26505 Property Tax Rate

Property owners in ZIP code 26505 (Morgantown, West Virginia) pay a median of $1,305/year in property taxes on homes valued at $265,100. This translates to an effective tax rate of 0.49%, which is 8% below the West Virginia state average of 0.54%.

The monthly property tax burden for a median-valued home in 26505 is approximately $109, which factors into escrow payments on mortgages. This ZIP code is located within Monongalia County. This is $644 more than the West Virginia average of $661/year.

Compared to similar ZIP codes in West Virginia, 26505 has lower property taxes. ZIP codes with similar effective rates include 26374 (0.49%) and 25801 (0.49%).

In Morgantown, property taxes represent approximately 3.1% of the median household income of $42,275, providing context for the relative tax burden on homeowners in this area.

West Virginia reassesses all property at fair market value upon ownership change, establishing the new owner's tax base on current market appraisal. Monongalia County provides homestead exemptions and senior/disabled exemptions that reduce your annual property taxes — file your claim with the Monongalia County Assessor's office to begin receiving relief. After purchase, contact the Monongalia County Assessor to submit your exemption application and verify your assessment matches fair market value.