Saint Marys, West Virginia Property Taxes
The median property tax rate in Saint Marys, WV is 0.65%, which is notably 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 $39,600, the typical annual property tax bill is approximately $246, significantly below the national median of $2,690. Property taxes in Saint Marys are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. 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
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$257
Ownwell’s Saint Marys Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, or potential owners looking to estimate their annual property taxes in Saint Marys. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Saint Marys to provide an accurate property tax bill estimate. This feature offers a clear understanding of your potential tax liabilities. For those interested in more detailed information, including neighborhood-level trends, additional insights are available by scrolling down. Your property’s assessed value is determined by the county and includes any applicable exemptions, ensuring a precise calculation for tax purposes.
Property Tax Rates Across Saint Marys, West Virginia
Property taxes in Saint Marys, West Virginia, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Marys is 0.65%, lower than both the West Virginia state median and 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 counties in West Virginia and the national median. For comparison, the 26170 zip code has the highest median property tax rate of 0.65%, while the same zip code also has the lowest median tax rate of 0.65%. Understanding how these cities compare with Saint Marys provides valuable insights into the varying tax landscape across Tyler County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Marys Tax Rate
0.65%
Average Tyler 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 | 0.13% | 0.65% | 0.65% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Saint Marys, West Virginia
In Saint Marys, 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 Tyler County Assessor's Office 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 Saint Marys, 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 Saint Marys helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $246 in the 26170 zip code, which is also the lowest median tax bill, highlighting the consistent property tax landscape in this region.
Property Tax Assessment Values Across Saint Marys, West Virginia
Source: Ownwell
$39,600
$63,800
$88,000
Average Saint Marys Assessed Value
$39,600
Average Tyler County Assessed Value
$59,000
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 | $4,540 | $30,025 | $39,600 | $69,150 | $89,190 |
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 local tax assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $39,600, homeowners can expect a tax bill ranging from $83 at the 25th percentile to $528 at the 75th percentile, and up to $594 at the 90th percentile. Several factors influence the assessed value, including the property's market value, location, and any improvements made to the property. These factors ensure that the tax burden is distributed fairly among homeowners. Compared to the national median property tax rate of 0.99%, the rates in Saint Marys can be considered relatively low, making it an attractive area for potential homeowners. However, the tax bills can still vary significantly within the region, impacting household budgets differently.
Average Saint Marys Tax Bill
$246
Average Tyler County Tax Bill
$399
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 | $16 | $83 | $246 | $528 | $594 |
Source: Ownwell