New Martinsville, Marshall County, West Virginia Property Taxes

Name: Property Tax Bills Across New Martinsville, Marshall County, West Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median New Martinsville, WV effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, but lower than the West Virginia state median of 0.72%.
Median New Martinsville, WV home value: $111,000
Median annual New Martinsville, WV tax bill: $671, $1,729 lower than the national median property tax bill of $2,400.

How are property taxes in Marshall County calculated?

Property taxes in New Martinsville, 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 New Martinsville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Martinsville, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

New Martinsville, Marshall County, West Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.6%

Estimate Property Tax Bill

$666

$618

Ownwell’s New Martinsville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Martinsville with just two data points. By entering your property's estimated assessed value, our calculator applies New Martinsville’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Marshall County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across New Martinsville, Marshall County, West Virginia

Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation is due to the annual budgeting process where each county estimates the funds needed to provide essential services and then divides this amount by the total value of all taxable properties in the area. This calculation determines the property tax rate. While votes and laws play a role in establishing these rates and budgets, this is essentially how the process unfolds each year.

Residents of New Martinsville in Marshall County experience an effective property tax rate that is notably lower than the national median of 1.02%. Compared to other cities in West Virginia, New Martinsville's rate is competitive, reflecting the state's median tax rate that is also below the national average. This can be an attractive factor for homeowners considering the lower tax burden relative to other parts of the country. Understanding these rates can help property owners make informed decisions and potentially save money through appeals or exemptions.

Property Tax Rates Across New Martinsville, Marshall County, West Virginia

Source: Ownwell

0.60%

0.71%

0.81%

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 New Martinsville Tax Rate

0.60%

Median Effective Marshall County Tax Rate

0.60%

Median Effective West Virginia Tax Rate

0.72%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across New Martinsville, Marshall County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
26155	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across New Martinsville, Marshall County, West Virginia

When examining property taxes in New Martinsville, 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 Marshall County Assessor's Office 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 Marshall 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 New Martinsville. For example, the median home price in New Martinsville is $111,000, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across New Martinsville, Marshall County, West Virginia

Source: Ownwell

$46,300

$83,100

$119,900

Median New Martinsville Market Value

$111,000

Median Marshall County Market Value

$76,200

Median West Virginia Market Value

$80,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across New Martinsville, Marshall County, West Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
26155	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across New Martinsville, Marshall County, West Virginia

In New Martinsville, located in Marshall County, WV, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the home. Homeowners in New Martinsville face a median property tax bill that is significantly lower than the national median of $2,400, with the 25th percentile tax bill at $455 and the 75th percentile at $1,053. The property tax rate in this area is quite favorable compared to the national median property tax rate of 1.02%. However, property taxes can still pose a financial burden for some homeowners. This is where Ownwell can be of assistance. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax bills. Our team analyzes your property’s assessment, identifies any discrepancies, and files appeals on your behalf, ensuring that you pay only your fair share of property taxes.

Property Tax Bills Across New Martinsville, Marshall County, West Virginia

Source: Ownwell

$361

$561

$761

Median New Martinsville Tax Bill

$671

Median Marshall County Tax Bill

$513

Median West Virginia Tax Bill

$607

Median United States Tax Bill

$2,400

Property Tax Bills Across New Martinsville, Marshall County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
26155	N/A	N/A	N/A	N/A	N/A

Source: Ownwell