Vienna, West Virginia Property Taxes
The median property tax rate in Vienna, WV is 0.88%, slightly lower than the national median of 0.99% but higher than the West Virginia state median of 0.72%. With the median home value in Vienna at $120,800, the typical annual property tax bill reaches $1,062, which is below the national median of $2,690. Property taxes in Vienna are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Vienna'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 Vienna 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
Vienna, 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 Vienna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vienna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vienna 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 Vienna, West Virginia
Property taxes in Vienna, 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 Vienna is 0.88%, which is lower than the U.S. national median of 0.99%. Local government entities within Vienna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vienna 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 Vienna's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26105 zip code has the highest median property tax rate of 0.88%, while the same 26105 zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Vienna 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 Vienna Tax Rate
0.88%
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 Vienna, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26105 | 0.60% | 0.70% | 0.88% | 0.88% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Vienna, West Virginia
In Vienna, 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 Vienna, 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. For example, in Vienna's 26105 zip code, the median tax bill is $1062. 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 Vienna helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Vienna Assessed Value
$120,800
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 Vienna, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26105 | $60,700 | $88,000 | $120,800 | $177,600 | $285,140 |
Source: Ownwell
Property Tax Bills Across Vienna, West Virginia
In Vienna, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the property's market value. Homeowners in Vienna can expect their tax bills to be influenced by several factors, including the property's location within Wood County, the home's assessed value, and the local tax rate. The median home price in Vienna stands at $120,800, with property tax bills varying significantly. For instance, tax bills range from $747 at the 25th percentile to $2,543 at the 90th percentile, reflecting the diversity in property values and tax liabilities. The median property tax bill in Vienna is $1,062, which is higher than the national median property tax rate of 0.99%. These taxes play a crucial role in funding local services such as schools, public safety, and infrastructure. Homeowners should be aware of these factors as they directly impact their annual property tax obligations and the overall cost of homeownership in Vienna.
Average Vienna Tax Bill
$1,062
Average Wood County Tax Bill
$822
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Vienna, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26105 | $505 | $747 | $1,062 | $1,564 | $2,543 |
Source: Ownwell