Sistersville, West Virginia Property Taxes
The median property tax rate in Sistersville, WV is 0.65%, notably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $54,700 in Sistersville, the typical annual property tax bill is $408, significantly below the national median of $2,690. Property taxes in Sistersville 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 land. Understanding Sistersville'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 Sistersville or another part of Tyler County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sistersville, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$356
Ownwell’s Sistersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sistersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sistersville 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 Sistersville, West Virginia
Property taxes in Sistersville, 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 Sistersville is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Sistersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sistersville 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 Sistersville's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 26175 has both the highest and lowest median property tax rate of 0.65%. Understanding how these rates compare with Sistersville provides valuable insights into the varying tax landscape across Tyler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sistersville Tax Rate
0.65%
Average Tyler County Tax Rate
0.65%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sistersville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26175 | 0.39% | 0.64% | 0.65% | 0.88% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Sistersville, West Virginia
In Sistersville, 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 Tyler 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 Sistersville, 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 Sistersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 26175 has the highest median tax bill at $408.00, while the lowest is also $408.00 in the same zip code.
Property Tax Assessment Values Across Sistersville, West Virginia
Source: Ownwell
$39,600
$63,800
$88,000
Average Sistersville Assessed Value
$54,700
Average Tyler County Assessed Value
$59,000
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sistersville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26175 | $3,300 | $20,700 | $54,700 | $99,550 | $140,300 |
Source: Ownwell
Property Tax Bills Across Sistersville, West Virginia
In Sistersville, Tyler County, WV, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The median home price in Sistersville is $54,700. Property tax rates in the area are determined by local taxing authorities and are applied to the assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For example, homeowners in the 25th percentile can expect a tax bill around $177, while those in the 75th percentile may see bills closer to $716. At the 90th percentile, tax bills can reach up to $1,061. The highest median tax bill in the region is $408, which is significantly lower than the national median property tax rate of 0.99%. This relatively low tax burden can make homeownership more affordable in Sistersville, benefiting residents by reducing their annual expenses.
Average Sistersville Tax Bill
$408
Average Tyler County Tax Bill
$399
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Sistersville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26175 | $61 | $177 | $408 | $716 | $1,061 |
Source: Ownwell