Saint Marys, West Virginia Property Taxes
The median property tax rate in Saint Marys, WV is 0.72%, aligning with the state median but below the national median of 0.99%. With the median home value in Saint Marys at $81,700, the typical annual property tax bill amounts to $586, significantly less than the national median of $2,690. Property taxes in Saint Marys are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Saint Marys' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Saint Marys 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
Saint Marys, 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 Saint Marys Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Marys with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Marys 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 Saint Marys, West Virginia
Property taxes in Saint Marys, WV, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Marys is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Saint Marys set these rates annually, and they can vary across different neighborhoods. Each year, Saint Marys 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 Saint Marys' effective property tax rate to other areas in Pleasants County and the national median. For comparison, the zip code 26170 has the highest median property tax rate of 0.72%, while the lowest median tax rate in the county is also 0.72%. Understanding how these areas compare with Saint Marys provides valuable insights into the varying tax landscape across Pleasants County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Marys Tax Rate
0.72%
Average Pleasants County Tax Rate
0.72%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Marys, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26170 | 0.44% | 0.62% | 0.71% | 0.92% | 0.92% |
Source: Ownwell
Property Tax Assessment Values Across Saint Marys, West Virginia
In Saint Marys, 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 local appraisal authorities 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 Saint Marys, 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. For example, the highest median tax bill in the area is $586 in the 26170 zip code, which is also the lowest median 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 Saint Marys helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Saint Marys, West Virginia
Source: Ownwell
$42,900
$89,100
$135,300
Average Saint Marys Assessed Value
$81,700
Average Pleasants County Assessed Value
$82,700
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Marys, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26170 | $7,910 | $38,025 | $81,700 | $127,375 | $187,630 |
Source: Ownwell
Property Tax Bills Across Saint Marys, West Virginia
In Saint Marys, located in Pleasants County, WV, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is typically a percentage of the home's market value. For instance, with a median home price of $81,700, the property tax bill can vary significantly. Homeowners at the 25th percentile may see a tax bill around $268, while those at the 75th percentile could pay approximately $999. Several factors influence these tax bills, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Saint Marys offers relatively affordable property tax rates. The highest median tax bill in the area is $586, which is notably lower than many other regions. This affordability can be a significant advantage for homeowners, making Saint Marys an attractive place to live while keeping property tax expenses manageable.
Average Saint Marys Tax Bill
$586
Average Pleasants County Tax Bill
$593
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Marys, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26170 | $86 | $268 | $586 | $999 | $1,497 |
Source: Ownwell