Dallas, West Virginia Property Taxes
The median property tax rate in Dallas, WV is 0.60%, considerably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Dallas, the typical annual property tax bill reaches $581, significantly below the national median of $2,690. Property taxes in Dallas are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Dallas'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 Dallas 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
Dallas, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$608
Ownwell’s Dallas Property Tax Bill Calculator provides homeowners, real estate investors, and potential buyers with an easy way to estimate their annual property taxes in Dallas. Simply enter your property's estimated assessed value, and the calculator will apply the median tax rate in Dallas to give you an estimate of your property tax bill. This valuable tool helps you anticipate potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by Marshall County for tax purposes and takes into account any applicable exemptions.
Property Tax Rates Across Dallas, West Virginia
Property taxes in Dallas, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dallas is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Dallas set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dallas 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. Understanding how these cities compare with Dallas 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 Dallas 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 Dallas, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26036 | 0.39% | 0.49% | 0.60% | 0.60% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Dallas, West Virginia
In DALLAS, 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 Appraisal District 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 DALLAS, 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. The median home price in DALLAS is $101,300, with the 25th percentile tax bill at $282 and the 75th percentile tax bill at $950. The highest median tax bill is $581 in zip code 26036, which is also the lowest median 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 DALLAS helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dallas Assessed Value
$101,300
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 Dallas, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26036 | $14,170 | $57,450 | $101,300 | $157,125 | $199,990 |
Source: Ownwell
Property Tax Bills Across Dallas, West Virginia
In Dallas, property tax bills are calculated based on the assessed value of the property and the applicable tax rate set by Marshall County. The assessed value is typically a percentage of the market value determined by local assessors. For homeowners, several factors influence the final tax bill, including property location, size, and any applicable exemptions. For instance, the median home price in Dallas is $101,300. Homeowners in the 25th percentile can expect a tax bill around $282, while those in the 75th percentile might see a bill closer to $950. At the 90th percentile, tax bills can reach up to $1,288. Comparatively, the highest and lowest median tax bills in the county are both $581, indicating a relatively uniform tax rate across different zip codes. Understanding how these factors come together helps homeowners anticipate their annual property tax obligations, allowing for better financial planning. With the national median property tax rate at 0.99%, Dallas homeowners can gauge how their local rates compare on a broader scale.
Average Dallas Tax Bill
$581
Average Marshall County Tax Bill
$513
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Dallas, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26036 | $126 | $282 | $581 | $950 | $1,288 |
Source: Ownwell