Wileyville, West Virginia Property Taxes
The median property tax rate in Wileyville, WV is 0.69%, which is notably lower than both the national median of 0.99% and the West Virginia state median of 0.72%. With a median home value of $71,000 in Wileyville, the typical annual property tax bill amounts to $451, significantly below the national median of $2,690. Property taxes in Wileyville are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Wileyville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Wileyville 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
Wileyville, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$490
Ownwell’s Wileyville Property Tax Bill Calculator assists any homeowner, real estate investor, or potential owner in estimating their annual property taxes in Wileyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wileyville 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 Wileyville, West Virginia
Property taxes in Wileyville, West Virginia, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wileyville is 0.69%, which is lower than both the West Virginia state median and the U.S. national median of 0.99%. Local government entities within Wileyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wileyville 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 Wileyville's effective property tax rate to other counties in West Virginia and the national median. For comparison, the 26581 zip code has the highest median property tax rate of 0.69%, while the same zip code also has the lowest median tax rate of 0.69%. Understanding how these cities compare with Wileyville 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 Wileyville 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 Wileyville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26581 | 0.26% | 0.40% | 0.69% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Wileyville, West Virginia
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wileyville, 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 Wileyville, 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. The median home price in Wileyville is $71,000, with annual tax bills ranging from $254 at the 25th percentile to $917 at the 90th percentile. The highest and lowest median tax bills, both at $451, are found in the 26581 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wileyville Assessed Value
$71,000
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 Wileyville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26581 | $18,480 | $49,800 | $71,000 | $96,900 | $129,420 |
Source: Ownwell
Property Tax Bills Across Wileyville, West Virginia
In Wileyville, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Wileyville is $71,000. Property taxes in Wetzel County are relatively lower compared to the national median property tax rate of 0.99%. The tax bill for homeowners in the 25th percentile is approximately $254, while those in the 75th percentile pay around $618. For those in the 90th percentile, the tax bill can reach up to $917. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. These tax bills can significantly impact homeowners, affecting their monthly budgets and overall financial planning. Knowing the tax brackets helps homeowners anticipate their financial obligations and plan accordingly. Despite the variance in tax bills, Wileyville's property taxes remain more affordable compared to many other regions, making it an attractive location for potential homeowners.
Average Wileyville Tax Bill
$451
Average Wetzel County Tax Bill
$518
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Wileyville, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26581 | $137 | $254 | $451 | $618 | $917 |
Source: Ownwell