Masontown, Preston County, West Virginia Property Taxes

Name: Property Tax Bills Across Masontown, Preston County, West Virginia
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

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: $84,900
Median annual Masontown, WV tax bill: $551, $1,849 lower than the national median property tax bill of $2,400.

How are property taxes in Preston County 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, Preston County, West Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.51%

Estimate Property Tax Bill

$441

$410

Ownwell’s Masontown Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Masontown with just two data points.

By entering your property's estimated assessed value, our calculator applies Masontown’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 Preston County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Masontown, Preston County, West Virginia

Local government entities in West Virginia set property tax rates, which can vary widely within the state. Each year, Preston County estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting these rates, this process is essentially how it works annually. In Masontown, located within Preston County, the effective property tax rate is 0.64%, which is notably lower than the national median property tax rate of 1.02%. This means homeowners in Masontown enjoy a lighter property tax burden compared to many other regions across the country. Comparing Masontown's rate to other cities within West Virginia, it remains competitive, reflecting the state's generally lower property tax rates. This favorable tax environment can be an attractive factor for potential homeowners and investors looking to settle in or invest in Masontown.

Property Tax Rates Across Masontown, Preston County, West Virginia

Source: Ownwell

0.51%

0.52%

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

0.51%

Median Effective Preston County Tax Rate

0.51%

Median Effective West Virginia Tax Rate

0.71%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Masontown, Preston County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
26542	0.33%	0.42%	0.51%	0.66%	1.01%

Source: Ownwell

Property Tax Assessment Values Across Masontown, Preston County, West Virginia

When examining property taxes in Masontown, West Virginia, 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 Preston 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. Assessment notices: In Preston 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 $84,900, with tax bills ranging significantly across the county. 26542 has the highest median home price at $84,900.

Property Tax Assessment Values Across Masontown, Preston County, West Virginia

Source: Ownwell

$22,600

$73,750

$124,900

Median Masontown Market Value

$86,550

Median Preston County Market Value

$71,700

Median West Virginia Market Value

$85,200

Median United States Market Value

$235,294

Property Tax Assessment Values Across Masontown, Preston County, West Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
26542	$16,320	$42,850	$86,550	$131,250	$185,990

Source: Ownwell

Property Tax Bills Across Masontown, Preston County, West Virginia

In Masontown, located in Preston County, WV, property tax bills are determined by assessing the value of a home and applying the local tax rate. With a median home price of $84,900, homeowners face property tax bills that can range significantly. The 25th percentile tax bill is $305, while the 75th percentile reaches $839, and the 90th percentile goes up to $1,234. The median tax bill in the area is $551, which is considerably lower than the national median property tax bill of $2,400. These figures highlight the relative affordability of property taxes in Masontown compared to the national landscape. However, even within this range, homeowners may find themselves overpaying due to inaccuracies in their assessed property values or changes in market conditions. This is where Ownwell can assist by providing expert property tax appeal and exemption services. By evaluating a home's assessed value and identifying potential discrepancies, Ownwell helps homeowners reduce their tax liabilities, ensuring they pay only their fair share.

Property Tax Bills Across Masontown, Preston County, West Virginia

Source: Ownwell

$141

$367

$593

Median Masontown Tax Bill

$452

Median Preston County Tax Bill

$392

Median West Virginia Tax Bill

$629

Median United States Tax Bill

$2,400

Property Tax Bills Across Masontown, Preston County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
26542	$110	$255	$452	$697	$1,023

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	May 4

Links
Preston Tax Assessor
Website	preston.wvassessor.com