Mount Zion, West Virginia Property Taxes
The median property tax rate in Mount Zion, WV is 0.50%, 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 Mount Zion, the typical annual property tax bill is $243, far below the national median of $2,690. Property taxes in Mount Zion are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Mount Zion'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 Mount Zion 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
Mount Zion, 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 Mount Zion Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Zion with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Zion 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 Mount Zion, West Virginia
Property taxes in Mount Zion, 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 Mount Zion is 0.50%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Mount Zion set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Zion 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 Mount Zion's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26151 zip code has both the highest and lowest median property tax rate of 0.50%. Understanding how these cities compare with Mount Zion provides valuable insights into the varying tax landscape across Calhoun County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mount Zion Tax Rate
0.50%
Average Calhoun County Tax Rate
0.50%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Zion, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26151 | 0.22% | 0.34% | 0.50% | 0.50% | 0.99% |
Source: Ownwell
Property Tax Assessment Values Across Mount Zion, West Virginia
In Mount Zion, 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 Mount Zion, 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 Mount Zion 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 $243 in the 26151 zip code, while the lowest median tax bill is also $243, indicating a uniform tax burden across different areas.
Average Mount Zion Assessed Value
$56,000
Average Calhoun County Assessed Value
$50,300
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mount Zion, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26151 | $16,170 | $26,625 | $56,000 | $83,400 | $121,480 |
Source: Ownwell
Property Tax Bills Across Mount Zion, West Virginia
In Mount Zion, Calhoun County, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the area is $56,000, and the property tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. Homeowners in Mount Zion can expect their property tax bills to vary. The tax bill at the 25th percentile is $128, while at the 75th percentile, it rises to $387. For those at the 90th percentile, the tax bill can reach $579. These figures highlight the range of property tax burdens within the community. Comparatively, the national median property tax rate is 0.99%, making Mount Zion's property taxes relatively manageable. Understanding these factors helps homeowners anticipate their annual tax obligations and budget accordingly.
Average Mount Zion Tax Bill
$243
Average Calhoun County Tax Bill
$231
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Zion, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26151 | $64 | $128 | $243 | $387 | $579 |
Source: Ownwell