Grafton, Marion County, West Virginia Property Taxes

Name: Property Tax Bills Across Grafton, Marion County, West Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Grafton, WV effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but higher than the West Virginia state median of 0.72%.
Median Grafton, WV home value: $237,050
Median annual Grafton, WV tax bill: $1,634, $766 lower than the national median property tax bill of $2,400.

How are property taxes in Marion calculated?

Property taxes in Grafton, WV are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Grafton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Grafton, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Grafton, Marion County, West Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.74%

Estimate Property Tax Bill

$1,754

$1,628

Ownwell’s Grafton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Grafton with just two data points. By entering your property's estimated assessed value, our calculator applies Grafton’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Taylor County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Grafton, Marion County, West Virginia

Local government entities set tax rates, which can vary widely within a state. This variability is due to the fact that each county annually estimates its required budget for services and divides that by the total value of all taxable property within its jurisdiction. This process results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.

In Grafton, located in county 54049 in West Virginia, the effective property tax rate can be compared to other cities in the state and the national median. With a median property tax rate of 0.74%, Grafton aligns with the highest and lowest rates in the state, both found in Marion County. This rate is below the national median property tax rate of 1.02%, offering a more favorable tax environment for property owners. Understanding these differences can help property owners make informed decisions about their investments and potential savings through property tax appeals and exemptions.

Property Tax Rates Across Grafton, Marion County, West Virginia

Source: Ownwell

0.74%

0.82%

0.89%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Grafton Tax Rate

0.74%

Median Effective Marion County Tax Rate

0.74%

Median Effective West Virginia Tax Rate

0.72%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Grafton, Marion County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
26354	0.63%	0.66%	0.74%	0.74%	0.74%

Source: Ownwell

Property Tax Assessment Values Across Grafton, Marion County, West Virginia

When examining property taxes in Grafton, West Virginia, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Marion County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Marion County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Grafton.

For example, the median home price in Grafton is $237,050, with tax bills ranging significantly across the county. Zip code 26354 has the highest median home price at $237,050.

Property Tax Assessment Values Across Grafton, Marion County, West Virginia

Source: Ownwell

$31,900

$134,475

$237,050

Median Grafton Market Value

$237,050

Median Marion County Market Value

$104,800

Median West Virginia Market Value

$80,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Grafton, Marion County, West Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
26354	$146,740	$154,675	$237,050	$289,400	$326,780

Source: Ownwell

Property Tax Bills Across Grafton, Marion County, West Virginia

In Grafton, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor. This assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as property location, size, and market conditions influence the assessed value. The median home price in Grafton is $237,050, leading to varying tax bills across the city. For instance, the 25th percentile tax bill is $1,137, while the 75th percentile reaches $2,083. Comparatively, while the national median property tax rate is 1.02%, Grafton's property tax bills can significantly affect homeowners, especially when compared to the national median tax bill of $2,400. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners potentially reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell assists in filing appeals, ensuring that homeowners in Grafton pay only their fair share, ultimately saving them money.

Property Tax Bills Across Grafton, Marion County, West Virginia

Source: Ownwell

$236

$935

$1,634

Median Grafton Tax Bill

$1,634

Median Marion County Tax Bill

$886

Median West Virginia Tax Bill

$607

Median United States Tax Bill

$2,400

Property Tax Bills Across Grafton, Marion County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
26354	$922	$1,137	$1,634	$2,083	$2,398

Source: Ownwell