Shinnston, Harrison County, West Virginia Property Taxes
The median property tax rate in Shinnston, WV is 0.70%, which is lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Shinnston at $68,900, the typical annual property tax bill is $560, significantly below the national median of $2,690. Property taxes in Shinnston are calculated based on the tax assessed value, which is often less than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Shinnston'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 Shinnston 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
Shinnston, Harrison County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$482
$448
Ownwell’s Shinnston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shinnston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shinnston 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 Shinnston, Harrison County, West Virginia
Property taxes in Shinnston, 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 Shinnston is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Shinnston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shinnston 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 Shinnston's effective property tax rate to other areas and the national median. For comparison, the zip code 26431 has the same median property tax rate of 0.70%. Understanding how these areas compare with Shinnston provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shinnston Tax Rate
0.70%
Average Harrison County Tax Rate
0.74%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shinnston, Harrison County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26431 | 0.42% | 0.65% | 0.70% | 0.92% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Shinnston, Harrison County, West Virginia
In Shinnston, 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 Harrison 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. 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 Shinnston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Shinnston is $560.00 in the 26431 zip code, which aligns with the lowest median tax bill, highlighting a relatively uniform tax landscape.
Property Tax Assessment Values Across Shinnston, Harrison County, West Virginia
Source: Ownwell
$10,500
$101,925
$193,350
Average Shinnston Assessed Value
$68,900
Average Harrison County Assessed Value
$76,800
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shinnston, Harrison County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26431 | $6,800 | $34,400 | $68,900 | $108,600 | $157,820 |
Source: Ownwell
Property Tax Bills Across Shinnston, Harrison County, West Virginia
In Shinnston, located in Harrison County, WV, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the market value. For homeowners in Shinnston, the median home price is $68,900. The property tax rate in this region is influenced by local government budgets and the services provided to residents. The tax bill for homeowners can vary significantly. For instance, the 25th percentile tax bill is approximately $290, while the 75th percentile tax bill is around $938. At the higher end, the 90th percentile tax bill reaches up to $1,363. These variations depend on factors such as property location, home size, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Shinnston's tax rates reflect the local economic conditions and funding needs. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Shinnston Tax Bill
$560
Average Harrison County Tax Bill
$688
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Shinnston, Harrison County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26431 | $113 | $290 | $560 | $938 | $1,363 |
Source: Ownwell