Felicity, Ohio Property Taxes
The median property tax rate in Felicity, OH is 1.08%, slightly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Felicity at $91,070, the typical annual property tax bill amounts to $931, which is below the national median of $2,690. Property taxes in Felicity are determined based on the assessed value, generally lower than the market value due to exemptions like the primary residence and agricultural exemptions. Grasping Felicity's property tax system, exploring available exemptions, and pinpointing opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Felicity or another part of Brown County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Felicity, 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 Felicity Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Felicity with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Felicity 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 Felicity, Ohio
Property taxes in Felicity, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Felicity is 1.08%, higher than the U.S. national median of 0.99%. Local government entities within Felicity set these rates annually, and they can vary significantly across different neighborhoods. Each year, Felicity 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. Understanding how Felicity's effective property tax rate compares to other areas in Brown County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Felicity Tax Rate
1.08%
Average Brown County Tax Rate
1.17%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Felicity, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45120 | 0.58% | 0.94% | 1.08% | 1.08% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Felicity, Ohio
Understanding the difference between "market value" and "assessed value" is essential for comprehending property taxes in Felicity, Ohio. 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 Brown 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 Felicity, 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. For example, the highest median tax bill in Felicity is $931 in the 45120 zip code, while the lowest median tax bill is also $931 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Felicity Assessed Value
$91,070
Average Brown County Assessed Value
$109,630
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Felicity, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45120 | $21,424 | $34,160 | $91,070 | $149,050 | $259,574 |
Source: Ownwell
Property Tax Bills Across Felicity, Ohio
Property tax bills in Felicity, located in Brown County, Ohio, are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Felicity is $91,070, and the tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location within specific school districts and local government levies. Homeowners in Felicity can expect tax bills that vary widely. At the 25th percentile, the tax bill is around $345, while at the 75th percentile, it reaches approximately $1,499. For those at the 90th percentile, the tax bill can be as high as $2,187. These variations are influenced by differences in property values and applicable exemptions. Compared to the national median property tax rate of 0.99%, Felicity's tax rates show a range that can significantly impact homeowners' annual expenses. Understanding these factors can help homeowners anticipate and manage their property tax obligations more effectively.
Average Felicity Tax Bill
$931
Average Brown County Tax Bill
$1,244
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Felicity, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45120 | $231 | $345 | $931 | $1,499 | $2,187 |
Source: Ownwell