Metz, West Virginia Property Taxes
The median property tax rate in Metz, WV is 0.69%, lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $76,900 in Metz, the typical annual property tax bill is $488, significantly below the national median of $2,690. Property taxes in Metz are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Metz'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 Metz 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
Metz, 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 Metz Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Metz with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Metz 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 Metz, West Virginia
Property taxes in Metz, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Metz is 0.69%, lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Metz set these rates annually, and they can vary significantly across different neighborhoods. Each year, Metz 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 Metz's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26585 zip code has both the highest and the lowest median property tax rate of 0.69%. Understanding how these cities compare with Metz provides valuable insights into the varying tax landscape across Wetzel County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Metz Tax Rate
0.69%
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 Metz, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26585 | 0.35% | 0.52% | 0.69% | 0.69% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Metz, West Virginia
In Metz, 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 Metz, 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. The median home price in Metz is $76,900, with tax bills ranging from $309 at the 25th percentile to $1,174 at the 90th percentile. Notably, the highest and lowest median tax bills are both $488 in the 26585 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 in Metz helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Metz Assessed Value
$76,900
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 Metz, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26585 | $25,850 | $50,750 | $76,900 | $105,300 | $153,420 |
Source: Ownwell
Property Tax Bills Across Metz, West Virginia
In Metz, Wetzel County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value of the property. The tax rate, known as the millage rate, is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $76,900, homeowners can expect varying tax bills depending on their property's assessed value. The 25th percentile tax bill is around $309, while the 75th percentile reaches $778, and the 90th percentile can be as high as $1,174. These figures indicate that property taxes in Metz are relatively moderate compared to the national median property tax rate of 0.99%. The highest median tax bill in the region is $488, found in the zip code 26585, which is also the lowest, indicating uniformity within this area. Understanding these factors helps homeowners budget for their annual property expenses.
Average Metz Tax Bill
$488
Average Wetzel County Tax Bill
$518
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Metz, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26585 | $144 | $309 | $488 | $778 | $1,174 |
Source: Ownwell