Mannington, West Virginia Property Taxes
The median property tax rate in Mannington, WV is 0.74%, slightly higher than the state median of 0.72% but below the national median of 0.99%. With a median home value of $76,200, the typical annual property tax bill in Mannington is $613, significantly lower than the national median of $2,690. Property taxes in Mannington are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural land. Understanding Mannington'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 Mannington or another part of Marion County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mannington, 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 Mannington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mannington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mannington 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 Mannington, West Virginia
Property taxes in Mannington, WV, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mannington is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Mannington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mannington 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 Mannington's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 26582 has both the highest and lowest median property tax rate of 0.74%. Understanding how these cities compare with Mannington provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mannington Tax Rate
0.74%
Average Marion County Tax Rate
0.74%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mannington, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26582 | 0.44% | 0.61% | 0.74% | 0.89% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Mannington, West Virginia
In Mannington, 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 local appraisal district 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 Mannington, 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. The median home price in Mannington is $76,200, with tax bills ranging from $343 at the 25th percentile to $1,430 at the 90th percentile. The highest and lowest median tax bill is $613, both found in the 26582 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mannington, West Virginia
Source: Ownwell
$7,100
$122,075
$237,050
Average Mannington Assessed Value
$76,200
Average Marion County Assessed Value
$104,800
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mannington, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26582 | $22,500 | $44,500 | $76,200 | $120,000 | $174,900 |
Source: Ownwell
Property Tax Bills Across Mannington, West Virginia
In Mannington, property tax bills are calculated based on the assessed value of a property, which is determined by the Marion County Assessor's office. This assessed value is a percentage of the property's market value. For homeowners, the tax bill is influenced by various factors including the property's location, size, and any applicable exemptions or deductions. The median home price in Mannington stands at $76,200, and property tax rates are applied to this assessed value to determine the final tax bill. Homeowners in the 25th percentile can expect a tax bill around $343, while those in the 75th percentile might see bills up to $961. For higher-valued properties, tax bills can reach up to $1,430 in the 90th percentile. Comparatively, the median property tax bill in the area is $613, which is lower than the national median property tax rate of 0.99%. This relatively lower tax burden can make homeownership more affordable in Mannington, benefiting both current residents and potential homebuyers.
Average Mannington Tax Bill
$613
Average Marion County Tax Bill
$886
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Mannington, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26582 | $167 | $343 | $613 | $961 | $1,430 |
Source: Ownwell