Williamsburg, Ohio Property Taxes
The median property tax rate in Williamsburg, OH is 1.07%, 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 Williamsburg at $119,900, the typical annual property tax bill is $1,208, which is below the national median of $2,690. Property taxes in Williamsburg are based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Williamsburg'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 Williamsburg or another part of Brown County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Williamsburg, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.07%
Estimate Property Tax Bill
$1,283
Ownwell’s Williamsburg Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Williamsburg with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Williamsburg to estimate your property tax bill. This valuable tool helps you grasp potential tax liabilities. For those interested in neighborhood-level trends, you can find more detailed information below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Williamsburg, Ohio
Property taxes in Williamsburg, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Williamsburg is 1.07%, significantly higher than the U.S. national median of 0.99%. Local government entities within Williamsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Williamsburg 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 Williamsburg's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45176 has both the highest and the lowest median property tax rate of 1.07%. Understanding how these cities compare with Williamsburg 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 Williamsburg Tax Rate
1.07%
Average Brown County Tax Rate
1.17%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Williamsburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45176 | 0.78% | 1.05% | 1.07% | 1.08% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Williamsburg, Ohio
In Williamsburg, 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 Williamsburg, 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 Williamsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,208 in the 45176 zip code, while the lowest is also $1,208 in the same zip code.
Average Williamsburg Assessed Value
$119,900
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 Williamsburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45176 | $27,140 | $76,400 | $119,900 | $179,520 | $252,268 |
Source: Ownwell
Property Tax Bills Across Williamsburg, Ohio
In Williamsburg, located in Brown County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county's tax assessor. The median home price in Williamsburg is $119,900, and homeowners can expect their tax bills to vary widely. Factors such as home improvements, neighborhood changes, and market conditions play a significant role in determining the assessed value. The tax bill for properties in Williamsburg can range significantly. For example, the 25th percentile tax bill is $745, while the 75th percentile tax bill is $1,799, and the 90th percentile tax bill reaches $2,459. These figures highlight the variability in property tax obligations for homeowners in the area. Comparatively, the highest median tax bill in Brown County is $1,208, which is relatively modest when compared to the national median property tax rate of 0.99%. This indicates that property tax rates in Williamsburg are generally in line with national averages, providing a balanced environment for homeowners.
Average Williamsburg Tax Bill
$1,208
Average Brown County Tax Bill
$1,244
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Williamsburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45176 | $267 | $745 | $1,208 | $1,799 | $2,459 |
Source: Ownwell