26586 Property Tax Rate

Property owners in ZIP code 26586 (Montana Mines, West Virginia) pay a median of $1,306/year in property taxes on homes valued at $280,600. This translates to an effective tax rate of 0.47%, which is 13% below the West Virginia state average of 0.54%.

The monthly property tax burden for a median-valued home in 26586 is approximately $109, which factors into escrow payments on mortgages. This ZIP code is located within Marion County. This is $645 more than the West Virginia average of $661/year.

Compared to similar ZIP codes in West Virginia, 26586 has lower property taxes. ZIP codes with similar effective rates include 26619 (0.47%) and 26667 (0.47%).

In Montana Mines, property taxes represent approximately 2.3% of the median household income of $56,528, providing context for the relative tax burden on homeowners in this area.

West Virginia conducts reassessment at fair market value at the time of sale, with the new owner's initial tax liability based on the appraised purchase price. Marion County offers homestead exemptions and exemptions for seniors 65+ and disabled residents — apply with the Marion County Assessor's office to reduce your assessed value and annual tax burden. File your exemption application within the first year of ownership and request a property assessment review from the Marion County Assessor to confirm accuracy.