Q: When are property taxes due in Wood County for the current tax year?
A: Property taxes are due in two installments: the first installment is due September 1st of the property tax year, and the second installment is due March 1st of the following calendar year. Tax bills are issued by the county sheriff on or after July 15th.
Q: What tax credits are available in Wood County and how do I apply?
A: The primary tax credit is the Homestead Exemption Program for property owners age 65 or older, or those who are permanently disabled. This credit limits annual assessment increases rather than reducing your property's value. You must apply through the Wood County Assessor's office, and applications typically require documentation of age or disability status.
Q: How does the Homestead Credit work?
A: The Homestead Credit caps the annual increase in your property's assessed value, rather than reducing the market value itself. This means your assessment can only increase by a limited percentage each year (typically 10% or less). You must apply for this credit - it is not automatic - and you must meet age or disability requirements.
Q: How often are properties reassessed in Wood County?
A: West Virginia requires county-wide reappraisals periodically, but the schedule varies. Contact the Wood County Assessor's office for the current reassessment schedule and information about appealing your assessment if you believe it's incorrect.
Q: What happens if I pay my property taxes late?
A: Late payments incur penalties and interest charges. After September 1st for the first installment and March 1st for the second installment, additional fees apply. Severely delinquent taxes can eventually result in tax lien sales or property forfeiture.
Q: Can I pay my Wood County property taxes online?
A: Contact the Wood County Sheriff's office or check the county's official website for current online payment options and accepted payment methods for property tax bills.
Q: Why is my tax rate different from my neighbor's in the same county?
A: Tax rates vary within Wood County based on special taxing districts, municipal boundaries, school districts, and fire districts. Properties in incorporated areas pay additional municipal taxes, while rural properties may be in different fire or service districts.
Q: How do I know which special districts apply to my property?
A: Your property tax bill will show all applicable levies and districts. You can also contact the Wood County Assessor's office with your property address to determine which taxing districts apply to your specific location.
Q: What's the difference between tax credits and exemptions in Wood County?
A: Tax credits reduce your actual tax bill dollar-for-dollar, while exemptions reduce the assessed value subject to taxation. Most programs in West Virginia are technically credits or assessment limitations rather than true exemptions, and virtually all require formal application through the appropriate county office.
