Wyoming, Wyoming County, West Virginia Property Taxes
Median Wyoming, WV effective property tax rate: 0.68%, significantly lower than the national median of 1.02%, but lower than the West Virginia state median of 0.72%.
Median Wyoming, WV home value: $20,950
Median annual Wyoming, WV tax bill: $148, $2,252 lower than the national median property tax bill of $2,400.
How are property taxes in Wyoming calculated?
Property taxes in Wyoming, 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 Wyoming’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Wyoming, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Wyoming, Wyoming County, West Virginia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.68%
Estimate Property Tax Bill
$142
$132
Property Tax Rates Across Wyoming, Wyoming County, West Virginia
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate the budget required to provide essential services and divide it by the total value of all taxable property in their jurisdiction. This process determines the property tax rate. Although votes and laws play a role in setting these rates and budgets, this is the essence of the annual procedure.
In Wyoming, within Wyoming County, the effective property tax rate stands out when compared to other cities in West Virginia, as well as to both state and national median property tax rates. With a median property tax rate of 0.68%, Wyoming is well below the national median rate of 1.02%. This difference can lead to significant savings for property owners in Wyoming. Understanding these rates is crucial for homeowners looking to manage their expenses effectively. Property tax rates not only influence the cost of homeownership but also reflect the level of services provided by local governments. By staying informed about these rates, property owners can make better financial decisions and potentially appeal for exemptions if eligible.
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 Wyoming Tax Rate
0.68%
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 Wyoming County Tax Rate
0.68%
Median Effective West Virginia Tax Rate
0.72%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Wyoming, Wyoming County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24898 | 0.27% | 0.68% | 0.68% | 0.68% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Wyoming, Wyoming County, West Virginia
When examining property taxes in Wyoming, 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 Wyoming 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 Wyoming 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 Wyoming. For example, the median home price in Wyoming is $20,950, with tax bills ranging significantly across the county. 24898 has the highest median home price at $20,950.
Property Tax Assessment Values Across Wyoming, Wyoming County, West Virginia
Source: Ownwell
$17,200
$31,950
$46,700
Median Wyoming Market Value
$20,950
Median Wyoming County Market Value
$25,000
Median West Virginia Market Value
$80,900
Median United States Market Value
$235,294
Property Tax Assessment Values Across Wyoming, Wyoming County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24898 | $4,290 | $11,200 | $20,950 | $43,775 | $57,920 |
Source: Ownwell
Property Tax Bills Across Wyoming, Wyoming County, West Virginia
Median Wyoming Tax Bill
$148
Median Wyoming County Tax Bill
$190
Median West Virginia Tax Bill
$607
Median United States Tax Bill
$2,400
Property Tax Bills Across Wyoming, Wyoming County, West Virginia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 24898 | $37 | $79 | $148 | $245 | $383 |
Source: Ownwell