Moyers, West Virginia Property Taxes
The median property tax rate in Moyers, WV is 0.41%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Moyers, the typical annual property tax bill is $264, well below the national median of $2,690. Property taxes in Moyers are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Moyers' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Moyers or another part of Pendleton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moyers, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.41%
Estimate Property Tax Bill
$265
Ownwell’s Moyers Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moyers with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moyers 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 Moyers, West Virginia
Property taxes in Moyers, West Virginia, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moyers is 0.41%, significantly lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Moyers set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moyers 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 Moyers' effective property tax rate to other areas in West Virginia and the national median. For comparison, the 26815 zip code has the highest median property tax rate of 0.41%, while the same zip code also has the lowest median tax rate of 0.41%. Understanding how these areas compare with Moyers provides valuable insights into the varying tax landscape across Pendleton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moyers Tax Rate
0.41%
Average Pendleton County Tax Rate
0.41%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moyers, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26815 | 0.41% | 0.41% | 0.41% | 0.41% | 0.41% |
Source: Ownwell
Property Tax Assessment Values Across Moyers, West Virginia
In Moyers, 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 Pendleton 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 Moyers, 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. Being aware of these valuation processes in Moyers helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 26815 has the highest and lowest median tax bill at $264.
Average Moyers Assessed Value
$64,700
Average Pendleton County Assessed Value
$98,400
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moyers, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26815 | $52,940 | $57,350 | $64,700 | $179,900 | $249,020 |
Source: Ownwell
Property Tax Bills Across Moyers, West Virginia
In Moyers, Pendleton County, WV, property tax bills are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property’s market value, determined by the county assessor. Factors such as property location, size, and improvements can influence this assessed value. For homeowners in Moyers, the median home price stands at $64,700. Property tax bills can vary significantly, with the 25th percentile at $234 and the 75th percentile reaching $733. At the 90th percentile, homeowners might see tax bills as high as $1,015. These variations reflect differences in property values and specific local tax rates. Compared to the national median property tax rate of 0.99%, homeowners in Moyers may experience different financial impacts based on their property's assessed value and the applicable local tax rate. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances accordingly.
Average Moyers Tax Bill
$264
Average Pendleton County Tax Bill
$396
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Moyers, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26815 | $216 | $234 | $264 | $733 | $1,015 |
Source: Ownwell