Leon, West Virginia Property Taxes
The median property tax rate in Leon, WV is 0.71%, slightly below both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Leon, the typical annual property tax bill reaches $425, significantly lower than the national median of $2,690. Property taxes in Leon 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 Leon'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 Leon 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
Leon, 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 Leon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leon 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 Leon, West Virginia
Property taxes in Leon, West Virginia, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leon is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Leon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leon 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 Leon's effective property tax rate to other areas in West Virginia and the national median. For comparison, the zip code 25123 has the highest median property tax rate of 0.71%, while the same zip code also has the lowest median tax rate of 0.71%. Understanding how these areas compare with Leon provides valuable insights into the varying tax landscape across Mason County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leon Tax Rate
0.71%
Average Mason County Tax Rate
0.71%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leon, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25123 | 0.35% | 0.53% | 0.71% | 0.71% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Leon, West Virginia
In Leon, 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 Mason 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 Leon, 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 Leon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $425, found in the 25123 zip code.
Average Leon Assessed Value
$64,850
Average Mason County Assessed Value
$68,400
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leon, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25123 | $9,700 | $31,200 | $64,850 | $102,700 | $146,200 |
Source: Ownwell
Property Tax Bills Across Leon, West Virginia
In the city of Leon, located in Mason County, WV, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor, who evaluates the property to estimate its market value. The tax rate is then applied to this assessed value to calculate the annual property tax bill. For homeowners in Leon, the median home price stands at $64,850. Property tax bills can vary significantly, with the 25th percentile at $221 and the 75th percentile reaching $700. At the 90th percentile, property tax bills can be as high as $1,054. The highest median tax bill recorded in the area is $425, which is consistent across the zip code 25123. These property taxes have a direct impact on homeowners, influencing the overall cost of owning a home. Compared to the national median property tax rate of 0.99%, Leon's property tax rates can be seen as relatively moderate, providing some financial relief to homeowners in the region.
Average Leon Tax Bill
$425
Average Mason County Tax Bill
$486
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Leon, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25123 | $95 | $221 | $425 | $700 | $1,054 |
Source: Ownwell