Cameron, West Virginia Property Taxes
The median property tax rate in Cameron, WV is 0.35%, 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 $69,000 in Cameron, the typical annual property tax bill amounts to $245, which is well below the national median of $2,690. Property taxes in Cameron are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Cameron's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Cameron or another part of Wetzel County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cameron, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$241
Ownwell’s Cameron Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cameron with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cameron 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 Cameron, West Virginia
Property taxes in Cameron, 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 Cameron is 0.35%, significantly lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Cameron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cameron 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 Cameron's effective property tax rate to other counties in West Virginia and the national median. For comparison, the highest median property tax rate in the state is found in Wetzel County, while the lowest median tax rate is recorded elsewhere. Understanding how these cities compare with Cameron provides valuable insights into the varying tax landscape across Marshall County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cameron Tax Rate
0.35%
Average Wetzel County Tax Rate
0.69%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cameron, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26033 | 0.35% | 0.35% | 0.35% | 0.35% | 0.35% |
Source: Ownwell
Property Tax Assessment Values Across Cameron, West Virginia
In Cameron, 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 Wetzel 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 Cameron, 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 Cameron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 26033 has the highest and lowest median tax bill at $245, reflecting the uniformity in tax assessments within the region.
Average Cameron Assessed Value
$69,000
Average Wetzel County Assessed Value
$72,300
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cameron, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26033 | $69,000 | $69,000 | $69,000 | $69,000 | $69,000 |
Source: Ownwell
Property Tax Bills Across Cameron, West Virginia
In Cameron, situated in Wetzel County, WV, property tax bills are calculated based on the assessed value of the property. The local assessor evaluates properties to determine their assessed value, which is then multiplied by the local tax rate to establish the tax bill. For homeowners in Cameron, the median home price is $69,000, and the median property tax rate in Wetzel County is consistent, resulting in tax bills around $245. This is significantly lower than the national median property tax rate of 0.99%. Factors that influence the assessed value include property size, location, and market conditions. For instance, homes in desirable areas with high market values will have higher assessed values and, consequently, higher tax bills. The uniformity of tax bills in Cameron, with the 25th, 75th, and 90th percentiles all at $245, suggests a stable and predictable tax environment for homeowners. This stability helps homeowners budget more effectively and prevents unexpected financial burdens.
Average Cameron Tax Bill
$245
Average Wetzel County Tax Bill
$518
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Cameron, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26033 | $245 | $245 | $245 | $245 | $245 |
Source: Ownwell