Fairmont, Harrison County, West Virginia Property Taxes
Median Fairmont, WV effective property tax rate: 0.70%, significantly lower than the national median of 1.02%, but lower than the West Virginia state median of 0.72%.
Median Fairmont, WV home value: $72,300
Median annual Fairmont, WV tax bill: $434, $1,966 lower than the national median property tax bill of $2,400.
How are property taxes in Harrison County calculated?
Property taxes in Fairmont, WV are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Fairmont’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fairmont, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Fairmont, Harrison County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.7%
Estimate Property Tax Bill
$506
$470
Property Tax Rates Across Fairmont, Harrison County, West Virginia
Local government entities determine tax rates, which can vary significantly within a state. This variation arises because each county annually estimates its budgetary needs for services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although setting tax rates and budgets involves votes and laws, this is the essence of the annual process.
In Fairmont, located in Harrison County, West Virginia, the effective property tax rate provides an interesting comparison to other cities within the state and the national median. The median property tax rate in West Virginia is noticeably below the national median rate of 1.02%. This makes Fairmont an attractive option for homeowners looking for lower property tax burdens.
The relatively low tax rate in Fairmont can be appealing for those seeking to optimize their property investments while enjoying the services funded by these taxes. With the national median property tax bill at $2,400, Fairmont offers a compelling case for affordable living. By understanding these rates, property owners can make informed decisions about their real estate investments.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Fairmont Tax Rate
0.70%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Harrison County Tax Rate
0.74%
Median Effective West Virginia Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Fairmont, Harrison County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26554 | 0.39% | 0.62% | 0.70% | 0.70% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Fairmont, Harrison County, West Virginia
When examining property taxes in Fairmont, WV, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Harrison County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Harrison County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Fairmont.
For example, the median home price in Fairmont is $72,300, with tax bills ranging significantly across the county. Zip code 26554 has the highest median home price at $72,300.
Property Tax Assessment Values Across Fairmont, Harrison County, West Virginia
Source: Ownwell
$10,500
$101,925
$193,350
Median Fairmont Market Value
$72,300
Median Harrison County Market Value
$76,800
Median West Virginia Market Value
$80,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Fairmont, Harrison County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26554 | $4,150 | $30,500 | $72,300 | $104,725 | $175,120 |
Source: Ownwell
Property Tax Bills Across Fairmont, Harrison County, West Virginia
In Fairmont, located in Harrison County, WV, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate set by the local government. With a median home price of $72,300, homeowners in Fairmont typically pay a property tax bill that can range from $217 at the 25th percentile to $1,235 at the 90th percentile. The median property tax bill in the area is $434, significantly lower than the national median of $2,400. This relatively low tax bill can be attributed to the local tax rate and the assessed property values in the region.
Homeowners might still find these bills burdensome. That's where Ownwell comes in. By offering property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax bills. Our experts analyze property assessments, identify discrepancies, and guide homeowners through the appeal process, ensuring they pay only what they owe.
Median Fairmont Tax Bill
$434
Median Harrison County Tax Bill
$688
Median West Virginia Tax Bill
$607
Median United States Tax Bill
$2,400
Property Tax Bills Across Fairmont, Harrison County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26554 | $68 | $217 | $434 | $743 | $1,235 |
Source: Ownwell