Shadyside, Ohio Property Taxes
The median property tax rate in Shadyside, OH is 1.55%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $96,135, the typical annual property tax bill in Shadyside amounts to $1,390, which is below the national median of $2,690. Property taxes in Shadyside are calculated based on the tax assessed value, typically lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Shadyside'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 Shadyside or another part of Belmont County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shadyside, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$1,490
Ownwell’s Shadyside Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Shadyside with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Shadyside to project your property tax bill. This valuable tool provides clarity on potential tax liabilities. For those interested in neighborhood-level trends, further localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, incorporating any applicable exemptions.
Property Tax Rates Across Shadyside, Ohio
Property taxes in Shadyside, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shadyside is 1.55%, significantly higher than the U.S. national median of 0.99%. Local government entities within Shadyside set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shadyside 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 Shadyside's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43947 zip code has the highest median property tax rate of 1.55%, while the same zip code also has the lowest median tax rate of 1.55%. Understanding how these cities compare with Shadyside 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 Shadyside Tax Rate
1.55%
Average Belmont County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shadyside, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43947 | 1.12% | 1.31% | 1.55% | 1.59% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Shadyside, Ohio
In Shadyside, 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. In Shadyside, 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 Shadyside helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 43947 has both the highest and lowest median tax bill at $1390.
Average Shadyside Assessed Value
$96,135
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 Shadyside, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43947 | $36,565 | $69,030 | $96,135 | $133,258 | $186,263 |
Source: Ownwell
Property Tax Bills Across Shadyside, Ohio
In Shadyside, property tax bills are calculated based on the assessed value of a home, which is determined by the Belmont County Assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Shadyside is $96,135. Homeowners in the 25th percentile can expect a tax bill around $965, while those in the 75th percentile might see bills up to $1,875. The tax bill for homeowners in the 90th percentile can reach as high as $2,729. These taxes fund essential services like schools, public safety, and infrastructure, directly impacting the quality of life in the community. With the national median property tax rate at 0.99%, Shadyside's rates reflect a balance between maintaining community services and managing homeowner expenses. Understanding these factors helps residents anticipate and plan for their property tax obligations.
Average Shadyside Tax Bill
$1,390
Average Belmont County Tax Bill
$992
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Shadyside, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43947 | $465 | $965 | $1,390 | $1,875 | $2,729 |
Source: Ownwell