Perrysville, Ohio Property Taxes
The median property tax rate in Perrysville, OH is 1.55%, which is higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $85,430 in Perrysville, the typical annual property tax bill amounts to $1,242, falling below the national median of $2,690. Property taxes in Perrysville are calculated based on the tax assessed value, which often remains below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Perrysville'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 Perrysville or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Perrysville, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Perrysville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Perrysville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Perrysville 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 Perrysville, Ohio
Property taxes in Perrysville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Perrysville is 1.55%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Perrysville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Perrysville 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 Perrysville's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 44864 has the highest median property tax rate of 1.55%, while the same zip code also records the lowest median tax rate of 1.55%. Understanding how these cities compare with Perrysville 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 Perrysville Tax Rate
1.55%
Average Ashland County Tax Rate
1.52%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Perrysville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44864 | 1.02% | 1.43% | 1.55% | 1.57% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Perrysville, Ohio
In Perrysville, 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 Perrysville, 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 Perrysville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Ashland County is 44864, both at $1,242.
Average Perrysville Assessed Value
$85,430
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 Perrysville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44864 | $12,525 | $46,818 | $85,430 | $135,848 | $187,045 |
Source: Ownwell
Property Tax Bills Across Perrysville, Ohio
In Perrysville, Ashland County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, the median home price in Perrysville stands at $85,430. Homeowners in this area experience a range of tax bills, with the 25th percentile at $624 and the 75th percentile reaching $1,934. At the 90th percentile, tax bills can go as high as $2,601. The local tax rate and the assessed value of the property are the primary factors that influence the final tax bill. Homeowners need to be aware of these factors as they directly impact their annual financial obligations. Compared to the national median property tax rate of 0.99%, Perrysville's property tax rates can vary significantly, affecting how much homeowners pay each year. This variation underscores the importance of understanding local property tax regulations and how they affect individual financial planning.
Average Perrysville Tax Bill
$1,242
Average Ashland County Tax Bill
$1,522
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Perrysville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44864 | $157 | $624 | $1,242 | $1,934 | $2,601 |
Source: Ownwell