Mount Hope, Fayette County, West Virginia Property Taxes

Name: Property Tax Bills Across Mount Hope, Fayette County, West Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Mount Hope, WV effective property tax rate: 0.92%, significantly lower than the national median of 1.02%, but higher than the West Virginia state median of 0.72%.
Median Mount Hope, WV home value: $37,500
Median annual Mount Hope, WV tax bill: $341, $2,059 lower than the national median property tax bill of $2,400.

How are property taxes in Fayette County calculated?

Property taxes in Mount Hope, WV are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Mount Hope’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mount Hope, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mount Hope, Fayette County, West Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.92%

Estimate Property Tax Bill

$345

$320

Ownwell’s Mount Hope Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mount Hope with just two data points.

By entering your property's estimated assessed value, our calculator applies Mount Hope’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Fayette County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mount Hope, Fayette County, West Virginia

Local government entities determine tax rates, which can differ significantly across a state. This variation is due to each county's annual process of estimating the budget necessary to provide services and dividing it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Votes and laws play a role in setting these rates and budgets, but this is essentially the annual process. In Mount Hope, located in Fayette County, West Virginia, the effective property tax rate is a reflection of this system. Compared to other cities in West Virginia, Mount Hope's tax rate aligns with the state’s median tax rate of 0.92%, which is slightly below the national median property tax rate of 1.02%. This makes West Virginia an attractive option for property owners looking for lower property tax rates. Understanding these rates and how they are determined can empower property owners to make more informed decisions when it comes to property investments and tax appeals.

Property Tax Rates Across Mount Hope, Fayette County, West Virginia

Source: Ownwell

0.77%

0.88%

0.99%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Mount Hope Tax Rate

0.92%

Median Effective Fayette County Tax Rate

0.77%

Median Effective West Virginia Tax Rate

0.72%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mount Hope, Fayette County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
25880	0.31%	0.77%	0.92%	0.98%	1.84%

Source: Ownwell

Property Tax Assessment Values Across Mount Hope, Fayette County, West Virginia

When examining property taxes in Mount Hope, WV, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Fayette County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Fayette County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Mount Hope.

For example, the median home price in Mount Hope is $37,500, with tax bills ranging significantly across the county. Zip code 25880 has the highest median home price at $37,500.

Property Tax Assessment Values Across Mount Hope, Fayette County, West Virginia

Source: Ownwell

$14,400

$47,075

$79,750

Median Mount Hope Market Value

$37,500

Median Fayette County Market Value

$52,200

Median West Virginia Market Value

$80,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mount Hope, Fayette County, West Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
25880	$5,850	$21,000	$37,500	$59,825	$101,550

Source: Ownwell

Property Tax Bills Across Mount Hope, Fayette County, West Virginia

In Mount Hope, property tax bills are determined based on the assessed value of a home, which is a percentage of the market value set by local assessors. The median home price in this area is $37,500, resulting in a property tax bill that typically falls between $163 and $897 annually. The median tax bill of $341 in zip code 25880 is significantly lower than the national median property tax bill of $2,400. Homeowners in Mount Hope benefit from relatively low property taxes compared to the national average, but there is still potential for savings. Factors such as changes in the local real estate market and adjustments in assessed values can affect tax bills. Ownwell helps homeowners by providing expert property tax appeal and exemption services, potentially reducing their tax burden. By analyzing and challenging inaccurate assessments, Ownwell ensures homeowners pay only their fair share, maximizing savings and providing peace of mind.

Property Tax Bills Across Mount Hope, Fayette County, West Virginia

Source: Ownwell

$131

$373

$615

Median Mount Hope Tax Bill

$341

Median Fayette County Tax Bill

$424

Median West Virginia Tax Bill

$607

Median United States Tax Bill

$2,400

Property Tax Bills Across Mount Hope, Fayette County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
25880	$69	$163	$341	$579	$897

Source: Ownwell