North Parkersburg, West Virginia Property Taxes
The median property tax rate in North Parkersburg, WV is 0.74%, slightly above the state median of 0.72% but below the national median of 0.99%. With a median home value of $21,500 in North Parkersburg, the typical annual property tax bill amounts to $3,525, significantly surpassing the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding North Parkersburg'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 North Parkersburg or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
North Parkersburg, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$159
Ownwell’s North Parkersburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Parkersburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Parkersburg 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 North Parkersburg, West Virginia
Property taxes in North Parkersburg, WV, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Parkersburg is 0.74%, which is below the U.S. national median of 0.99%. Local government entities within North Parkersburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Parkersburg 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 North Parkersburg's effective property tax rate to other areas and the national median. For comparison, the zip code 26104 has both the highest and lowest median property tax rate of 0.74%. Understanding how these rates compare with North Parkersburg provides valuable insights into the varying tax landscape across Wood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North Parkersburg Tax Rate
0.74%
Average Wood County Tax Rate
0.66%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Parkersburg, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26104 | 0.68% | 0.70% | 0.74% | 0.77% | 0.79% |
Source: Ownwell
Property Tax Assessment Values Across North Parkersburg, West Virginia
In North Parkersburg, 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 Wood 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 North Parkersburg, 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 North Parkersburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 26104, with a value of $3,525.
Property Tax Assessment Values Across North Parkersburg, West Virginia
Source: Ownwell
$21,500
$82,725
$143,950
Average North Parkersburg Assessed Value
$21,500
Average Wood County Assessed Value
$103,100
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North Parkersburg, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26104 | $6,300 | $12,000 | $21,500 | $445,150 | $699,340 |
Source: Ownwell
Property Tax Bills Across North Parkersburg, West Virginia
In North Parkersburg, Wood County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Homeowners in North Parkersburg face varying tax bills, with the 25th percentile tax bill at $1,771 and the 75th percentile tax bill at $5,279. The 90th percentile tax bill can reach up to $6,331. These figures indicate significant variability in property tax obligations, influenced by factors such as property size, location, and market conditions. Compared to the national median property tax rate of 0.99%, North Parkersburg's property taxes can be relatively high, particularly in certain areas. This can impact homeowners by affecting their overall housing costs and potentially influencing their decisions on property investments. It's crucial for homeowners to understand how these taxes are calculated and what factors contribute to their tax bills to manage their financial planning effectively.
Average North Parkersburg Tax Bill
$3,525
Average Wood County Tax Bill
$822
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across North Parkersburg, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26104 | $718 | $1,771 | $3,525 | $5,279 | $6,331 |
Source: Ownwell