Wheeling, West Virginia Property Taxes
The median property tax rate in Wheeling, WV is 0.80%, slightly below the national median of 0.99% but higher than the West Virginia state median of 0.72%. With a median home value of $48,900 in Wheeling, the typical annual property tax bill amounts to $453, which is significantly lower than the national median of $2,690. Property taxes in Wheeling are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Wheeling'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 Wheeling 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
Wheeling, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$391
Ownwell’s Wheeling Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wheeling with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wheeling 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 Wheeling, West Virginia
Property taxes in Wheeling, 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 Wheeling is 0.80%, which is lower than the U.S. national median of 0.99%. Local government entities within Wheeling set these rates annually, and they can vary across different neighborhoods. Each year, Wheeling 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 Wheeling's effective property tax rate to other areas in Brooke County and the national median. For comparison, the zip code 26003 has the highest median property tax rate of 0.80%, while also having the lowest median tax rate of 0.80%. Understanding how these areas compare with Wheeling provides valuable insights into the varying tax landscape across Brooke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wheeling Tax Rate
0.80%
Average Brooke County Tax Rate
0.80%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wheeling, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26003 | 0.49% | 0.80% | 0.80% | 1.10% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Wheeling, West Virginia
In Wheeling, 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 Wheeling, 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 Wheeling helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills both stand at $453 in the 26003 zip code.
Average Wheeling Assessed Value
$48,900
Average Brooke County Assessed Value
$65,500
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wheeling, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26003 | $12,560 | $22,900 | $48,900 | $86,600 | $131,440 |
Source: Ownwell
Property Tax Bills Across Wheeling, West Virginia
In Wheeling, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value, often lower than the actual market price. The tax rate, or millage rate, is then applied to this assessed value to calculate the tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Wheeling can expect a wide range of tax bills. The 25th percentile tax bill is around $184, while the 75th percentile reaches $841, and the 90th percentile goes up to $1,682. The median home price in Wheeling is $48,900, which is significantly lower than the national median, making the property taxes relatively affordable compared to other regions. These property taxes fund essential local services such as schools, emergency services, and infrastructure maintenance, directly impacting the quality of life for homeowners in Wheeling. Understanding how these taxes are calculated helps homeowners anticipate their annual financial obligations and plan accordingly.
Average Wheeling Tax Bill
$453
Average Brooke County Tax Bill
$517
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Wheeling, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26003 | $111 | $184 | $453 | $841 | $1,682 |
Source: Ownwell