Triadelphia, West Virginia Property Taxes
The median property tax rate in Triadelphia, WV is 0.69%, which is notably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Triadelphia at $85,200, the typical annual property tax bill amounts to $672, significantly below the national median of $2,690. Property taxes in Triadelphia are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Triadelphia'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 Triadelphia or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Triadelphia, 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 Triadelphia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Triadelphia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Triadelphia 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 Triadelphia, West Virginia
Property taxes in Triadelphia, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Triadelphia is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Triadelphia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Triadelphia 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 Triadelphia's effective property tax rate to other areas in Ohio County and the national median. For comparison, the zip code 26059 has both the highest and lowest median property tax rate of 0.69%. Understanding how these areas compare with Triadelphia provides valuable insights into the varying tax landscape across Ohio County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Triadelphia Tax Rate
0.69%
Average Ohio County Tax Rate
0.89%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Triadelphia, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26059 | 0.45% | 0.67% | 0.69% | 0.84% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Triadelphia, West Virginia
In Triadelphia, 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 Ohio County Assessor's Office 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 Triadelphia, 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 Triadelphia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $672.00 in the 26059 zip code, while the lowest median tax bill is also $672.00 in the same zip code.
Property Tax Assessment Values Across Triadelphia, West Virginia
Source: Ownwell
$44,300
$86,250
$128,200
Average Triadelphia Assessed Value
$85,200
Average Ohio County Assessed Value
$94,700
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Triadelphia, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26059 | $12,700 | $45,100 | $85,200 | $170,400 | $251,200 |
Source: Ownwell
Property Tax Bills Across Triadelphia, West Virginia
In Triadelphia, located in Ohio County, WV, property tax bills are calculated based on the assessed value of your home, which is determined by the local assessor's office. This assessed value is a percentage of the market value of your property. For instance, with a median home price of $85,200, the tax bill can vary significantly depending on the precise assessed value and applicable tax rates. The tax bill is influenced by several factors, including property size, age, location, and any improvements made to the property. In Triadelphia, the 25th percentile tax bill is $353, while the 75th percentile tax bill rises to $1,268. For those in the 90th percentile, the tax bill can reach up to $1,893. Homeowners in Triadelphia may find their property tax bills higher or lower than the national median property tax rate of 0.99%, depending on these factors. Understanding these elements can help homeowners anticipate their annual tax obligations and plan accordingly.
Average Triadelphia Tax Bill
$672
Average Ohio County Tax Bill
$851
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Triadelphia, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26059 | $129 | $353 | $672 | $1,268 | $1,893 |
Source: Ownwell