Rosemont, Taylor County, West Virginia Property Taxes
The median property tax rate in Rosemont, WV is 0.59%, significantly lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $18,300 in Rosemont, the typical annual property tax bill is just $131, much lower than the national median of $2,690. Property taxes in Rosemont are calculated based on the tax assessed value, which is generally lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Rosemont's property tax system, exploring available exemptions, and identifying potential opportunities for reductions can lead to notable annual savings. Whether you're in the heart of Rosemont or another part of Taylor County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rosemont, Taylor County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$108
$100
Ownwell’s Rosemont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rosemont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rosemont 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 Rosemont, Taylor County, West Virginia
Property taxes in Rosemont, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rosemont is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Rosemont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rosemont 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. Understanding how Rosemont's effective property tax rate compares to other regions provides valuable insights into the varying tax landscape across Taylor County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rosemont Tax Rate
0.59%
Average Taylor County Tax Rate
0.59%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rosemont, Taylor County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26424 | 0.59% | 0.59% | 0.59% | 1.19% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Rosemont, Taylor County, West Virginia
In Rosemont, 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 Taylor County Appraisal District 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 Rosemont, 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. For instance, the highest median tax bill in Rosemont is $131 in the zip code 26424, while the lowest median tax bill is also $131 in the same zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Rosemont, Taylor County, West Virginia
Source: Ownwell
$18,300
$103,200
$188,100
Average Rosemont Assessed Value
$18,300
Average Taylor County Assessed Value
$85,250
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rosemont, Taylor County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26424 | $3,300 | $7,500 | $18,300 | $65,100 | $204,000 |
Source: Ownwell
Property Tax Bills Across Rosemont, Taylor County, West Virginia
In Rosemont, Taylor County, WV, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Rosemont is $18,300, which is significantly lower compared to many regions across the country. The property tax rate in this area is relatively modest, with the median tax bill being $131.00. Several factors influence the tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions. Homeowners in Rosemont can expect their property tax bills to vary, with the 25th percentile tax bill at $70, the 75th percentile at $532, and the 90th percentile reaching up to $1,513. These property taxes fund essential public services such as schools, infrastructure, and emergency services. For homeowners, understanding how these factors interplay is crucial for financial planning and managing yearly expenses. Lower property values and tax rates can make homeownership more affordable in Rosemont compared to areas with higher property values and tax rates.
Average Rosemont Tax Bill
$131
Average Taylor County Tax Bill
$583
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Rosemont, Taylor County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26424 | $43 | $70 | $131 | $532 | $1,513 |
Source: Ownwell