Mannington, West Virginia Property Taxes
The median property tax rate in Mannington, WV is 0.64%, which is lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $80,150 in Mannington, the typical annual property tax bill amounts to $399, significantly below the national median of $2,690. Property taxes in Mannington are calculated based on the tax assessed value, generally lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Mannington's property tax system and exploring available exemptions can lead to substantial annual savings. Whether you're in the heart of Mannington or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mannington, 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 Mannington Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Mannington. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Mannington to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of your potential tax liabilities, making it easier to plan and budget. For those interested in more detailed information, you can explore neighborhood-level trends by scrolling down. Your property’s assessed value is determined by the county and includes any applicable exemptions, ensuring you get the most accurate estimate possible.
Property Tax Rates Across Mannington, West Virginia
Property taxes in Mannington, 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 Mannington is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Mannington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mannington 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. Understanding how Mannington's property tax rate compares to other regions provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mannington Tax Rate
0.64%
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 Mannington, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26582 | 0.39% | 0.61% | 0.64% | 0.96% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Mannington, West Virginia
In Mannington, 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 Mannington, 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 Mannington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Mannington is $399 in the 26582 zip code, while the lowest is also $399 in the same zip code.
Property Tax Assessment Values Across Mannington, West Virginia
Source: Ownwell
$18,150
$102,575
$187,000
Average Mannington Assessed Value
$80,150
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 Mannington, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26582 | $29,870 | $45,575 | $80,150 | $113,125 | $194,500 |
Source: Ownwell
Property Tax Bills Across Mannington, West Virginia
In Mannington, located in Monongalia County, WV, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value determined by the county assessor's office. This value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Mannington is $80,150, and the property tax rate is applied to this value to generate the tax bill. Several factors influence the tax bill, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. For instance, tax bills in the 25th percentile are around $314, while those in the 75th percentile reach up to $937. At the 90th percentile, homeowners can expect to pay approximately $1,349. The highest median tax bill recorded in the area is $399, indicating a relatively low tax burden compared to the national median property tax rate of 0.99%. For homeowners, understanding these factors can help manage expectations and plan finances accordingly, ensuring they are prepared for their annual property tax obligations.
Average Mannington Tax Bill
$399
Average Monongalia County Tax Bill
$1,138
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Mannington, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26582 | $268 | $314 | $399 | $937 | $1,349 |
Source: Ownwell