Ridgeley, Mineral County, West Virginia Property Taxes

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

Median Ridgeley, WV effective property tax rate: 0.72%, significantly lower than the national median of 1.02%, but equal to the West Virginia state median of 0.72%.
Median Ridgeley, WV home value: $92,650
Median annual Ridgeley, WV tax bill: $670, $1,730 lower than the national median property tax bill of $2,400.

How are property taxes in Mineral County calculated?

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

Last Updated March 1, 2025

Ridgeley, Mineral County, West Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.72%

Estimate Property Tax Bill

$667

$619

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

Property Tax Rates Across Ridgeley, Mineral County, West Virginia

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

In Ridgeley, Mineral County, WV, the effective property tax rate is a reflection of this process. Ridgeley’s property tax rate matches both the highest and lowest rates in the region, indicating a uniformity not commonly seen across many states. This rate is notably lower than the national median property tax rate of 1.02%. For homeowners in Ridgeley, this means a potentially lower property tax bill compared to the national median of $2,400. Understanding these local nuances in property tax rates can provide significant savings and financial planning advantages for Ridgeley residents.

Property Tax Rates Across Ridgeley, Mineral County, West Virginia

Source: Ownwell

0.72%

0.83%

0.94%

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 Ridgeley Tax Rate

0.72%

Median Effective Mineral County Tax Rate

0.72%

Median Effective West Virginia Tax Rate

0.72%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ridgeley, Mineral County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
26753	0.45%	0.57%	0.72%	0.87%	1.43%

Source: Ownwell

Property Tax Assessment Values Across Ridgeley, Mineral County, West Virginia

When examining property taxes in Ridgeley, 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 Mineral County Assessor 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 Mineral County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Ridgeley. For example, the median home price in Ridgeley is $92,650, with tax bills ranging significantly across the county. 26753 has the highest median home price at $92,650.

Property Tax Assessment Values Across Ridgeley, Mineral County, West Virginia

Source: Ownwell

$28,200

$78,150

$128,100

Median Ridgeley Market Value

$92,650

Median Mineral County Market Value

$84,700

Median West Virginia Market Value

$80,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ridgeley, Mineral County, West Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
26753	$24,550	$56,000	$92,650	$142,375	$237,300

Source: Ownwell

Property Tax Bills Across Ridgeley, Mineral County, West Virginia

In Ridgeley, located in Mineral County, WV, property tax bills are calculated based on assessed property values and the local tax rate. The median home price in Ridgeley is $92,650, and local tax rates are applied to this assessed value to determine the tax bill. The median property tax bill is $670, significantly lower than the national median of $2,400. Tax bills can range widely, with the 25th percentile at $400 and the 90th percentile reaching $1,809. These variations depend on factors such as property size, location, and improvements. For homeowners, these taxes impact annual budgets and long-term financial planning. Ownwell provides valuable assistance by appealing property tax assessments, potentially lowering tax obligations. By leveraging local market insights and expert knowledge, Ownwell ensures homeowners pay only their fair share, offering peace of mind and potential savings. This service is particularly beneficial in Ridgeley, where property tax rates can vary significantly within the area.

Property Tax Bills Across Ridgeley, Mineral County, West Virginia

Source: Ownwell

$296

$562

$828

Median Ridgeley Tax Bill

$670

Median Mineral County Tax Bill

$634

Median West Virginia Tax Bill

$607

Median United States Tax Bill

$2,400

Property Tax Bills Across Ridgeley, Mineral County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
26753	$183	$400	$670	$1,052	$1,809

Source: Ownwell