median tax rate is also higher than Moatsville's. Understanding how these cities compare with Moatsville provides valuable insights into the varying tax landscape across Barbour County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moatsville Tax Rate
0.39%
Average Barbour County Tax Rate
0.39%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moatsville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26405 | 0.25% | 0.35% | 0.39% | 0.39% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Moatsville, West Virginia
In Moatsville, West Virginia, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Barbour County Assessor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Moatsville, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Moatsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 26405 with a median of $359.
Property Tax Assessment Values Across Moatsville, West Virginia
Source: Ownwell
$16,350
$69,650
$122,950
Average Moatsville Assessed Value
$89,850
Average Barbour County Assessed Value
$69,800
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moatsville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26405 | $14,950 | $38,800 | $89,850 | $134,800 | $196,950 |
Source: Ownwell
Property Tax Bills Across Moatsville, West Virginia
In Moatsville, Barbour County, WV, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of your property. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For example, if your home is valued at $89,850, your property tax bill can vary significantly. Homeowners in Moatsville can expect tax bills ranging from $178 at the 25th percentile to $792 at the 90th percentile. The median tax bill in the area is $359, which is considerably lower than the national median property tax rate of 0.99%. These taxes fund essential public services such as schools, infrastructure, and emergency services. Understanding how property tax bills are calculated can help homeowners budget more effectively and potentially identify opportunities for tax relief or exemptions.
Average Moatsville Tax Bill
$359
Average Barbour County Tax Bill
$319
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Moatsville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26405 | $84 | $178 | $359 | $536 | $792 |
Source: Ownwell