Orlando, West Virginia Property Taxes
The median property tax rate in Orlando, West Virginia is 0.53%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $45,500 in Orlando, the typical annual property tax bill is $249, well below the national median of $2,690. Property taxes in Orlando are calculated based on the tax assessed value, which often falls below market value due to various exemptions like primary residence and agricultural exemptions. Understanding Orlando'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 Orlando 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
Orlando, 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 Orlando Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Orlando with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Orlando 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 Orlando, West Virginia
Property taxes in Orlando, 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 Orlando is 0.53%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Orlando set these rates annually, and they can vary across different neighborhoods. Each year, Orlando 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 Orlando's effective property tax rate to other areas in West Virginia and the national median. For comparison, the zip code 26412 has both the highest and lowest median property tax rate in the region, at 0.53%. Understanding how these cities compare with Orlando provides valuable insights into the varying tax landscape across Lewis County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Orlando Tax Rate
0.53%
Average Lewis County Tax Rate
0.53%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orlando, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26412 | 0.29% | 0.53% | 0.53% | 0.76% | 1.06% |
Source: Ownwell
Property Tax Assessment Values Across Orlando, West Virginia
In Orlando, 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 Lewis 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 Orlando, 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 Orlando helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $249, found in the 26412 zip code, while the lowest is also $249 in the same zip code.
Average Orlando Assessed Value
$45,500
Average Lewis County Assessed Value
$72,200
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Orlando, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26412 | $6,030 | $19,575 | $45,500 | $90,375 | $136,380 |
Source: Ownwell
Property Tax Bills Across Orlando, West Virginia
In Orlando, located in Lewis County, WV, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate, applied to this assessed value, determines the final tax bill. For instance, with a median home price of $45,500, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $130, while at the 75th percentile, it reaches approximately $531. For those at the 90th percentile, it can go up to $879. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Orlando's tax structure provides a relatively affordable tax environment. This system ensures that property taxes are proportionate to the value and condition of the property, ultimately impacting homeowners by contributing to local services and infrastructure while maintaining manageable costs.
Average Orlando Tax Bill
$249
Average Lewis County Tax Bill
$437
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Orlando, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26412 | $63 | $130 | $249 | $531 | $879 |
Source: Ownwell