Marlinton, West Virginia Property Taxes
The median property tax rate in Marlinton, WV is 0.39%, 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 Marlinton, the typical annual property tax bill is $248, far below the national median of $2,690. Property taxes in Marlinton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Marlinton'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 Marlinton 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
Marlinton, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.39%
Estimate Property Tax Bill
$229
Ownwell’s Marlinton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marlinton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marlinton 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 Marlinton, West Virginia
Property taxes in Marlinton, 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 Marlinton is 0.39%, which is lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Marlinton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marlinton 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 Marlinton's effective property tax rate to other counties in West Virginia and the national median. For comparison, the highest median property tax rate in the state is 0.59%, while the lowest median tax rate is 0.29%. Understanding how these cities compare with Marlinton provides valuable insights into the varying tax landscape across Pocahontas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marlinton Tax Rate
0.39%
Average Pocahontas County Tax Rate
0.39%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marlinton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24954 | 0.26% | 0.39% | 0.39% | 0.53% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Marlinton, West Virginia
In Marlinton, 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 Marlinton, 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 Marlinton 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 $248.00 in zip code 24954, while the lowest median tax bill is also $248.00 in the same zip code.
Average Marlinton Assessed Value
$58,700
Average Pocahontas County Assessed Value
$74,800
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marlinton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24954 | $11,650 | $27,800 | $58,700 | $100,100 | $157,650 |
Source: Ownwell
Property Tax Bills Across Marlinton, West Virginia
In Marlinton, Pocahontas County, WV, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $58,700, homeowners can expect varying tax bills depending on their property's assessed value. The 25th percentile tax bill is around $124, while the 75th percentile tax bill reaches approximately $428. For those in the 90th percentile, the tax bill can be as high as $679. These tax bills are influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Marlinton's tax rate results in relatively lower tax bills. Homeowners in Marlinton benefit from these lower rates, which can make homeownership more affordable and appealing in this region.
Average Marlinton Tax Bill
$248
Average Pocahontas County Tax Bill
$346
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Marlinton, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24954 | $57 | $124 | $248 | $428 | $679 |
Source: Ownwell