Paden City, West Virginia Property Taxes
The median property tax rate in Paden City, WV is 0.84%, which is lower than the national median of 0.99% but higher than the West Virginia state median of 0.72%. With a median home value of $70,100 in Paden City, the typical annual property tax bill is approximately $535, well below the national median of $2,690. Property taxes in Paden City are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Paden City'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 Paden City or another part of Wetzel County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Paden City, 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 Paden City Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Paden City to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities, making financial planning easier and more transparent. For those interested in more localized trends, additional neighborhood-level information is available. Remember, your property’s assessed value is determined by Wetzel County for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Paden City, West Virginia
Property taxes in Paden City, 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 Paden City is 0.84%, which is lower than the U.S. national median of 0.99%. Local government entities within Paden City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Paden City 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 Paden City's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26159 zip code has the highest median property tax rate of 0.84%, while the 26159 zip code also has the lowest median tax rate of 0.84%. Understanding how these cities compare with Paden City 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 Paden City Tax Rate
0.84%
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 Paden City, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26159 | 0.44% | 0.58% | 0.84% | 0.84% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Paden City, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Paden City, 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 the Wetzel County Assessor 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 Paden City, 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 Paden City is $70,100, with tax bills ranging from $314 at the 25th percentile to $1,057 at the 90th percentile. The highest and lowest median tax bills are both $535 in the 26159 zip code. By understanding these valuation processes, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Paden City Assessed Value
$70,100
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 Paden City, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26159 | $16,360 | $41,400 | $70,100 | $95,300 | $121,060 |
Source: Ownwell
Property Tax Bills Across Paden City, West Virginia
In Paden City, Wetzel County, WV, property tax bills are calculated based on the assessed value of a home. The median home price in Paden City is $70,100, and the property tax rate is applied to this value to determine the tax bill. Factors such as local government budgets, school district funding, and public services influence the tax rate, ultimately impacting the homeowner's annual tax bill. For homeowners in Paden City, property tax bills can vary significantly. The 25th percentile tax bill is $314, while the 75th percentile tax bill rises to $769. At the 90th percentile, homeowners can expect to pay around $1,057. These variations highlight the differences in property values and the corresponding tax obligations within the city. Compared to the national median property tax rate of 0.99%, Paden City's property tax rates reflect the local economic conditions and funding requirements. Homeowners in this area need to be aware of these factors as they directly affect their annual financial responsibilities.
Average Paden City Tax Bill
$535
Average Wetzel County Tax Bill
$518
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Paden City, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26159 | $139 | $314 | $535 | $769 | $1,057 |
Source: Ownwell