Mount Nebo, Nicholas County, West Virginia Property Taxes
Median Mount Nebo, WV effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, but lower than the West Virginia state median of 0.72%.
Median Mount Nebo, WV home value: $59,400
Median annual Mount Nebo, WV tax bill: $334, $2,066 lower than the national median property tax bill of $2,400.
How are property taxes in Nicholas County calculated?
Property taxes in Mount Nebo, 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 Mount Nebo’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mount Nebo, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mount Nebo, Nicholas County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.59%
Estimate Property Tax Bill
$350
$325
Ownwell’s Mount Nebo Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mount Nebo with just two data points.
By entering your property's estimated assessed value, our calculator applies Mount Nebo’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 Nicholas County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Mount Nebo, Nicholas County, West Virginia
Local government entities determine tax rates, which can differ significantly within a state. This variation occurs because each county annually estimates its necessary budget for services and divides it by the total value of all taxable property in its area. This calculation determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the fundamental annual process.
In Mount Nebo, located in Nicholas County, West Virginia, the effective property tax rate stands at 0.59%. This rate is considerably lower than the national median property tax rate of 1.02%. When compared to the national median tax bill of $2400, property owners in Mount Nebo benefit from lower tax bills.
While the process of determining tax rates involves complex considerations, the outcome in Mount Nebo reflects a favorable tax environment compared to many other regions. This offers property owners in the area a significant advantage, as they enjoy the benefits of lower tax rates while still receiving essential services provided by the local government.
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 Mount Nebo Tax Rate
0.59%
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 Nicholas County Tax Rate
0.59%
Median Effective West Virginia Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mount Nebo, Nicholas County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26679 | 0.28% | 0.48% | 0.59% | 0.59% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Mount Nebo, Nicholas County, West Virginia
When examining property taxes in Mount Nebo, 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 Nicholas 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 Nicholas 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 Mount Nebo. For example, the median home price in Mount Nebo is $59,400, with tax bills ranging significantly across the county. ZIP code 26679 has the highest median home price at $59,400.
Property Tax Assessment Values Across Mount Nebo, Nicholas County, West Virginia
Source: Ownwell
$21,600
$58,400
$95,200
Median Mount Nebo Market Value
$59,400
Median Nicholas County Market Value
$56,300
Median West Virginia Market Value
$80,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mount Nebo, Nicholas County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26679 | $12,400 | $30,200 | $59,400 | $95,200 | $142,720 |
Source: Ownwell
Property Tax Bills Across Mount Nebo, Nicholas County, West Virginia
In Mount Nebo, Nicholas County, WV, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $59,400, significantly lower than the national average. With property tax rates often below the national median of 1.02%, homeowners in Mount Nebo can expect relatively modest tax bills. For instance, the 25th percentile tax bill is $163, while the 75th percentile is $560, and the 90th percentile reaches $854. These figures illustrate the range of property tax burdens in the area.
Factors influencing tax bills include property value assessments and applicable exemptions. For homeowners in Mount Nebo, understanding these factors is crucial for managing expenses. Ownwell can assist by offering property tax appeal and exemption services, potentially reducing the tax burden. By analyzing assessments and identifying discrepancies, Ownwell helps ensure homeowners are not overpaying, providing peace of mind and financial relief.
Median Mount Nebo Tax Bill
$334
Median Nicholas County Tax Bill
$332
Median West Virginia Tax Bill
$607
Median United States Tax Bill
$2,400
Property Tax Bills Across Mount Nebo, Nicholas County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 26679 | $79 | $163 | $334 | $560 | $854 |
Source: Ownwell