Williamson, Mingo County, West Virginia Property Taxes
Median WILLIAMSON, 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 WILLIAMSON, WV home value: $36,600
Median annual WILLIAMSON, WV tax bill: $327, $2,073 lower than the national median property tax bill of $2,400.
How are property taxes in Mingo calculated?
Property taxes in WILLIAMSON, 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 WILLIAMSON’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in WILLIAMSON, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Williamson, Mingo County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.72%
Estimate Property Tax Bill
$264
$245
Ownwell’s Williamson Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Williamson with just two data points.
By entering your property's estimated assessed value, our calculator applies Williamson’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 Mingo County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Williamson, Mingo County, West Virginia
Local government entities determine tax rates, leading to significant variance within a state. Each year, counties estimate the necessary budget to maintain services and divide this by the total assessed value of all taxable properties in the area, resulting in the property tax rate. Although votes and legislation play roles in setting these rates, this annual process is the core mechanism.
In Williamson, located in Mingo County, the effective property tax rate stands at 0.72%, which is notably lower than the national median property tax rate of 1.02%. This means that property owners in Williamson benefit from a relatively modest tax burden compared to the national average. This lower tax rate can make Williamson an attractive option for property buyers looking to minimize their tax expenses.
By comparing Williamson's effective property tax rate to other cities in West Virginia and the national median, prospective property owners can better understand the potential financial implications of owning property in this area.
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 Williamson Tax Rate
0.72%
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 Williamson, Mingo County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25661 | 0.23% | 0.55% | 0.72% | 1.37% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Williamson, Mingo County, West Virginia
When examining property taxes in Williamson, 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 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 Mingo 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 Williamson. For example, the median home price in Williamson is $36,600, with tax bills ranging significantly across the county. Zip code 25661 has the highest median home price at $36,600.
Property Tax Assessment Values Across Williamson, Mingo County, West Virginia
Source: Ownwell
$28,100
$32,350
$36,600
Median Williamson Market Value
$36,600
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 Williamson, Mingo County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25661 | $9,200 | $20,200 | $36,600 | $61,000 | $96,800 |
Source: Ownwell
Property Tax Bills Across Williamson, Mingo County, West Virginia
Median Williamson Tax Bill
$327
Median Mingo County Tax Bill
$250
Median West Virginia Tax Bill
$607
Median United States Tax Bill
$2,400
Property Tax Bills Across Williamson, Mingo County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25661 | $68 | $162 | $327 | $577 | $923 |
Source: Ownwell