Weston, West Virginia Property Taxes
The median property tax rate in Weston, WV is 0.53%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Weston at $65,900, the typical annual property tax bill is $422, well below the national median of $2,690. Property taxes in Weston are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Weston’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 Weston 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
Weston, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$349
Ownwell’s Weston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weston 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 Weston, West Virginia
Property taxes in Weston, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weston is 0.53%, which is notably lower than the U.S. national median of 0.99%. Local government entities within Weston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weston 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 Weston's effective property tax rate to other areas in West Virginia and the national median. For comparison, the zip code 26452 has both the highest and lowest median property tax rate of 0.53%, reflecting a uniform rate across the region. Understanding how these figures compare with Weston 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 Weston 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 Weston, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26452 | 0.33% | 0.51% | 0.53% | 0.68% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Weston, West Virginia
In Weston, 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 Weston, 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 Weston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Weston is $65,900, with median tax bills ranging from $218 at the 25th percentile to $946 at the 90th percentile. The zip code 26452 has both the highest and lowest median tax bill at $422.
Average Weston Assessed Value
$65,900
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 Weston, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26452 | $10,500 | $34,700 | $65,900 | $106,700 | $153,400 |
Source: Ownwell
Property Tax Bills Across Weston, West Virginia
In Weston, located in Lewis County, WV, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the market value, which is determined by the county assessor. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. In Weston, the median home price is $65,900, and tax bills vary significantly. For instance, the 25th percentile tax bill is $218, while the 75th percentile tax bill is $660, and the 90th percentile tax bill reaches $946. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Weston's rates can be relatively manageable, offering some financial relief to homeowners in the area.
Average Weston Tax Bill
$422
Average Lewis County Tax Bill
$437
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Weston, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26452 | $80 | $218 | $422 | $660 | $946 |
Source: Ownwell