Parsons, Tucker County, West Virginia Property Taxes

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

Median Parsons, WV effective property tax rate: 0.40%, significantly lower than the national median of 1.02%, but lower than the West Virginia state median of 0.72%.
Median Parsons, WV home value: $67,700
Median annual Parsons, WV tax bill: $313, $2,087 lower than the national median property tax bill of $2,400.

How are property taxes in Tucker calculated?

Property taxes in Parsons, 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 Parsons’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Parsons, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Parsons, Tucker County, West Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.4%

Estimate Property Tax Bill

$271

$251

Ownwell’s Parsons Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Parsons with just two data points. By entering your property's estimated assessed value, our calculator applies Parsons’ 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 Tucker County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Parsons, Tucker County, West Virginia

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county annually estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.

In Parsons, located in Tucker County, West Virginia, the effective property tax rate offers an interesting perspective when compared to other cities in the state and the national median. With West Virginia's median property tax rate standing at 0.40%, it's notably lower than the national median of 1.02%. This difference highlights the relatively lower property tax burdens experienced by homeowners in West Virginia, providing a financial advantage when compared to the national average. This can be particularly appealing for those considering relocation or investment in property within the state. By understanding these differences, property owners can make informed decisions about their investments and potential savings.

Property Tax Rates Across Parsons, Tucker County, West Virginia

Source: Ownwell

0.40%

0.47%

0.54%

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 Parsons Tax Rate

0.40%

Median Effective Tucker County Tax Rate

0.40%

Median Effective West Virginia Tax Rate

0.72%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Parsons, Tucker County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
26287	0.27%	0.40%	0.40%	0.54%	0.79%

Source: Ownwell

Property Tax Assessment Values Across Parsons, Tucker County, West Virginia

When examining property taxes in Parsons, 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 Tucker 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 Tucker 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 Parsons. For example, the median home price in Parsons is $67,700, with tax bills ranging significantly across the county. 26287 has the highest median home price at $67,700.

Property Tax Assessment Values Across Parsons, Tucker County, West Virginia

Source: Ownwell

$67,700

$138,950

$210,200

Median Parsons Market Value

$67,700

Median Tucker County Market Value

$90,400

Median West Virginia Market Value

$80,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Parsons, Tucker County, West Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
26287	$10,090	$33,600	$67,700	$100,575	$143,110

Source: Ownwell

Property Tax Bills Across Parsons, Tucker County, West Virginia

In Parsons, located in Tucker County, WV, property tax bills are calculated by applying the local tax rate to the assessed value of the property. The assessed value is determined by the county assessor and is a percentage of the market value. Various factors, such as property size, location, and improvements, influence this assessed value. The median home price in Parsons is $67,700, which results in a median property tax bill of $313, significantly lower than the national median of $2,400. While the tax bill at the 25th percentile is $155, it climbs to $684 at the 90th percentile, reflecting variations in property values and assessments.

Homeowners in Parsons can benefit from appealing their property tax assessments to ensure they are not overpaying. Ownwell provides expert property tax appeal services, helping homeowners navigate the complexities of the process. By analyzing assessment data and identifying discrepancies, Ownwell can potentially reduce tax bills, ensuring homeowners pay only their fair share. This service offers peace of mind and savings in a region where every dollar counts.

Property Tax Bills Across Parsons, Tucker County, West Virginia

Source: Ownwell

$299

$728

$1,156

Median Parsons Tax Bill

$313

Median Tucker County Tax Bill

$451

Median West Virginia Tax Bill

$607

Median United States Tax Bill

$2,400

Property Tax Bills Across Parsons, Tucker County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
26287	$65	$155	$313	$470	$684

Source: Ownwell