Union, Monroe County, West Virginia Property Taxes

Name: Property Tax Bills Across Union, Monroe County, West Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Union, WV effective property tax rate: 0.63%, significantly lower than the national median of 1.02%, but lower than the West Virginia state median of 0.72%.
Median Union, WV home value: $76,800
Median annual Union, WV tax bill: $478, $1,922 lower than the national median property tax bill of $2,400.

How are property taxes in Monroe calculated?

Property taxes in Union, WV are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Union’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Union, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Union, Monroe County, West Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.63%

Estimate Property Tax Bill

$484

$449

Ownwell’s UNION Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in UNION with just two data points. By entering your property's estimated assessed value, our calculator applies UNION’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in MONROE. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Union, Monroe County, West Virginia

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell. In Union, located in Monroe County, West Virginia, the effective property tax rate stands at 0.63%. This rate is consistent across the county, as Monroe County also reports the highest and lowest median tax rates at 0.63%. When compared to the national median property tax rate of 1.02%, Union's rate is significantly lower, offering a more affordable option for property owners. Additionally, the median property tax bill in the U.S. is $2,400, which suggests that Union residents might experience lower annual tax bills, contributing to the region's appeal for homeowners seeking cost-effective living.

Property Tax Rates Across Union, Monroe County, West Virginia

Source: Ownwell

0.63%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Union Tax Rate

0.63%

Median Effective Monroe County Tax Rate

0.63%

Median Effective West Virginia Tax Rate

0.72%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Union, Monroe County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24983	0.33%	0.52%	0.63%	0.63%	0.78%

Source: Ownwell

Property Tax Assessment Values Across Union, Monroe County, West Virginia

When examining property taxes in Union, West Virginia, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Monroe County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Monroe County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Union. For example, the median home price in Union is $76,800, with tax bills ranging significantly across the county. 24983 has the highest median home price at $76,800.

Property Tax Assessment Values Across Union, Monroe County, West Virginia

Source: Ownwell

$50,300

$71,450

$92,600

Median Union Market Value

$76,800

Median Monroe County Market Value

$74,100

Median West Virginia Market Value

$80,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Union, Monroe County, West Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24983	$23,700	$49,150	$76,800	$123,250	$193,720

Source: Ownwell

Property Tax Bills Across Union, Monroe County, West Virginia

In Union, located in Monroe County, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Union is $76,800. To determine the tax bill, local tax rates are applied to this assessed value. Homeowners in Union can expect a median tax bill of $478, which is significantly lower than the national median property tax bill of $2,400. However, tax bills can vary widely; the 25th percentile tax bill is $258, while the 75th percentile is $802, and the 90th percentile reaches $1,223. These variations depend on factors like property location, improvements, and exemptions available. High property taxes can strain homeowners financially, but Ownwell offers a solution. By providing expert property tax appeal and exemption services, Ownwell helps homeowners reduce their tax burdens, ensuring they only pay their fair share. This can result in significant savings and financial relief for property owners in Union.

Property Tax Bills Across Union, Monroe County, West Virginia

Source: Ownwell

$300

$452

$604

Median Union Tax Bill

$478

Median Monroe County Tax Bill

$436

Median West Virginia Tax Bill

$607

Median United States Tax Bill

$2,400

Property Tax Bills Across Union, Monroe County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24983	$111	$258	$478	$802	$1,223

Source: Ownwell