Point Pleasant, West Virginia Property Taxes
The median property tax rate in Point Pleasant, WV is 0.71%, which is lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $81,900 in Point Pleasant, the typical annual property tax bill is $625, significantly below the national median of $2,690. Property taxes in Point Pleasant are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding the property tax system in Point Pleasant, exploring available exemptions, and seeking opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Point Pleasant or another part of Mason County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Point Pleasant, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$581
Ownwell’s Point Pleasant Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Point Pleasant. By simply entering your property's estimated assessed value, the calculator applies the median tax rate specific to Point Pleasant to provide an accurate estimate of your property tax bill. This intuitive tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed insights, including trends at the neighborhood level, additional localized information is available as you scroll down. The assessed value of your property, determined by Mason County, forms the basis for these calculations and includes any applicable exemptions.
Property Tax Rates Across Point Pleasant, West Virginia
Property taxes in Point Pleasant, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Point Pleasant is 0.55%, significantly lower than both the West Virginia state median of 0.59% and the U.S. national median of 0.99%. Local government entities within Point Pleasant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Point Pleasant estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all assessed 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 Point Pleasant's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 25550 zip code has the highest median property tax rate of 0.55%, while the same zip code also has the lowest median tax rate of 0.55%. Understanding how these cities compare with Point Pleasant provides valuable insights into the varying tax landscape across Mason County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Point Pleasant Tax Rate
0.71%
Average Mason County Tax Rate
0.71%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Point Pleasant, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25550 | 0.40% | 0.57% | 0.71% | 0.86% | 1.72% |
Source: Ownwell
Property Tax Assessment Values Across Point Pleasant, West Virginia
In Point Pleasant, 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 Point Pleasant, 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 Point Pleasant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $81,900, with tax bills ranging from $345 at the 25th percentile to $1,360 at the 90th percentile. The zip code with the highest and lowest median tax bill is 25550, both at $625.
Property Tax Assessment Values Across Point Pleasant, West Virginia
Source: Ownwell
$11,400
$59,350
$107,300
Average Point Pleasant Assessed Value
$81,900
Average Mason County Assessed Value
$68,400
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Point Pleasant, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25550 | $20,400 | $47,700 | $81,900 | $117,975 | $163,510 |
Source: Ownwell
Property Tax Bills Across Point Pleasant, West Virginia
In Point Pleasant, located in Mason County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Point Pleasant is $81,900, and the property tax rate in Mason County is relatively low compared to the national median property tax rate of 0.99%. Homeowners in Point Pleasant typically see tax bills ranging from $345 at the 25th percentile to $931 at the 75th percentile, with the 90th percentile reaching up to $1,360. The highest and lowest median tax bills in the area are both $625, indicating a level of consistency in property tax assessments. These tax bills can significantly impact homeowners, influencing their overall housing costs and financial planning. Understanding how these factors interplay can help homeowners better navigate their property tax obligations.
Average Point Pleasant Tax Bill
$625
Average Mason County Tax Bill
$486
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Point Pleasant, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25550 | $154 | $345 | $625 | $931 | $1,360 |
Source: Ownwell