Hamersville, Ohio Property Taxes
The median property tax rate in Hamersville, Ohio is 1.17%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value in Hamersville of $90,760, the typical annual property tax bill is approximately $992, falling below the national median of $2,690. Property taxes in Hamersville are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Hamersville's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Hamersville or another part of Brown County, being well-informed about the local property tax system is crucial for maximizing financial benefits.
Last Updated June 14, 2024
Hamersville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,062
Ownwell’s Hamersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hamersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hamersville 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 Hamersville, Ohio
Property taxes in Hamersville, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hamersville is 1.17%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Hamersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hamersville 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 Hamersville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45130 zip code has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Hamersville provides valuable insights into the varying tax landscape across Brown County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hamersville Tax Rate
1.17%
Average Brown County Tax Rate
1.17%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hamersville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45130 | 0.68% | 1.06% | 1.17% | 1.18% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Hamersville, Ohio
In Hamersville, 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 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 Hamersville, 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, Hamersville's median home price is $90,760, with tax bills ranging from $522 at the 25th percentile to $2,247 at the 90th percentile. The zip code 45130 consistently shows the highest and lowest median tax bills at $992. Being aware of these valuation processes in Hamersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hamersville Assessed Value
$90,760
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 Hamersville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45130 | $17,825 | $46,518 | $90,760 | $145,858 | $231,100 |
Source: Ownwell
Property Tax Bills Across Hamersville, Ohio
In Hamersville, located in Brown County, OH, property tax bills are calculated based on the assessed value of the home, which is a percentage of its market value. The median home price in the area is $90,760. Local tax authorities determine the assessed value and apply the applicable tax rate to calculate the tax bill. Factors such as property size, location, and improvements can influence the assessed value. For instance, homes in zip code 45130 have a median tax bill of $992, which is notably higher than the national median property tax rate of 0.99%. Homeowners in Hamersville can expect their tax bills to vary significantly, with the 25th percentile tax bill at $522 and the 75th percentile reaching $1,547. At the higher end, the 90th percentile tax bill can go up to $2,247. These variations impact homeowners differently, depending on the value of their property and the specific characteristics that affect its assessed value.
Average Hamersville Tax Bill
$992
Average Brown County Tax Bill
$1,244
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Hamersville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45130 | $196 | $522 | $992 | $1,547 | $2,247 |
Source: Ownwell