Moatsville, West Virginia Property Taxes
The median property tax rate in Moatsville, WV is 0.64%, which is 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 Moatsville at $83,400, the typical annual property tax bill amounts to $519, well below the national median of $2,690. Property taxes in Moatsville are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Moatsville'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 Moatsville or another part of Preston County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moatsville, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$534
Ownwell’s Moatsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moatsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moatsville 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 Moatsville, West Virginia
Property taxes in Moatsville, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moatsville is 0.64%, which is lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Moatsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moatsville 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 Moatsville's effective property tax rate to other areas in West Virginia and the national median. For comparison, the 26405 zip code has both the highest and lowest median property tax rate of 0.64%. Understanding how these areas compare with Moatsville provides valuable insights into the varying tax landscape across Preston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moatsville Tax Rate
0.64%
Average Preston County Tax Rate
0.64%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moatsville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26405 | 0.37% | 0.47% | 0.64% | 0.64% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Moatsville, West Virginia
In Moatsville, 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 Preston 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 Moatsville, 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 Moatsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $83,400, with the highest median tax bill recorded at $519 in the 26405 zip code.
Property Tax Assessment Values Across Moatsville, West Virginia
Source: Ownwell
$22,100
$93,000
$163,900
Average Moatsville Assessed Value
$83,400
Average Preston County Assessed Value
$68,500
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moatsville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26405 | $18,200 | $49,200 | $83,400 | $124,000 | $157,480 |
Source: Ownwell
Property Tax Bills Across Moatsville, West Virginia
In Moatsville, Preston County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in Moatsville is $83,400. Property tax rates in the area are applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and market conditions play a crucial role in the assessment process. Homeowners in Moatsville can expect a range of property tax bills. At the 25th percentile, tax bills are around $281, while those in the 75th percentile see bills of about $707. The 90th percentile tax bills can go up to $961. This variability reflects differences in property values and assessments within the area. Compared to the national median property tax rate of 0.99%, Moatsville's rates can be considered relatively moderate. Understanding these factors helps homeowners budget effectively and anticipate their annual property tax obligations.
Average Moatsville Tax Bill
$519
Average Preston County Tax Bill
$473
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Moatsville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26405 | $204 | $281 | $519 | $707 | $961 |
Source: Ownwell