Shiloh, Ohio Property Taxes
The median property tax rate in Shiloh, OH is 1.41%, which is significantly higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $146,030 in Shiloh, the typical annual property tax bill amounts to $2,016, falling below the national median of $2,690. Property taxes in Shiloh are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Shiloh'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 Shiloh 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
Shiloh, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$2,059
Ownwell’s Shiloh Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shiloh with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shiloh 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 Shiloh, Ohio
Property taxes in Shiloh, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shiloh is 1.41%, significantly higher than the U.S. national median of 0.99%. Local government entities within Shiloh set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shiloh 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 Shiloh's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 44878 has the highest median property tax rate of 1.41%, while the lowest median tax rate is also 1.41%. Understanding how these cities compare with Shiloh 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 Shiloh Tax Rate
1.41%
Average Ashland County Tax Rate
1.52%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shiloh, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44878 | 1.05% | 1.32% | 1.41% | 1.41% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Shiloh, Ohio
In Shiloh, 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 Shiloh, 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 Shiloh helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Shiloh is $146,030, with tax bills ranging from $1,361 at the 25th percentile to $2,844 at the 90th percentile. The zip code 44878 has the highest and lowest median tax bill at $2,016.
Average Shiloh Assessed Value
$146,030
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 Shiloh, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44878 | $42,340 | $104,820 | $146,030 | $172,600 | $197,920 |
Source: Ownwell
Property Tax Bills Across Shiloh, Ohio
In Shiloh, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. This assessed value is a percentage of the property's market value. In Ashland County, where Shiloh is located, homeowners can expect varying tax bills depending on their property's value. Factors such as the property's location, size, and condition all play a role in determining the assessed value. For instance, the median home price in Shiloh is $146,030. The property tax rate in this area can significantly impact homeowners' annual expenses. The tax bills in Shiloh range from the 25th percentile at $1,361 to the 75th percentile at $2,428, with the 90th percentile reaching up to $2,844. This variation shows how different property characteristics and assessments can affect the overall tax burden. Compared to the national median property tax rate of 0.99%, Shiloh's property taxes can either be higher or lower, influencing homeowners' decisions and financial planning. Understanding these factors helps homeowners anticipate their annual tax obligations.
Average Shiloh Tax Bill
$2,016
Average Ashland County Tax Bill
$1,522
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Shiloh, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44878 | $518 | $1,361 | $2,016 | $2,428 | $2,844 |
Source: Ownwell