Pleasant Valley, West Virginia Property Taxes
The median property tax rate in Pleasant Valley, WV is 1.17%, which is considerably higher than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $25,800 in Pleasant Valley, the typical annual property tax bill reaches $381, still below the national median of $2,690. Property taxes in Pleasant Valley are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pleasant Valley'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 Pleasant Valley or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pleasant Valley, 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 Pleasant Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pleasant Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pleasant Valley 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 Pleasant Valley, West Virginia
Property taxes in Pleasant Valley, 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 Pleasant Valley is 1.17%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Pleasant Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pleasant Valley 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. Understanding how Pleasant Valley's effective property tax rate compares to other areas in Marion County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pleasant Valley Tax Rate
1.17%
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 Pleasant Valley, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26554 | 0.86% | 0.98% | 1.17% | 1.37% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Pleasant Valley, West Virginia
In Pleasant Valley, 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 Marion 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 Pleasant Valley, 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 Pleasant Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median tax bill in the 26554 zip code stands at $381.
Property Tax Assessment Values Across Pleasant Valley, West Virginia
Source: Ownwell
$7,100
$122,075
$237,050
Average Pleasant Valley Assessed Value
$25,800
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 Pleasant Valley, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26554 | $9,720 | $15,750 | $25,800 | $35,850 | $41,880 |
Source: Ownwell
Property Tax Bills Across Pleasant Valley, West Virginia
In Pleasant Valley, property tax bills are calculated based on the assessed value of the home, which is determined by local tax assessors. The assessed value is a percentage of the market value of the property. Factors such as property size, location, and condition can influence this assessed value. Homeowners in Pleasant Valley, located in Marion County, experience a range of property tax bills. For instance, the 25th percentile tax bill is $213, while the 75th percentile reaches $549, and the 90th percentile is $649. This variation highlights how different property values and assessments can impact the amount homeowners owe. For comparison, the national median property tax rate is 0.99%, making Pleasant Valley's property taxes relatively moderate. Understanding these factors can help homeowners anticipate their tax obligations and manage their finances more effectively.
Average Pleasant Valley Tax Bill
$381
Average Marion County Tax Bill
$886
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Pleasant Valley, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26554 | $112 | $213 | $381 | $549 | $649 |
Source: Ownwell