Parkersburg, Wood County, West Virginia Property Taxes
The median property tax rate in Parkersburg, WV is 0.89%, which is below the national median of 0.99% but higher than the West Virginia state median of 0.72%. With the median home value in Parkersburg at $88,700, the typical annual property tax bill amounts to $771, significantly lower than the national median of $2,690. Property taxes in Parkersburg are based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Parkersburg'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 Parkersburg or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Parkersburg, Wood County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$789
$733
Ownwell’s Parkersburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Parkersburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Parkersburg 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 Parkersburg, Wood County, West Virginia
Property taxes in Parkersburg, 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 Parkersburg is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Parkersburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Parkersburg 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 Parkersburg's effective property tax rate to other areas in Wood County and the national median. For comparison, the 26101 zip code has the highest median property tax rate of 0.89%, while the 26105 zip code has the lowest median tax rate of 0.66%. Understanding how these areas compare with Parkersburg provides valuable insights into the varying tax landscape across Wood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Parkersburg Tax Rate
0.89%
Average Wood County Tax Rate
0.66%
Average West Virginia Tax Rate
0.72%
Average United States Tax Rate
0.99%
Property Tax Rates Across Parkersburg, Wood County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26101 | 0.50% | 0.66% | 0.89% | 0.89% | 1.77% |
| 26102 | N/A | N/A | N/A | N/A | N/A |
| 26104 | 0.51% | 0.66% | 0.68% | 0.89% | 1.32% |
| 26105 | 0.48% | 0.56% | 0.66% | 0.66% | 0.89% |
Source: Ownwell
Property Tax Assessment Values Across Parkersburg, Wood County, West Virginia
In Parkersburg, 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 Wood 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 Parkersburg, 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 Parkersburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,439 in the 26102 zip code, while the lowest is $709 in the 26101 zip code.
Property Tax Assessment Values Across Parkersburg, Wood County, West Virginia
Source: Ownwell
$77,400
$110,675
$143,950
Average Parkersburg Assessed Value
$88,700
Average Wood County Assessed Value
$103,100
Average West Virginia Assessed Value
$80,900
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Parkersburg, Wood County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26101 | $18,700 | $44,600 | $77,400 | $120,900 | $174,980 |
| 26102 | N/A | N/A | N/A | N/A | N/A |
| 26104 | $33,790 | $70,525 | $108,900 | $166,675 | $231,820 |
| 26105 | $30,300 | $76,900 | $138,100 | $205,700 | $394,200 |
Source: Ownwell
Property Tax Bills Across Parkersburg, Wood County, West Virginia
In Parkersburg, located in Wood County, WV, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the market value, determined by the county assessor. Several factors influence this value, including the home's location, size, and condition. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Parkersburg, the median home price is $88,700. Property tax bills vary significantly, with the 25th percentile at $461 and the 75th percentile reaching $1,154. The 90th percentile tax bill can be as high as $1,661. The highest median tax bill in the area is $1,439 in the 26102 zip code, while the lowest is $709 in the 26101 zip code. These tax bills can have a considerable impact on homeowners, influencing their monthly housing costs and overall financial planning. Compared to the national median property tax rate of 0.99%, Parkersburg's rates can be quite variable, affecting homeowners differently based on their specific property and location.
Average Parkersburg Tax Bill
$771
Average Wood County Tax Bill
$822
Average West Virginia Tax Bill
$607
Average United States Tax Bill
$2,690
Property Tax Bills Across Parkersburg, Wood County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26101 | $185 | $418 | $709 | $1,064 | $1,502 |
| 26102 | N/A | N/A | N/A | N/A | N/A |
| 26104 | $278 | $544 | $878 | $1,307 | $1,813 |
| 26105 | $244 | $509 | $876 | $1,371 | $2,828 |
Source: Ownwell