Four States, West Virginia Property Taxes
The median property tax rate in FOUR STATES, WV is 0.74%, slightly higher than the West Virginia state median of 0.72% but still below the national median of 0.99%. With a median home value of $31,900 in FOUR STATES, the typical annual property tax bill is approximately $236, significantly lower than the national median of $2,690. Property taxes in FOUR STATES are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding the property tax system in FOUR STATES, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you reside in the heart of FOUR STATES or another part of Marion County, grasping the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Four States, 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 Four States Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Four States with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Four States to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in seeing trends on a neighborhood level, more localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Four States, West Virginia
Property taxes in FOUR STATES, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in FOUR STATES is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within FOUR STATES set these rates annually, and they can vary significantly across different neighborhoods. Each year, FOUR STATES 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 FOUR STATES' effective property tax rate to other counties in West Virginia and the national median. For comparison, the zip code 26572 has both the highest and lowest median property tax rate of 0.74%. Understanding how these cities compare with FOUR STATES provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Four States Tax Rate
0.74%
Average Marion County Tax Rate
0.74%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Four States, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26572 | 0.26% | 0.74% | 0.74% | 1.48% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Four States, West Virginia
In {city_name}, 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 Marion 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 {city_name}, 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 {city_name} 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 $236.00, found in zip code 26572, while the lowest median tax bill is also $236.00, in the same zip code.
Property Tax Assessment Values Across Four States, West Virginia
Source: Ownwell
$7,100
$122,075
$237,050
Average Four States Assessed Value
$31,900
Average Marion County Assessed Value
$104,800
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Four States, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26572 | $5,220 | $14,450 | $31,900 | $42,175 | $82,470 |
Source: Ownwell
Property Tax Bills Across Four States, West Virginia
In Marion County, WV, property tax bills are calculated based on the assessed value of your home. The assessed value is typically a percentage of the market value, which is determined by local assessors. For instance, with a median home price of $31,900, homeowners can expect their property tax bills to vary significantly. Factors such as location, property size, and improvements can influence these assessments. Tax bills in this region range widely, with the 25th percentile tax bill at $67 and the 75th percentile reaching $442. At the 90th percentile, homeowners may see bills as high as $611. Comparatively, the highest median tax bill recorded in Marion County is $236 in the 26572 zip code. These property taxes fund essential services such as public schools, emergency services, and infrastructure maintenance. For homeowners, understanding how these taxes are calculated and what factors are considered can help in budgeting and financial planning, ensuring they are prepared for their annual tax obligations.
Average Four States Tax Bill
$236
Average Marion County Tax Bill
$886
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Four States, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26572 | $36 | $67 | $236 | $442 | $611 |
Source: Ownwell