Mammoth, West Virginia Property Taxes
The median property tax rate in Mammoth, West Virginia is 0.76%, which is lower than the national median of 0.99% but slightly higher than the West Virginia state median of 0.72%. With the median home value in Mammoth at $26,400, the typical annual property tax bill is $171, significantly below the national median of $2,690. Property taxes in Mammoth are calculated based on the assessed value, which tends to be lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Mammoth'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 Mammoth 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
Mammoth, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.76%
Estimate Property Tax Bill
$201
Ownwell’s Mammoth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mammoth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mammoth 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 Mammoth, West Virginia
Property taxes in Mammoth, 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 Mammoth is 0.76%, which is lower than the U.S. national median of 0.99%. Local government entities within Mammoth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mammoth 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 Mammoth's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 25132 has both the highest and lowest median property tax rate of 0.76%. Understanding how these cities compare with Mammoth provides valuable insights into the varying tax landscape across Kanawha County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mammoth Tax Rate
0.76%
Average Kanawha County Tax Rate
0.76%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mammoth, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25132 | 0.14% | 0.76% | 0.76% | 1.51% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Mammoth, West Virginia
In Mammoth, 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 Kanawha 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 Mammoth, 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. Interestingly, the median home price in Mammoth is $26,400, with tax bills ranging from $107 at the 25th percentile to $397 at the 90th percentile. 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 Mammoth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mammoth Assessed Value
$26,400
Average Kanawha County Assessed Value
$88,100
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mammoth, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25132 | $9,950 | $17,625 | $26,400 | $37,850 | $47,150 |
Source: Ownwell
Property Tax Bills Across Mammoth, West Virginia
In Mammoth, West Virginia, property tax bills are calculated based on the assessed value of a home, which is often a percentage of its market value. For instance, with a median home price of $26,400, the assessed value is determined by county assessors who review property characteristics and market conditions. The tax rate is then applied to this assessed value to compute the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Mammoth can expect varying tax bills depending on their property's value. For example, tax bills in the 25th percentile are around $107, while those in the 75th percentile reach $319. The highest tax bills, in the 90th percentile, can be about $397. These figures highlight the range of property tax obligations within the area, which can significantly impact homeowners' annual budgets. Compared to the national median property tax rate of 0.99%, Mammoth's tax rates are relatively modest, making it an affordable place for property ownership.
Average Mammoth Tax Bill
$171
Average Kanawha County Tax Bill
$804
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Mammoth, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25132 | $55 | $107 | $171 | $319 | $397 |
Source: Ownwell