Rockport, West Virginia Property Taxes
The median property tax rate in Rockport, WV is 0.66%, 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 Rockport at $95,100, the typical annual property tax bill is around $600, which is well below the national median of $2,690. Property taxes in Rockport are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rockport'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 Rockport or another part of Wood County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rockport, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$628
Ownwell’s Rockport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rockport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rockport 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 Rockport, West Virginia
Property taxes in Rockport, 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 Rockport is 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Rockport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rockport 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 Rockport's effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 26169 has both the highest and lowest median property tax rate of 0.66%. Understanding how these cities compare with Rockport 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 Rockport Tax Rate
0.66%
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 Rockport, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26169 | 0.43% | 0.55% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Rockport, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rockport, West Virginia. 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's Office 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 Rockport, 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. The 25th percentile tax bill in Rockport is $307, while the 75th percentile tax bill is $946, and the 90th percentile tax bill is $1406. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rockport Assessed Value
$95,100
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 Rockport, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26169 | $16,340 | $48,000 | $95,100 | $144,600 | $221,460 |
Source: Ownwell
Property Tax Bills Across Rockport, West Virginia
In Rockport, WV, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value. Homeowners in Rockport can expect their tax bills to vary significantly depending on the value of their property. For instance, the 25th percentile of tax bills is around $307, while the 75th percentile reaches up to $946, and the 90th percentile can go as high as $1406. These figures indicate that higher-value homes will naturally incur higher tax bills. The median home price in Rockport is $95,100, which is relatively affordable compared to national averages. However, even within the same zip code, such as 26169, tax bills can vary, with the highest and lowest median tax bills both recorded at $600. Understanding these factors helps homeowners anticipate their annual property tax obligations and budget accordingly.
Average Rockport Tax Bill
$600
Average Wood County Tax Bill
$822
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Rockport, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26169 | $130 | $307 | $600 | $946 | $1,406 |
Source: Ownwell