Dallas, West Virginia Property Taxes
The median property tax rate in Dallas, WV is 0.69%, 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 at $128,200, the typical annual property tax bill is $645, significantly below the national median of $2,690. Property taxes in Dallas are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Dallas'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 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
0.69%
Estimate Property Tax Bill
$885
Ownwell’s Dallas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dallas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dallas 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 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 0.69%, lower than both the West Virginia state median and 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. The data below compares Dallas's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26036 zip code has the highest median property tax rate of 0.69%, while the 26036 zip code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with Dallas provides valuable insights into the varying tax landscape across Ohio County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dallas Tax Rate
0.69%
Average Ohio County Tax Rate
0.89%
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 | 0.47% | 0.51% | 0.69% | 0.69% | 0.69% |
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 Ohio 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. 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. In Dallas, the median home price is $128,200, with tax bills ranging from $473 at the 25th percentile to $1,452 at the 90th percentile. The highest median tax bill of $645 is found in the 26036 zip code, which also has the lowest median tax bill at the same value. 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.
Average Dallas Assessed Value
$128,200
Average Ohio County Assessed Value
$94,700
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 | $72,060 | $92,025 | $128,200 | $192,650 | $210,050 |
Source: Ownwell
Property Tax Bills Across Dallas, West Virginia
In Dallas, Ohio County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. This assessed value is typically a percentage of the property's market value. The local property tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the home's location, size, and any improvements made to the property. For homeowners in Dallas, the median home price is $128,200. Property tax bills can vary significantly, with the 25th percentile at $473 and the 75th percentile at $1,038. At the 90th percentile, the tax bill rises to $1,452. These figures illustrate the range of property tax burdens that homeowners might encounter. The highest median tax bill in the area is $645, which is below the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Dallas Tax Bill
$645
Average Ohio County Tax Bill
$851
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 | $322 | $473 | $645 | $1,038 | $1,452 |
Source: Ownwell