Chesterhill, Ohio Property Taxes
The median property tax rate in Chesterhill, OH is 1.65%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Chesterhill at $26,395, the typical annual property tax bill is $387, significantly below the national median of $2,690. Property taxes in Chesterhill 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 Chesterhill'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 Chesterhill or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chesterhill, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.65%
Estimate Property Tax Bill
$436
Ownwell’s Chesterhill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chesterhill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chesterhill 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 Chesterhill, Ohio
Property taxes in Chesterhill, OH, are essential for funding crucial local services like public schools, road maintenance, and emergency services. The median tax rate in Chesterhill is 1.65%, significantly higher than the Ohio state median and the U.S. national median of 0.99%. Local government entities within Chesterhill set these rates annually, and they can vary across different neighborhoods. Each year, Chesterhill 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 Chesterhill's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43728 has both the highest and lowest median property tax rate of 1.65%. Understanding how these areas compare with Chesterhill provides valuable insights into the varying tax landscape across Athens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chesterhill Tax Rate
1.65%
Average Athens County Tax Rate
1.77%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chesterhill, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43728 | 0.98% | 1.62% | 1.65% | 1.65% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Chesterhill, Ohio
In Chesterhill, 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 Athens 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 Chesterhill, 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 Chesterhill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 43728 has both the highest and lowest median tax bill, valued at $387.
Average Chesterhill Assessed Value
$26,395
Average Athens County Assessed Value
$88,765
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chesterhill, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43728 | $8,995 | $16,168 | $26,395 | $43,588 | $133,630 |
Source: Ownwell
Property Tax Bills Across Chesterhill, Ohio
In Chesterhill, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the home's market value. Homeowners in Chesterhill can expect their property tax bill to vary depending on several factors, including the assessed value of their property and the local tax rate. The median home price in Chesterhill is $26,395, and property tax bills range from $261 at the 25th percentile to $1,291 at the 90th percentile. The tax rate in Chesterhill is influenced by the funding needs of local services such as schools, infrastructure, and public safety. For comparison, the national median property tax rate is 0.99%. Homeowners need to be aware that higher assessed values and increased local tax rates can result in higher property tax bills, impacting their overall housing costs. Understanding these factors helps homeowners better prepare for their annual tax obligations.
Average Chesterhill Tax Bill
$387
Average Athens County Tax Bill
$1,453
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Chesterhill, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43728 | $148 | $261 | $387 | $717 | $1,291 |
Source: Ownwell