Matewan, Mingo County, West Virginia Property Taxes
Median Matewan, WV effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the West Virginia state median of 0.72%.
Median Matewan, WV home value: $28,100
Median annual Matewan, WV tax bill: $224, $2,176 lower than the national median property tax bill of $2,400.
How are property taxes in Mingo County calculated?
Property taxes in Matewan, 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 Matewan’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Matewan, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Matewan, Mingo County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.68%
Estimate Property Tax Bill
$191
$177
Property Tax Rates Across Matewan, Mingo 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.
Matewan, located in Mingo County, WV, has an effective property tax rate of 0.68%. Compared to the national median property tax rate of 1.02%, Matewan offers a more affordable option for property owners. This rate is consistent across the county, as both the highest and lowest median tax rates in this area are the same. When considering property taxes, it's essential to look at how these rates compare within the state and nationally. West Virginia's overall median property tax rate is generally lower than the national average, making it an attractive option for homeowners seeking to reduce their property tax burden. By understanding how these rates are determined and how they compare, property owners can make informed decisions about their 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 Matewan Tax Rate
0.68%
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 Mingo County Tax Rate
0.68%
Median Effective West Virginia Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Matewan, Mingo County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25678 | 0.19% | 0.58% | 0.68% | 1.37% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Matewan, Mingo County, West Virginia
When examining property taxes in Matewan, 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 Mingo County assessment 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 Mingo 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 Matewan.
For example, the median home price in Matewan is $28,100, with tax bills ranging significantly across the county. The zip code 25678 has the highest median home price at $28,100.
Property Tax Assessment Values Across Matewan, Mingo County, West Virginia
Source: Ownwell
$28,100
$32,350
$36,600
Median Matewan Market Value
$28,100
Median Mingo County Market Value
$30,000
Median West Virginia Market Value
$80,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Matewan, Mingo County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25678 | $6,800 | $14,525 | $28,100 | $44,975 | $68,550 |
Source: Ownwell
Property Tax Bills Across Matewan, Mingo County, West Virginia
In Matewan, located in Mingo County, WV, property tax bills are determined by the assessed value of a home, which is a percentage of the market value. The tax rate is then applied to this assessed value. With a median home price of $28,100, homeowners in Matewan often find their property tax bills lower than the national median. The tax bill at the 25th percentile is $127, while the 75th percentile tax bill is $409. These figures show that Matewan residents generally enjoy lower property tax bills compared to the national median property tax bill of $2,400.
Factors such as property improvements or changes in local tax rates can affect the assessed value, impacting the tax bill. Homeowners can potentially save on their property tax bills by appealing their assessments and ensuring they are not overvalued. Ownwell assists homeowners by providing expert property tax appeal services, helping to ensure assessments are fair and accurate. By working with Ownwell, homeowners can potentially reduce their tax burden, ensuring they pay only their fair share.
Median Matewan Tax Bill
$224
Median Mingo County Tax Bill
$250
Median West Virginia Tax Bill
$607
Median United States Tax Bill
$2,400
Property Tax Bills Across Matewan, Mingo County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25678 | $54 | $127 | $224 | $409 | $663 |
Source: Ownwell
