Summersville, Nicholas County, West Virginia Property Taxes
Median Summersville, WV effective property tax rate: 0.59%, significantly lower than the national median of 1.02%, but lower than the WV state median of 0.72%.
Median Summersville, WV home value: $72,500
Median annual Summersville, WV tax bill: $448, $1,952 lower than the national median property tax bill of $2,400.
How are property taxes in Nicholas calculated?
Property taxes in Summersville, 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 Summersville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Summersville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Summersville, 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
$442
$410
Property Tax Rates Across Summersville, Nicholas 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.
Summersville in Nicholas County, WV, showcases how these rates can differ even within a single state. The effective property tax rate in Summersville stands at 0.59%, which is notably lower than the national median of 1.02%. This lower rate can be quite appealing to property owners, offering a financial advantage compared to other regions in the U.S. where rates are higher.
By understanding these local variations, property owners can better anticipate their tax liabilities and explore opportunities for appealing assessments or seeking exemptions. This can be particularly beneficial in areas like Summersville, where careful management of property taxes can lead to significant savings.
Property Tax Rates Across Summersville, Nicholas County, West Virginia
Source: Ownwell
0.59%
0.70%
0.81%
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 Summersville 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
0.71%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Summersville, Nicholas County, West Virginia
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
26651 | 0.33% | 0.49% | 0.59% | 0.74% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Summersville, Nicholas County, West Virginia
When examining property taxes in Summersville, 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 appraisal district 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 Summersville.
For example, the median home price in Summersville is $72,500, with tax bills ranging significantly across the county. Zip code 26651 has the highest median home price at $72,500.
Property Tax Assessment Values Across Summersville, Nicholas County, West Virginia
Source: Ownwell
$22,800
$61,625
$100,450
Median Summersville Market Value
$74,900
Median Nicholas County Market Value
$58,000
Median West Virginia Market Value
$85,200
Median United States Market Value
$235,294
Property Tax Assessment Values Across Summersville, Nicholas County, West Virginia
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
26651 | $6,200 | $35,375 | $74,900 | $118,625 | $174,700 |
Source: Ownwell
Property Tax Bills Across Summersville, Nicholas County, West Virginia
Median Summersville Tax Bill
$462
Median Nicholas County Tax Bill
$343
Median West Virginia Tax Bill
$629
Median United States Tax Bill
$2,400
Property Tax Bills Across Summersville, Nicholas County, West Virginia
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
26651 | $94 | $221 | $462 | $775 | $1,183 |
Source: Ownwell