Weirton, West Virginia Property Taxes
The median property tax rate in Weirton, WV is 0.91%, slightly below the national median of 0.99% but above the West Virginia state median of 0.72%. With a median home value of $80,900 in Weirton, the typical annual property tax bill amounts to $681, which is significantly lower than the national median of $2,690. Property taxes in Weirton are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Weirton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Weirton or another part of Hancock County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Weirton, West Virginia Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,440
Ownwell’s Weirton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weirton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weirton 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 Weirton, West Virginia
Property taxes in Weirton, 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 Weirton is 0.91%, slightly below the U.S. national median of 0.99%. Local government entities within Weirton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weirton 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 Weirton's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26062 zip code has both the highest and lowest median property tax rate of 0.91%. Understanding how these cities compare with Weirton provides valuable insights into the varying tax landscape across Hancock County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Weirton Tax Rate
0.91%
Average Hancock County Tax Rate
0.79%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weirton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26062 | 0.51% | 0.66% | 0.91% | 0.91% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Weirton, West Virginia
In Weirton, 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 Hancock 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 Weirton, 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. The median home price in Weirton is $80,900, with tax bills ranging from $438 at the 25th percentile to $1,453 at the 90th percentile. The highest and lowest median tax bills are both $681, found in zip code 26062. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Weirton Assessed Value
$80,900
Average Hancock County Assessed Value
$75,000
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Weirton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26062 | $22,700 | $54,500 | $80,900 | $105,075 | $149,400 |
Source: Ownwell
Property Tax Bills Across Weirton, West Virginia
In Weirton, Hancock County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the property's market value. For example, with a median home price of $80,900, homeowners can expect their property taxes to be a fraction of this value. The tax rate, or millage rate, is then applied to the assessed value to determine the annual tax bill. Factors such as property improvements, neighborhood changes, and market trends can influence the assessed value, thereby affecting the tax bill. Homeowners in Weirton can expect property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $438, while at the 75th percentile, it reaches $979. At the 90th percentile, it can go as high as $1,453. These variations highlight the importance of understanding how assessed values and tax rates impact the overall tax burden, especially when compared to the national median property tax rate of 0.99%.
Average Weirton Tax Bill
$681
Average Hancock County Tax Bill
$608
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Weirton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26062 | $225 | $438 | $681 | $979 | $1,453 |
Source: Ownwell