Odd, Raleigh County, West Virginia Property Taxes
Median ODD, 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 ODD, WV home value: $37,950
Median annual ODD, WV tax bill: $243, $2,157 lower than the national median property tax bill of $2,400.
How are property taxes in Raleigh calculated?
Property taxes in ODD, 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 ODD’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in ODD, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Odd, Raleigh 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
$273
$254
Property Tax Rates Across Odd, Raleigh County, West Virginia
Local government entities set tax rates, and these can differ significantly within a state. This variability stems from each county's annual estimation of its budgetary needs for services, which is then divided by the total value of all taxable property within the jurisdiction. The result is the property tax rate. Although setting tax rates and budgets involves votes and laws, this is essentially the yearly process.
In ODD, located in Raleigh County, West Virginia, the effective property tax rate is noteworthy when compared to other cities in the state. West Virginia's median property tax rate is lower than the national median of 1.02%, offering potential savings for property owners. This can be particularly appealing when considering the national context, where property tax bills average around $2,400. Understanding these differences can be crucial for property owners looking to manage their tax liabilities effectively. By comparing ODD’s rate to the state and national medians, property owners can gain insight into how local tax rates may affect their financial planning and investment decisions.
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 Odd 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 Raleigh County Tax Rate
0.72%
Median Effective West Virginia Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Odd, Raleigh County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25902 | 0.29% | 0.68% | 0.72% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Odd, Raleigh County, West Virginia
When examining property taxes in ODD, 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 Raleigh County Assessor 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 Raleigh County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 ODD. For example, the median home price in ODD is $37,950, with tax bills ranging significantly across the county. Zip code 25902 has the highest median home price at $37,950.
Property Tax Assessment Values Across Odd, Raleigh County, West Virginia
Source: Ownwell
$6,300
$72,500
$138,700
Median Odd Market Value
$37,950
Median Raleigh County Market Value
$52,200
Median West Virginia Market Value
$80,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Odd, Raleigh County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25902 | $9,410 | $19,500 | $37,950 | $67,525 | $110,840 |
Source: Ownwell
Property Tax Bills Across Odd, Raleigh County, West Virginia
Median Odd Tax Bill
$243
Median Raleigh County Tax Bill
$419
Median West Virginia Tax Bill
$607
Median United States Tax Bill
$2,400
Property Tax Bills Across Odd, Raleigh County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 25902 | $56 | $133 | $243 | $487 | $723 |
Source: Ownwell