Metz, West Virginia Property Taxes
The median property tax rate in Metz, WV is 0.74%, slightly higher than the state median of 0.72% but lower than the national median of 0.99%. With the median home value in Metz at $81,500, the typical annual property tax bill is about $638, which is significantly below the national median of $2,690. Property taxes in Metz 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 Metz'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 Metz 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
Metz, 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 Metz Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Metz with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Metz 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 Metz, West Virginia
Property taxes in Metz, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Metz is 0.74%, lower than the U.S. national median of 0.99%. Local government entities within Metz set these rates annually, and they can vary significantly across different neighborhoods. Each year, Metz 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 Metz's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26585 zip code has the highest median property tax rate of 0.74%, while the 26585 zip code also has the lowest median tax rate of 0.74%. Understanding how these cities compare with Metz 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 Metz 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 Metz, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26585 | 0.49% | 0.62% | 0.74% | 0.74% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Metz, West Virginia
In Metz, 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 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 Metz, 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 Metz helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Metz is $81,500, with tax bills ranging from $337 at the 25th percentile to $1,515 at the 90th percentile. The highest and lowest median tax bill, both at $638, occur in the 26585 zip code.
Average Metz Assessed Value
$81,500
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 Metz, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26585 | $18,820 | $42,100 | $81,500 | $143,600 | $183,440 |
Source: Ownwell
Property Tax Bills Across Metz, West Virginia
In Metz, located in Marion County, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Metz is $81,500. Property tax rates in this area are influenced by both local government budgets and the specific needs of the community. Homeowners in Metz can expect a tax bill that varies significantly depending on their property's assessed value and applicable exemptions. For instance, the 25th percentile tax bill is $337, while the 75th percentile tax bill is $1,092, indicating a wide range in tax obligations. At the 90th percentile, the tax bill can reach up to $1,515. These figures highlight the variability in tax amounts, which can impact homeowners differently based on their property's value and location within Metz. Compared to the national median property tax rate of 0.99%, Metz offers relatively moderate tax rates. This variability in tax bills underscores the importance of understanding local tax assessments and potential exemptions to better manage property tax costs.
Average Metz Tax Bill
$638
Average Marion County Tax Bill
$886
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Metz, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26585 | $140 | $337 | $638 | $1,092 | $1,515 |
Source: Ownwell