Homerville, Ohio Property Taxes
The median property tax rate in Homerville, OH is 1.37%, which is higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Homerville at $153,025, the typical annual property tax bill reaches $2,095, falling below the national median of $2,690. Property taxes in Homerville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Homerville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Homerville or another part of Ashland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Homerville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$2,096
Ownwell’s Homerville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Homerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Homerville 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 Homerville, Ohio
Property taxes in Homerville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Homerville is 1.37%, which is higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Homerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Homerville 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 Homerville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44235 zip code has the highest median property tax rate of 1.37%, while the same 44235 zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Homerville provides valuable insights into the varying tax landscape across Ashland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Homerville Tax Rate
1.37%
Average Ashland County Tax Rate
1.52%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Homerville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44235 | 1.17% | 1.30% | 1.37% | 1.37% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Homerville, Ohio
In Homerville, 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 Ashland County Appraisal District 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. In Homerville, 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. The median home price in Homerville is $153,025, with tax bills ranging from $2,035 at the 25th percentile to $2,411 at the 90th percentile. The zip code 44235 has the highest and lowest median tax bill, both valued at $2,095. 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 Homerville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Homerville Assessed Value
$153,025
Average Ashland County Assessed Value
$108,690
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Homerville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44235 | $141,518 | $148,655 | $153,025 | $173,762 | $210,361 |
Source: Ownwell
Property Tax Bills Across Homerville, Ohio
Property tax bills in Homerville, Ashland County, OH, are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor. Factors such as property size, location, and market conditions are considered in this assessment. In Homerville, the tax bills can vary significantly. For instance, the 25th percentile tax bill stands at $2,035, while the 75th percentile tax bill is $2,212. At the higher end, the 90th percentile tax bill reaches $2,411. These figures reflect the range of property values and the corresponding taxes homeowners might expect to pay. When compared to the national median property tax rate of 0.99%, Homerville's property taxes can be considered relatively high. This can have a substantial impact on homeowners, influencing their overall cost of living and potentially affecting property values in the area. Understanding these factors can help homeowners budget accordingly and make informed decisions about their property investments.
Average Homerville Tax Bill
$2,095
Average Ashland County Tax Bill
$1,522
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Homerville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44235 | $1,940 | $2,035 | $2,095 | $2,212 | $2,411 |
Source: Ownwell