Peebles, Ohio Property Taxes
The median property tax rate in Peebles, OH is 1.50%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. Considering the median home value in Peebles is $64,300, the typical annual property tax bill amounts to $907, which is significantly below the national median of $2,690. Property taxes in Peebles are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Peebles' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Peebles or another part of the city, grasping the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Peebles, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.5%
Estimate Property Tax Bill
$965
Ownwell’s Peebles Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Peebles with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Peebles to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Peebles, Ohio
Property taxes in Peebles, Ohio, play a crucial role in funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Peebles is 1.50%, significantly higher than the Ohio state median and the U.S. national median of 0.99%. Local government entities within Peebles set these rates annually, and they can vary significantly across different neighborhoods. Each year, Peebles estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Peebles' effective property tax rate to other counties in Ohio and the national median. For comparison, the 45660 zip code has the highest median property tax rate of 1.50%, while it also has the lowest median tax rate of 1.50%. Understanding how these cities compare with Peebles provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Peebles Tax Rate
1.50%
Average Adams County Tax Rate
1.44%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Peebles, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45660 | 0.73% | 1.19% | 1.50% | 1.75% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Peebles, Ohio
In Peebles, Ohio, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Adams County Auditor for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. Assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Peebles helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Peebles, the highest and lowest median tax bills are both in the 45660 zip code, amounting to $907.
Average Peebles Assessed Value
$64,300
Average Adams County Assessed Value
$61,700
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Peebles, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45660 | $13,200 | $27,700 | $64,300 | $125,550 | $207,800 |
Source: Ownwell
Property Tax Bills Across Peebles, Ohio
In Peebles, located in Adams County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the home's location, size, and any improvements or renovations can influence its assessed value. For homeowners in Peebles, the median home price is $64,300. Property tax bills in this area can vary significantly, with the 25th percentile paying around $412 annually, while those in the 75th percentile pay approximately $1,630. High-end properties can see tax bills reach up to $2,361. The median property tax rate in Peebles is below the national median of 0.99%, making it relatively affordable for homeowners. Understanding these factors can help residents better anticipate their property tax obligations and manage their finances accordingly.
Average Peebles Tax Bill
$907
Average Adams County Tax Bill
$833
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Peebles, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45660 | $187 | $412 | $907 | $1,630 | $2,361 |
Source: Ownwell