Moundsville, West Virginia Property Taxes
The median property tax rate in Moundsville, WV is 0.60%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Moundsville at $74,600, the typical annual property tax bill amounts to $513, well below the national median of $2,690. Property taxes in Moundsville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Moundsville'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 Moundsville 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
Moundsville, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$448
Ownwell’s Moundsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moundsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moundsville 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 Moundsville, West Virginia
Property taxes in Moundsville, 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 Moundsville is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Moundsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moundsville 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 Moundsville's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 26041 has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these cities compare with Moundsville provides valuable insights into the varying tax landscape across Marshall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moundsville Tax Rate
0.60%
Average Marshall County Tax Rate
0.60%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moundsville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26041 | 0.37% | 0.50% | 0.60% | 0.75% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Moundsville, West Virginia
In Moundsville, 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 Marshall 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 Moundsville, 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 Moundsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Moundsville is $513 in zip code 26041, while the lowest median tax bill is also $513 in the same zip code.
Property Tax Assessment Values Across Moundsville, West Virginia
Source: Ownwell
$46,300
$83,100
$119,900
Average Moundsville Assessed Value
$74,600
Average Marshall County Assessed Value
$76,200
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moundsville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26041 | $19,000 | $47,200 | $74,600 | $108,700 | $152,540 |
Source: Ownwell
Property Tax Bills Across Moundsville, West Virginia
In Moundsville, property tax bills are calculated based on the assessed value of a property, which is determined by the Marshall County Assessor's office. This assessed value typically reflects a percentage of the property's market value. Homeowners in Moundsville can expect their property tax bills to be influenced by several factors, including the property's location, size, and any improvements made. For instance, the median home price in Moundsville is $74,600, and the property tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in the 25th percentile of tax bills pay around $292, while those in the 75th percentile pay approximately $765. The 90th percentile sees tax bills as high as $1,108. Compared to the national median property tax rate of 0.99%, Moundsville's rates are relatively moderate, making it an affordable place for homeowners. Understanding these factors helps homeowners anticipate and plan for their annual property tax expenses.
Average Moundsville Tax Bill
$513
Average Marshall County Tax Bill
$513
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Moundsville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26041 | $130 | $292 | $513 | $765 | $1,108 |
Source: Ownwell