Wirt County Property Taxes
The median property tax rate in Wirt County is 0.72%, which aligns with the West Virginia state median but remains lower than the national median of 0.99%. With a median home value of $51,900 in Wirt County, the typical annual property tax bill is around $340, significantly below the national median of $2,690. Property taxes in Wirt County are determined based on the tax assessed value, which often falls short of the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Wirt County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Elizabeth or another part of Wirt County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wirt County 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 Wirt County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Wirt County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Wirt County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Wirt County, West Virginia
Property taxes in Wirt County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Wirt County is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Wirt County set these rates annually, and they can vary significantly between different areas within the county. Each year, Wirt County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Wirt County's effective property tax rate with other counties and the national median. For comparison, the city of Reedy has one of the higher property tax rates in the county at 0.72%, while the city of Munday boasts one of the lowest at 0.72%. Analyzing how Wirt County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Wirt County Tax Rate
0.72%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wirt County, West Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brohard | 0.35% | 0.72% | 0.72% | 0.72% | 0.72% |
| Creston | 0.30% | 0.72% | 0.72% | 0.72% | 0.72% |
| Elizabeth | 0.36% | 0.72% | 0.72% | 0.72% | 0.87% |
| Le Roy | 0.35% | 0.49% | 0.72% | 0.72% | 0.72% |
| Munday | 0.42% | 0.60% | 0.72% | 0.72% | 0.72% |
| Palestine | 0.38% | 0.62% | 0.72% | 0.72% | 0.72% |
| Reedy | 0.72% | 0.72% | 0.72% | 0.72% | 0.72% |
| Sandyville | 0.37% | 0.72% | 0.72% | 0.72% | 0.72% |
| Walker | 0.40% | 0.72% | 0.72% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Wirt County, West Virginia
In Wirt County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Wirt County Appraisal District. The assessed value, however, 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. Assessment notices in Wirt County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Wirt County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Wirt County, the city with the highest median tax bill is Reedy at $748, while the lowest is Munday at $143.
Property Tax Assessment Values Across Wirt County, West Virginia
Source: Ownwell
$20,300
$61,900
$103,500
Average Wirt County Assessed Value
$51,900
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wirt County, West Virginia
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brohard | $22,680 | $31,950 | $48,850 | $66,625 | $95,300 |
| Creston | $8,900 | $20,925 | $35,200 | $62,050 | $121,360 |
| Elizabeth | $11,070 | $25,250 | $50,750 | $84,475 | $127,430 |
| Le Roy | $30,600 | $42,200 | $72,500 | $115,500 | $172,300 |
| Munday | $8,720 | $16,800 | $20,300 | $67,300 | $157,260 |
| Palestine | $22,180 | $34,300 | $63,200 | $97,500 | $141,420 |
| Reedy | $103,500 | $103,500 | $103,500 | $103,500 | $103,500 |
| Sandyville | $23,860 | $59,100 | $82,800 | $129,000 | $140,520 |
| Walker | $14,450 | $23,150 | $49,500 | $78,575 | $125,220 |
Source: Ownwell
Property Tax Bills Across Wirt County, West Virginia
In Wirt County, WV, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Various factors influence the assessed value, including property size, location, and condition. For homeowners, this means that the amount they owe can vary significantly. For instance, the 25th percentile of tax bills is around $172, while the 75th percentile is $602, and the 90th percentile reaches up to $929. The highest median tax bill is found in Reedy at $748, whereas Munday has the lowest at $143. Compared to the national median property tax rate of 0.99%, Wirt County offers relatively lower tax burdens for homeowners. However, these taxes are crucial for funding local services and infrastructure, impacting the quality of life in the community. Understanding how these factors interplay can help homeowners better anticipate their annual property tax obligations.
Average Wirt County Tax Bill
$340
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Wirt County, West Virginia
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Brohard | $74 | $185 | $330 | $477 | $655 |
| Creston | $41 | $130 | $203 | $399 | $769 |
| Elizabeth | $68 | $166 | $341 | $610 | $938 |
| Le Roy | $157 | $233 | $444 | $836 | $1,091 |
| Munday | $53 | $88 | $143 | $606 | $1,095 |
| Palestine | $121 | $224 | $371 | $628 | $953 |
| Reedy | $748 | $748 | $748 | $748 | $748 |
| Sandyville | $173 | $186 | $599 | $933 | $1,016 |
| Walker | $104 | $164 | $307 | $537 | $754 |
Source: Ownwell