Piedmont, Ohio Property Taxes
The median property tax rate in Piedmont, OH is 1.23%, 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 Piedmont at $52,770, the typical annual property tax bill reaches $628, which is significantly lower than the national median of $2,690. Property taxes in Piedmont 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 Piedmont'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 Piedmont 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
Piedmont, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$649
Ownwell’s Piedmont Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Piedmont with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Piedmont to provide an estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities. If you’re curious about trends at a neighborhood level, scroll down for more localized information. Your property’s assessed value is determined by Belmont County for property tax purposes, factoring in any applicable exemptions.
Property Tax Rates Across Piedmont, Ohio
Property taxes in Piedmont, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Piedmont is 1.23%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Piedmont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Piedmont 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 Piedmont's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43983 zip code has the highest median property tax rate of 1.23%, while the 43983 zip code has the lowest median tax rate of 1.23%. Understanding how these cities compare with Piedmont provides valuable insights into the varying tax landscape across Belmont County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Piedmont Tax Rate
1.23%
Average Belmont County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Piedmont, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43983 | 1.19% | 1.22% | 1.23% | 1.24% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Piedmont, Ohio
In Piedmont, 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 Belmont 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. 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 Piedmont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median home price in Piedmont is $52,770, with the highest and lowest median tax bills both being $628 in zip code 43983.
Average Piedmont Assessed Value
$52,770
Average Belmont County Assessed Value
$74,065
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Piedmont, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43983 | $8,768 | $30,550 | $52,770 | $80,770 | $118,344 |
Source: Ownwell
Property Tax Bills Across Piedmont, Ohio
In Piedmont, located in Belmont County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the property's market value, determined by the local tax assessor. Homeowners in Piedmont can expect a range of property tax bills, with the 25th percentile at $324 and the 75th percentile at $979. For those at the higher end, the 90th percentile tax bill reaches $1,423. Several factors influence these tax bills, including the market value of the property, local tax rates, and any applicable exemptions or deductions. The median home price in Piedmont is $52,770, which serves as a baseline for calculating the assessed value. Compared to the national median property tax rate of 0.99%, Piedmont's property tax rates reflect the local economic conditions and funding needs for public services. For homeowners, understanding these factors is crucial as property taxes can significantly impact annual expenses and overall affordability of owning a home in Piedmont.
Average Piedmont Tax Bill
$628
Average Belmont County Tax Bill
$992
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Piedmont, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43983 | $110 | $324 | $628 | $979 | $1,423 |
Source: Ownwell