Worthington, West Virginia Property Taxes
The median property tax rate in Worthington, WV is 0.70%, slightly below the state median of 0.72% and the national median of 0.99%. With a median home value of $67,000 in Worthington, the typical annual property tax bill amounts to $498, significantly lower than the national median of $2,690. Property taxes in Worthington are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Worthington'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 Worthington 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
Worthington, 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 Worthington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Worthington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Worthington 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 Worthington, West Virginia
Property taxes in Worthington, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Worthington is 0.70%, lower than the U.S. national median of 0.99%. Local government entities within Worthington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Worthington 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 Worthington's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26591 zip code has the highest median property tax rate of 0.70%, while the 26591 zip code also has the lowest median tax rate of 0.70%. Understanding how these areas compare with Worthington 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 Worthington 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 Worthington, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26591 | 0.31% | 0.57% | 0.70% | 1.40% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Worthington, West Virginia
In Worthington, 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. In Worthington, 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 Worthington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 26591, standing at $498.00.
Property Tax Assessment Values Across Worthington, West Virginia
Source: Ownwell
$6,500
$99,925
$193,350
Average Worthington Assessed Value
$67,000
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 Worthington, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26591 | $5,180 | $42,025 | $67,000 | $90,700 | $126,020 |
Source: Ownwell
Property Tax Bills Across Worthington, West Virginia
Property tax bills in Worthington, Harrison County, WV, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the tax bill, including property size, location, and improvements made to the property. In Worthington, the median home price is $67,000, resulting in a median property tax bill of $498. For homeowners, this means that the property tax rate is approximately 0.74%, which is below the national median property tax rate of 0.99%. The property tax bill can significantly impact homeowners, especially when it comes to budgeting for annual expenses. For instance, those in the 25th percentile pay around $259, while those in the 90th percentile may see bills as high as $1,043, reflecting the variability based on property value and other factors.
Average Worthington Tax Bill
$498
Average Harrison County Tax Bill
$688
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Worthington, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26591 | $95 | $259 | $498 | $713 | $1,043 |
Source: Ownwell