Blacksville, West Virginia Property Taxes
The median property tax rate in Blacksville, WV is 0.64%, 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 Blacksville at $78,650, the typical annual property tax bill reaches $596, which is significantly less than the national median of $2,690. Property taxes in Blacksville 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 Blacksville'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 Blacksville or another part of Monongalia County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blacksville, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$503
Ownwell’s Blacksville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blacksville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blacksville 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 Blacksville, West Virginia
Property taxes in Blacksville, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blacksville is 0.64%, lower than both the West Virginia state median of 0.55% and the U.S. national median of 0.99%. Local government entities within Blacksville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blacksville 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 Blacksville's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26521 zip code has both the highest and lowest median property tax rate of 0.64%. Understanding how these cities compare with Blacksville provides valuable insights into the varying tax landscape across Monongalia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blacksville Tax Rate
0.64%
Average Monongalia County Tax Rate
0.64%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blacksville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26521 | 0.45% | 0.64% | 0.64% | 0.81% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Blacksville, West Virginia
In Blacksville, 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 Monongalia 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 Blacksville, 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, the median home price in Blacksville is $78,650, with tax bills ranging from $308 at the 25th percentile to $1,362 at the 90th percentile. The zip code 26521 has both the highest and lowest median tax bills at $596. 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.
Property Tax Assessment Values Across Blacksville, West Virginia
Source: Ownwell
$18,150
$102,575
$187,000
Average Blacksville Assessed Value
$78,650
Average Monongalia County Assessed Value
$146,600
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blacksville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26521 | $11,640 | $40,975 | $78,650 | $114,300 | $172,770 |
Source: Ownwell
Property Tax Bills Across Blacksville, West Virginia
In Blacksville, WV, property tax bills are calculated based on the assessed value of a home rather than its market value. The assessed value is determined by the Monongalia County Assessor's Office, which evaluates the property's worth for tax purposes. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Blacksville may see a range in their tax bills. For instance, the 25th percentile tax bill is around $308, while those in the 90th percentile can expect to pay approximately $1,362 annually. Comparatively, the median tax bill in the area is $596, which is below the national median property tax rate of 0.99%. Understanding these factors and how they contribute to the final tax bill can help homeowners budget more effectively and anticipate annual property-related expenses.
Average Blacksville Tax Bill
$596
Average Monongalia County Tax Bill
$1,138
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Blacksville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26521 | $138 | $308 | $596 | $875 | $1,362 |
Source: Ownwell