Elbert, Mcdowell County, West Virginia Property Taxes

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

Median Elbert, WV effective property tax rate: 1.65%, significantly higher than the national median of 1.02%, but lower than the West Virginia state median of 0.72%.
Median Elbert, WV home value: $13,000
Median annual Elbert, WV tax bill: $170, $2,230 lower than the national median property tax bill of $2,400.

How are property taxes in McDowell calculated?

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

Last Updated March 1, 2025

Elbert, Mcdowell County, West Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.66%

Estimate Property Tax Bill

$216

$200

Ownwell’s ELBERT Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in ELBERT with just two data points. By entering your property's estimated assessed value, our calculator applies ELBERT’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 McDowell. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Elbert, Mcdowell County, West Virginia

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Below, you can compare Elbert’s effective property tax rate to other cities in West Virginia and the median property tax rates in West Virginia and the U.S.

Property Tax Rates Across Elbert, Mcdowell County, West Virginia

Source: Ownwell

0.68%

1.17%

1.66%

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 Elbert Tax Rate

1.66%

Median Effective Mcdowell County Tax Rate

1.36%

Median Effective West Virginia Tax Rate

0.71%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Elbert, Mcdowell County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24830	0.83%	0.83%	1.66%	1.66%	1.66%

Source: Ownwell

Property Tax Assessment Values Across Elbert, Mcdowell County, West Virginia

When examining property taxes in Elbert, 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 McDowell 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 McDowell 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 Elbert.

For example, the median home price in Elbert is $13,000, with tax bills ranging significantly across the county. Zip code 24830 has the highest median home price at $13,000.

Property Tax Assessment Values Across Elbert, Mcdowell County, West Virginia

Source: Ownwell

$10,700

$16,325

$21,950

Median Elbert Market Value

$13,000

Median Mcdowell County Market Value

$12,200

Median West Virginia Market Value

$85,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Elbert, Mcdowell County, West Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24830	$2,510	$9,050	$13,000	$18,075	$21,560

Source: Ownwell

Property Tax Bills Across Elbert, Mcdowell County, West Virginia

In Elbert, located in McDowell County, WV, property tax bills are calculated using the assessed value of the home and the local tax rate. The assessed value is typically a percentage of the market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Elbert, the median property tax bill is $170, significantly lower than the national median of $2,400. This lower tax burden can be attributed to the region's relatively low median home price of $13,000. However, even with lower bills, it's crucial for homeowners to ensure they are not overpaying. Ownwell offers services that can help homeowners in Elbert appeal their property tax assessments and identify potential exemptions, potentially reducing their tax liabilities. By leveraging Ownwell's expertise, homeowners can navigate the complexities of property tax assessments, ensuring they pay only their fair share.

Property Tax Bills Across Elbert, Mcdowell County, West Virginia

Source: Ownwell

$96

$133

$169

Median Elbert Tax Bill

$168

Median Mcdowell County Tax Bill

$125

Median West Virginia Tax Bill

$629

Median United States Tax Bill

$2,400

Property Tax Bills Across Elbert, Mcdowell County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24830	$25	$97	$168	$215	$300

Source: Ownwell