Star City, West Virginia Property Taxes
The median property tax rate in Star City, WV is 0.79%, notably lower than the national median of 0.99% but slightly higher than the West Virginia state median of 0.72%. With the median home value in Star City at $18,150, the typical annual property tax bill is $253, significantly below the national median of $2,690. Property taxes in Star City are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Star City'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 Star City or another part of Monongalia County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Star City, 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 STAR CITY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in STAR CITY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in STAR CITY 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 Star City, West Virginia
Property taxes in STAR CITY, 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 STAR CITY is 0.79%, which is lower than the U.S. national median of 0.99%. Local government entities within STAR CITY set these rates annually, and they can vary significantly across different neighborhoods. Each year, STAR CITY 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 STAR CITY's effective property tax rate to other areas in West Virginia and the national median. For comparison, the 26505 zip code has the median property tax rate of 0.79%, which is the same as STAR CITY's rate. Understanding how these cities compare with STAR CITY 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 Star City Tax Rate
0.79%
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 Star City, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26505 | 0.79% | 0.79% | 0.79% | 1.19% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Star City, West Virginia
In Star City, 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 Star City, 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 example, the median home price in Star City is $18,150, with tax bills varying significantly. The 25th percentile tax bill is $54, while the 75th percentile tax bill is $1,111, and the 90th percentile tax bill is $2,322. Notably, the zip code with the highest median tax bill is 26505, at $253, which is also the lowest median tax bill in the area. 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 Star City, West Virginia
Source: Ownwell
$18,150
$102,575
$187,000
Average Star City Assessed Value
$18,150
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 Star City, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26505 | $2,580 | $6,450 | $18,150 | $119,575 | $284,950 |
Source: Ownwell
Property Tax Bills Across Star City, West Virginia
In Star City, located in Monongalia County, WV, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to this value to calculate the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Star City can expect a range of tax bills depending on these factors. For instance, the 25th percentile tax bill is $54, while the 75th percentile tax bill is $1,111, and the 90th percentile tax bill can reach up to $2,322. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. However, they can also significantly impact homeowners' finances, especially when the tax bill is on the higher end of the spectrum. Understanding how these taxes are calculated can help homeowners better manage their financial planning.
Average Star City Tax Bill
$253
Average Monongalia County Tax Bill
$1,138
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Star City, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26505 | $30 | $54 | $253 | $1,111 | $2,322 |
Source: Ownwell