Cameron, West Virginia Property Taxes
The median property tax rate in Cameron, WV is 0.60%, 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 $51,150 in Cameron, the typical annual property tax bill is $373, well below the national median of $2,690. Property taxes in Cameron are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Cameron's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Cameron 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
Cameron, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$307
Ownwell’s Cameron Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cameron with just two simple data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cameron to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and make informed financial decisions. For those interested in more detailed insights, you can explore trends at a neighborhood level by scrolling down for localized information. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Cameron, West Virginia
Property taxes in Cameron, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cameron is 0.60%, lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Cameron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cameron 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 Cameron's effective property tax rate to other areas in West Virginia and the national median. For comparison, the zip code 26033 has both the highest and lowest median property tax rate of 0.60%. Understanding how these areas compare with Cameron provides valuable insights into the varying tax landscape across Marshall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cameron Tax Rate
0.60%
Average Marshall County Tax Rate
0.60%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cameron, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26033 | 0.37% | 0.60% | 0.60% | 1.21% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Cameron, West Virginia
In Cameron, 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 Marshall 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 Cameron, 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. For instance, Cameron's median home price is $51,150, with tax bills ranging from $171 at the 25th percentile to $1,112 at the 90th percentile. The highest and lowest median tax bills are both $373, found in the zip code 26033. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Cameron Assessed Value
$51,150
Average Marshall County Assessed Value
$76,200
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cameron, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26033 | $6,870 | $23,800 | $51,150 | $96,875 | $157,900 |
Source: Ownwell
Property Tax Bills Across Cameron, West Virginia
In Cameron, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Cameron, the median home price is $51,150, with property tax bills ranging from the 25th percentile at $171 to the 90th percentile at $1,112. The highest median tax bill within the area is $373, found in the zip code 26033, which is consistent across the county. Several factors influence the tax bill, including property size, location, and any improvements made over time. Homeowners in Cameron may find their tax bills relatively manageable compared to the national median property tax rate of 0.99%. However, the variability in tax bills can significantly impact household budgets, making it crucial for property owners to stay informed about changes in assessed values and tax rates to manage their finances effectively.
Average Cameron Tax Bill
$373
Average Marshall County Tax Bill
$513
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Cameron, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26033 | $57 | $171 | $373 | $638 | $1,112 |
Source: Ownwell