Jolo, Mcdowell County, West Virginia Property Taxes

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

Median JOLO, WV effective property tax rate: 1.36%, significantly higher than the national median of 1.02%, but lower than the West Virginia state median of 0.72%.
Median JOLO, WV home value: $14,000
Median annual JOLO, WV tax bill: $116, $2,284 lower than the national median property tax bill of $2,400.

How are property taxes in McDowell calculated?

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

Last Updated March 1, 2025

Jolo, Mcdowell County, West Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.36%

Estimate Property Tax Bill

$190

$177

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

Property Tax Rates Across Jolo, Mcdowell County, West Virginia

Local government entities set tax rates, which can vary widely within a state. This variability is due to each county estimating its required budget annually to provide services and dividing 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, this is the annual process.

In Jolo, located in McDowell County, WV, the effective property tax rate is notable when compared to other cities in the state. The median property tax rate in West Virginia is 1.36%, which is higher than the national median of 1.02%. This means that property owners in Jolo may face higher tax bills compared to the national average, despite the state having a uniform rate across its counties. Understanding these rates is crucial for homeowners looking to manage their property tax obligations effectively. By appealing or seeking exemptions, residents can potentially reduce their tax burden and ensure they're not overpaying.

Property Tax Rates Across Jolo, Mcdowell County, West Virginia

Source: Ownwell

0.68%

1.17%

1.65%

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 Jolo Tax Rate

1.36%

Median Effective Mcdowell County Tax Rate

1.36%

Median Effective West Virginia Tax Rate

0.72%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Jolo, Mcdowell County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
24850	0.44%	0.68%	1.36%	1.36%	1.37%

Source: Ownwell

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

When examining property taxes in Jolo, West Virginia, 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. Assessment notices: In McDowell County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Jolo. For example, the median home price in Jolo is $14,000, with tax bills ranging significantly across the county. Zip code 24850 has the highest median home price at $14,000.

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

Source: Ownwell

$12,400

$17,200

$22,000

Median Jolo Market Value

$14,000

Median Mcdowell County Market Value

$12,200

Median West Virginia Market Value

$80,900

Median United States Market Value

$235,294

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

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
24850	$2,220	$7,500	$14,000	$23,400	$35,520

Source: Ownwell

Property Tax Bills Across Jolo, Mcdowell County, West Virginia

In Jolo, located in McDowell County, WV, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined based on a percentage of the market value, which can be influenced by factors such as location, size, and condition of the property. With a median home price of $14,000 in Jolo, homeowners face a property tax bill that is significantly lower than the national median of $2,400. The tax bill at the 25th percentile is $66, while at the 75th percentile, it is $186, and at the 90th percentile, it reaches $340. Despite these lower figures, property taxes can still be a burden for some homeowners. This is where Ownwell steps in, offering services to appeal property tax assessments and secure exemptions, potentially reducing the tax burden. By analyzing local market trends and ensuring accurate assessments, Ownwell helps homeowners in Jolo save money and manage their property tax bills more effectively.

Property Tax Bills Across Jolo, Mcdowell County, West Virginia

Source: Ownwell

$102

$137

$172

Median Jolo Tax Bill

$116

Median Mcdowell County Tax Bill

$126

Median West Virginia Tax Bill

$607

Median United States Tax Bill

$2,400

Property Tax Bills Across Jolo, Mcdowell County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
24850	$23	$66	$116	$186	$340

Source: Ownwell