Washington, Wood County, West Virginia Property Taxes

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

Median WASHINGTON, WV effective property tax rate: 0.66%, significantly lower than the national median of 1.02%, but lower than the WV state median of 0.72%.
Median WASHINGTON, WV home value: $143,950
Median annual WASHINGTON, WV tax bill: $917, $1,483 lower than the national median property tax bill of $2,400.

How are property taxes in Wood calculated?

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

Last Updated March 1, 2025

Washington, Wood County, West Virginia Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.66%

Estimate Property Tax Bill

$950

$882

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

Property Tax Rates Across Washington, Wood County, West Virginia

Local government entities set tax rates, leading to significant variations within a state. Each county estimates its budget needs annually to provide essential services. This budget is then divided by the total assessed value of all taxable property within the jurisdiction, resulting in the property tax rate. Although votes and laws play a role in establishing tax rates and budgets, this is essentially the annual process.

In Washington, located in Wood County, the effective property tax rate is a point of interest for many homeowners. Compared to other cities in West Virginia, Washington stands out with its tax rate aligning with both the highest and lowest median rates in the state. This unique positioning offers residents a distinctive perspective on property tax obligations. When compared to the national median property tax rate of 1.02%, Washington's rate offers a favorable contrast, potentially reducing the financial burden on homeowners. Understanding these nuances can empower property owners to make informed decisions about their investments and financial planning.

Property Tax Rates Across Washington, Wood County, West Virginia

Source: Ownwell

0.66%

0.77%

0.89%

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 Washington Tax Rate

0.66%

Median Effective Wood County Tax Rate

0.66%

Median Effective West Virginia Tax Rate

0.72%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Washington, Wood County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
26181	0.49%	0.55%	0.66%	0.66%	0.66%

Source: Ownwell

Property Tax Assessment Values Across Washington, Wood County, West Virginia

When examining property taxes in Washington, 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 Wood 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. Assessment notices: In Wood 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 Washington. For example, the median home price in Washington is $143,950, with tax bills ranging significantly across the county. 26181 has the highest median home price at $143,950.

Property Tax Assessment Values Across Washington, Wood County, West Virginia

Source: Ownwell

$77,400

$110,675

$143,950

Median Washington Market Value

$143,950

Median Wood County Market Value

$103,100

Median West Virginia Market Value

$80,900

Median United States Market Value

$235,294

Property Tax Assessment Values Across Washington, Wood County, West Virginia

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
26181	$25,680	$95,400	$143,950	$191,950	$263,030

Source: Ownwell

Property Tax Bills Across Washington, Wood County, West Virginia

In Washington, located in Wood County, WV, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as local government budgets, school funding needs, and property value fluctuations play a crucial role in determining tax rates. Homeowners in Washington face a median property tax bill of $917, which is significantly lower than the national median of $2,400. However, tax bills can vary widely, with amounts ranging from $606 at the 25th percentile to $1,744 at the 90th percentile. Ownwell can assist homeowners by providing expert property tax appeal services, ensuring that assessments are fair and accurate. By analyzing market trends and comparable property values, Ownwell identifies potential savings opportunities. With Ownwell’s guidance, homeowners can potentially reduce their property tax bills, easing the financial burden and ensuring they pay only their fair share.

Property Tax Bills Across Washington, Wood County, West Virginia

Source: Ownwell

$529

$796

$1,062

Median Washington Tax Bill

$917

Median Wood County Tax Bill

$822

Median West Virginia Tax Bill

$607

Median United States Tax Bill

$2,400

Property Tax Bills Across Washington, Wood County, West Virginia

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
26181	$255	$606	$917	$1,256	$1,744

Source: Ownwell