Saint Marys, West Virginia Property Taxes
The median property tax rate in Saint Marys, WV is 0.65%, which is considerably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With the median home value in Saint Marys at $68,550, the typical annual property tax bill reaches $417, significantly below the national median of $2,690. Property taxes in Saint Marys are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Saint Marys' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Saint Marys 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
Saint Marys, 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 Saint Marys Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Marys with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Marys 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 Saint Marys, West Virginia
Property taxes in Saint Marys, 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 Saint Marys is 0.65%, which is lower than the U.S. national median of 0.99%. Local government entities within Saint Marys set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Marys 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 Saint Marys' effective property tax rate to other areas in West Virginia and the national median. For comparison, the 26170 zip code has both the highest and lowest median property tax rate of 0.65%. Understanding how these areas compare with Saint Marys provides valuable insights into the varying tax landscape across Ritchie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Marys Tax Rate
0.65%
Average Ritchie County Tax Rate
0.65%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Marys, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26170 | 0.49% | 0.65% | 0.65% | 0.65% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Saint Marys, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Saint Marys, West Virginia. 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 local authorities 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 in Saint Marys 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 Saint Marys is $68,550, with median tax bills ranging from $269 at the 25th percentile to $790 at the 90th percentile. The zip code 26170 has both the highest and lowest median tax bill at $417. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Saint Marys, West Virginia
Source: Ownwell
$34,300
$68,800
$103,300
Average Saint Marys Assessed Value
$68,550
Average Ritchie County Assessed Value
$64,450
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Marys, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26170 | $28,570 | $47,725 | $68,550 | $104,375 | $122,620 |
Source: Ownwell
Property Tax Bills Across Saint Marys, West Virginia
In Saint Marys, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. Several factors, including property size, location, and condition, influence this assessed value. Homeowners in Saint Marys see property tax bills that vary significantly. For instance, the 25th percentile tax bill is around $269, while the 75th percentile reaches $630, and the 90th percentile can go up to $790. The median home price in the area stands at $68,550. Comparatively, the national median property tax rate is 0.99%, making Saint Marys' property taxes relatively moderate. These tax bills directly impact homeowners by affecting their annual financial planning and the affordability of homeownership. Understanding how these taxes are calculated helps homeowners anticipate and manage their expenses more effectively.
Average Saint Marys Tax Bill
$417
Average Ritchie County Tax Bill
$428
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Marys, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26170 | $187 | $269 | $417 | $630 | $790 |
Source: Ownwell