Wheeling, West Virginia Property Taxes
The median property tax rate in Wheeling, WV is 0.89%, slightly below the national median of 0.99% but higher than the West Virginia state median of 0.72%. With a median home value of $95,700 in Wheeling, the typical annual property tax bill amounts to $875, which is significantly lower than the national median of $2,690. Property taxes in Wheeling are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural land. Understanding Wheeling'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 Wheeling or another part of Ohio County, being informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wheeling, 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 Wheeling Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wheeling with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wheeling 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 Wheeling, West Virginia
Property taxes in Wheeling, 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 Wheeling is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Wheeling set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wheeling 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 Wheeling's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26003 zip code has the highest median property tax rate of 0.89%, while the same zip code also has the lowest median tax rate of 0.89%. Understanding how these cities compare with Wheeling 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 Wheeling Tax Rate
0.89%
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 Wheeling, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26003 | 0.56% | 0.69% | 0.89% | 0.89% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Wheeling, West Virginia
In Wheeling, 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. In Wheeling, 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. The median home price in Wheeling is $95,700, with tax bills ranging from $502 at the 25th percentile to $2,200 at the 90th percentile. The highest and lowest median tax bills are both $875 in the 26003 zip code. Being aware of these valuation processes in Wheeling helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wheeling Assessed Value
$95,700
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 Wheeling, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26003 | $24,400 | $51,000 | $95,700 | $153,000 | $246,610 |
Source: Ownwell
Property Tax Bills Across Wheeling, West Virginia
In Wheeling, Ohio County, WV, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The tax rate, or millage rate, is then applied to the assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For example, a median home price of $95,700 can give you an idea of the typical market value in Wheeling. Homeowners can expect their tax bills to vary; the 25th percentile tax bill is around $502, while the 75th percentile tax bill reaches approximately $1,412. At the higher end, the 90th percentile tax bill can be as much as $2,200. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Compared to the national median property tax rate of 0.99%, Wheeling's tax bills reflect the local economic conditions and public service needs.
Average Wheeling Tax Bill
$875
Average Ohio County Tax Bill
$851
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Wheeling, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26003 | $238 | $502 | $875 | $1,412 | $2,200 |
Source: Ownwell