Mozart, West Virginia Property Taxes
The median property tax rate in Mozart, WV is 0.89%, which is lower than the national median of 0.99% but higher than the West Virginia state median of 0.72%. With a median home value of $90,200 in Mozart, the typical annual property tax bill is $947, which is below the national median of $2,690. Property taxes in Mozart are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Mozart'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 Mozart 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
Mozart, 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 Mozart Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mozart with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mozart 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 Mozart, West Virginia
Property taxes in Mozart, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mozart is 0.89%, slightly lower than the U.S. national median of 0.99%. Local government entities within Mozart set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mozart 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 Mozart's effective property tax rate to other areas in West Virginia and the national median. For comparison, the 26003 zip code has both the highest and lowest median property tax rate of 0.89%. Understanding how these cities compare with Mozart provides valuable insights into the varying tax landscape across Ohio County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mozart Tax Rate
0.89%
Average Ohio County Tax Rate
0.89%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mozart, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26003 | 0.55% | 0.65% | 0.89% | 0.89% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Mozart, West Virginia
In Mozart, 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 Ohio County 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 Mozart, 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 Mozart helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Mozart is $90,200, with the highest and lowest median tax bills both recorded at $947 in the 26003 zip code.
Average Mozart Assessed Value
$90,200
Average Ohio County Assessed Value
$94,700
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mozart, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26003 | $66,700 | $78,200 | $90,200 | $143,800 | $157,600 |
Source: Ownwell
Property Tax Bills Across Mozart, West Virginia
In Mozart, located in Ohio County, WV, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the home's market value. The median home price in Mozart is $90,200. Property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions. For instance, the 25th percentile tax bill in Mozart is $613, while the 75th percentile tax bill is $1,339, and the 90th percentile tax bill can reach up to $1,609. These figures reflect the variability in property values and the corresponding tax burdens. Homeowners in Mozart should be aware that their property tax bill can significantly impact their annual expenses. Comparing the local median tax rate to the national median of 0.99% helps put this into perspective, providing a clearer understanding of how local taxes align with national trends.
Average Mozart Tax Bill
$947
Average Ohio County Tax Bill
$851
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Mozart, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26003 | $483 | $613 | $947 | $1,339 | $1,609 |
Source: Ownwell