Pullman, West Virginia Property Taxes
The median property tax rate in Pullman, WV is 0.65%, notably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Pullman at $56,800, the typical annual property tax bill amounts to $376, significantly below the national median of $2,690. Property taxes in Pullman are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Pullman'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 Pullman 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
Pullman, 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 Pullman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pullman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pullman 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 Pullman, West Virginia
Property taxes in Pullman, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pullman is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Pullman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pullman 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 Pullman's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26421 zip code has the highest median property tax rate of 0.65%, while the same 26421 zip code also has the lowest median tax rate of 0.65%. Understanding how these cities compare with Pullman provides valuable insights into the varying tax landscape across Ritchie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pullman Tax Rate
0.65%
Average Ritchie County Tax Rate
0.65%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pullman, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26421 | 0.33% | 0.49% | 0.65% | 0.80% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Pullman, West Virginia
In Pullman, 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 Ritchie 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 Pullman, 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 Pullman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $376 in zip code 26421, which is also the lowest median tax bill in the area.
Average Pullman Assessed Value
$56,800
Average Ritchie County Assessed Value
$64,450
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pullman, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26421 | $12,380 | $33,000 | $56,800 | $105,100 | $144,780 |
Source: Ownwell
Property Tax Bills Across Pullman, West Virginia
In Pullman, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value typically reflects a percentage of the property's market value. For example, with a median home price of $56,800, the tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $208, while those in the 75th percentile might see a bill closer to $716. At the higher end, the 90th percentile tax bill reaches approximately $1,021. Several factors influence the final tax bill, including the property's location within Ritchie County, any applicable exemptions, and local tax rates. The highest median tax bill in the county is $376, found in the 26421 zip code. These variations can greatly impact homeowners, affecting their annual budgeting and long-term financial planning. Understanding these components helps homeowners anticipate their tax obligations and seek potential relief options if available.
Average Pullman Tax Bill
$376
Average Ritchie County Tax Bill
$428
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Pullman, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26421 | $70 | $208 | $376 | $716 | $1,021 |
Source: Ownwell