With an average tax rate of 0.36%, Monroe County, West Virginia collects approximately $343 a year per resident in property taxes.
Homeowners in West Virginia
all share the common responsibility of paying property taxes. Property taxes are a vital source of revenue for local governments, as they help pay for schools and other services that are essential to all citizens. But with varying tax rates by county prone to fluctuation, it’s not always easy knowing what your tax responsibilities are.
That’s why the home and auto insurance
comparison app Jerry
has created this guide on everything you need to know about paying property taxes in your area. Read on to learn the basics of property taxes, from what they are to when to pay yours in Monroe County. Property tax 101
If you're not sure what property taxes are or have never had to pay them, here are the basics:
Your local government imposes property taxes to fund public works and municipal initiatives (think schools, law enforcement, road repairs)
The majority of property taxes are levied on real property, like land, buildings, and dwellings (in some counties, your vehicle may also be subject to a property tax)
A local tax assessor determines your property taxes, which are based on market valuations and the local tax rate, both of which are subject to change according to shifting market conditions and municipal budgets.
Basically, property taxes are how local governments collect funding from residents for projects that improve the well-being of the community.
MORE: Is car insurance tax deductible?
What is the property tax rate in Monroe County?
The property tax rate in Monroe County is 0.36%, and residents with a home worth of median value can expect to pay approximately $343 a year in property taxes.
This rate is lower than both the national and state average—Monroe County has some of the lowest median property tax rates in the country.
How Monroe County property taxes are determined
Generally speaking, property tax rates are determined by the assessed fair market value of your property and the local tax rate. In West Virginia, property taxes are levied by county boards of education, county commissions, municipalities, and the State.
Your local tax assessor
is responsible for determining the value of your property. If you believe your property has been set at an unfair value, you can file an appeal through the Assessor’s Office
for consideration by the Tax Commissioner. Additionally, West Virginia offers several property tax exemptions
for senior and disabled citizens, agricultural land, and commercial land. For a more detailed breakdown of how property taxes are determined, you can visit the West Virginia State Tax Department’s website
. MORE: How to deduct a car accident from your taxes
What do Monroe County property taxes pay for?
Your property taxes help fund local and community services in your area, including the following:
K-12 and community education
Emergency medical services
City streets and county roads
How to pay property taxes in Monroe County
Property tax statements (also called “tickets”) will be mailed to you on or after July 15th of each year, and are payable in two installments. The first payment is due by September 1st, and the second payment is due by March 1st of the following year.
If your property tax payments are not received by October 1st (for the first installment) and/or April 1st (for the second installment), they become delinquent and you may be charged extra penalties.
Monroe County residents have a couple of options when it comes to paying property tax bills:
Pay online: To pay your property taxes online, you can visit the Monroe County Online Tax Record Search
. You’ll be prompted to enter your tax account number and ticket number before continuing to payment options. Pay in person: To pay your property taxes in person, you can mail your payment to the Monroe County Courthouse PO Box 350, 350 Main Street, Union, West Virginia 24983. Note that cash payments are generally not accepted by mail.
MORE: Home insurance liability coverage
How to save money on homeowners and car insurance in West Virginia
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