Masontown, Monongalia County, West Virginia Property Taxes
Median Masontown, WV effective property tax rate: 0.64%, significantly lower than the national median of 1.02%, but lower than the West Virginia state median of 0.72%.
Median Masontown, WV home value: $156,950
Median annual Masontown, WV tax bill: $1,037, $1,363 lower than the national median property tax bill of $2,400.
How are property taxes in Monongalia calculated?
Property taxes in Masontown, 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 Masontown’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Masontown, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Masontown, Monongalia County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.64%
Estimate Property Tax Bill
$1,004
$932
Property Tax Rates Across Masontown, Monongalia County, West Virginia
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate the budget needed to provide essential services and divide this by the total value of taxable property in their area. This calculation determines the property tax rate. While votes and legislation play roles in setting these rates and budgets, this is essentially the annual process.
In Masontown, located in Monongalia County, West Virginia, the effective property tax rate reflects a balance between funding local services and the assessed property values. The median property tax rate in West Virginia is 0.64%, which is below the national median of 1.02%. This lower rate can be appealing to property owners looking for more affordable tax obligations compared to other states.
When comparing Masontown’s effective property tax rate to other cities within West Virginia and the national average, it becomes evident that West Virginia offers a competitive tax landscape. This can be particularly beneficial for homeowners seeking to minimize their annual property tax bills while still enjoying the services funded by these taxes.
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 Masontown Tax Rate
0.64%
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 Monongalia County Tax Rate
0.64%
Median Effective West Virginia Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Masontown, Monongalia County, West Virginia
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
26542 | 0.49% | 0.61% | 0.64% | 0.64% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Masontown, Monongalia County, West Virginia
When examining property taxes in Masontown, 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 Monongalia 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 Monongalia 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 Masontown.
For example, the median home price in Masontown is $156,950, with tax bills ranging significantly across the county. Zip code 26542 has the highest median home price at $156,950.
Property Tax Assessment Values Across Masontown, Monongalia County, West Virginia
Source: Ownwell
$53,700
$118,650
$183,600
Median Masontown Market Value
$156,950
Median Monongalia County Market Value
$146,600
Median West Virginia Market Value
$80,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Masontown, Monongalia County, West Virginia
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
26542 | $17,240 | $90,550 | $156,950 | $250,625 | $479,140 |
Source: Ownwell
Property Tax Bills Across Masontown, Monongalia County, West Virginia
In Masontown, located in Monongalia County, WV, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the tax rate set by local authorities to determine the annual property tax bill. For homeowners in Masontown, the median property tax bill is $1,037, which is significantly lower than the national median property tax bill of $2,400. Factors such as changes in home values and local tax rates can impact the amount homeowners are required to pay, potentially placing a financial burden on them.
Ownwell offers property tax appeal and exemption services that can help homeowners in Masontown potentially reduce their tax bills. By analyzing property assessments and identifying discrepancies, Ownwell can assist in filing appeals, ensuring homeowners are not overpaying on their property taxes. This service not only helps in lowering the financial burden on homeowners but also provides peace of mind knowing they are paying a fair amount.
Median Masontown Tax Bill
$1,037
Median Monongalia County Tax Bill
$1,138
Median West Virginia Tax Bill
$607
Median United States Tax Bill
$2,400
Property Tax Bills Across Masontown, Monongalia County, West Virginia
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
26542 | $184 | $512 | $1,037 | $1,631 | $2,977 |
Source: Ownwell