24918 Property Tax Rate

Property owners in ZIP code 24918 (Ballard, West Virginia) pay a median of $704/year in property taxes on homes valued at $180,300. This translates to an effective tax rate of 0.39%, which is 27% below the West Virginia state average of 0.54%.

The monthly property tax burden for a median-valued home in 24918 is approximately $59, which factors into escrow payments on mortgages. This ZIP code is located within Monroe County.

Compared to similar ZIP codes in West Virginia, 24918 has higher property taxes. ZIP codes with similar effective rates include 26710 (0.39%) and 24845 (0.39%).

In Ballard, property taxes represent approximately 1.0% of the median household income of $72,589, providing context for the relative tax burden on homeowners in this area.

West Virginia reassesses property at market value at sale, with no state homestead exemption or purchase-price protection — Monroe County will reappraise your home upon transfer. Seniors 65+ and disabled residents may qualify for local exemptions if they meet income and residency requirements; contact the Monroe County Assessor to obtain program details and application instructions. Submit your exemption claim to the Monroe County Assessor within the required window after purchase to secure tax relief for eligible family members.