Cassville, West Virginia Property Taxes
The median property tax rate in Cassville, WV is 0.96%, slightly lower than the national median of 0.99% but higher than the West Virginia state median of 0.72%. With the median home value in Cassville, the typical annual property tax bill reaches $619, which is significantly below the national median of $2,690. Property taxes in Cassville 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 Cassville'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 Cassville 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
Cassville, 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 Cassville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cassville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cassville 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 Cassville, West Virginia
Property taxes in Cassville, West Virginia, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Cassville is 0.96%, slightly lower than the U.S. national median of 0.99%. Local government entities within Cassville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cassville 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 Cassville's effective property tax rate to other areas in West Virginia and the national median. For comparison, the ZIP code 26527 has the highest median property tax rate of 0.96%, while the same ZIP code also has the lowest median tax rate of 0.96%. Understanding how these areas compare with Cassville provides valuable insights into the varying tax landscape across Monongalia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cassville Tax Rate
0.96%
Average Monongalia County Tax Rate
0.64%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cassville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26527 | 0.71% | 0.80% | 0.96% | 1.12% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Cassville, West Virginia
In Cassville, 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 Monongalia 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 Cassville, 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. For instance, the median home price in Cassville is $50,250, with tax bills ranging from $335 at the 25th percentile to $1,073 at the 90th percentile. The zip code with the highest median tax bill is 26527, with a median tax bill of $619, which is also the lowest median tax bill in the area. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Cassville, West Virginia
Source: Ownwell
$18,150
$102,575
$187,000
Average Cassville Assessed Value
$50,250
Average Monongalia County Assessed Value
$146,600
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cassville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26527 | $16,530 | $29,175 | $50,250 | $71,325 | $83,970 |
Source: Ownwell
Property Tax Bills Across Cassville, West Virginia
In Cassville, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the Monongalia County assessor's office. The assessed value is a percentage of the property's market value. Various factors influence this assessed value, including the home's size, location, and condition. Once the assessed value is established, the local tax rate, known as the millage rate, is applied to calculate the annual tax bill. For homeowners in Cassville, the median home price is $50,250. Property tax bills can vary significantly, with the 25th percentile tax bill at $335 and the 75th percentile at $902. The 90th percentile tax bill can reach as high as $1,073. Compared to the national median property tax rate of 0.99%, Cassville’s tax rates can be relatively moderate, though they still represent a significant expense for homeowners. Understanding these factors can help homeowners anticipate their annual tax obligations and better manage their finances.
Average Cassville Tax Bill
$619
Average Monongalia County Tax Bill
$1,138
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Cassville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26527 | $165 | $335 | $619 | $902 | $1,073 |
Source: Ownwell