Westville, Ohio Property Taxes
The median property tax rate in Westville, OH is 1.22%, which is higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $68,455 in Westville, the typical annual property tax bill amounts to $855, falling below the national median of $2,690. Property taxes in Westville are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Westville'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 Westville 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
Westville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$835
Ownwell’s Westville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westville 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 Westville, Ohio
Property taxes in Westville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Westville is 1.22%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Westville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westville 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 Westville's effective property tax rate to other areas in Ohio and the national median. For comparison, the 43083 zip code has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these areas compare with Westville provides valuable insights into the varying tax landscape across Champaign County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Westville Tax Rate
1.22%
Average Champaign County Tax Rate
1.33%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43083 | 0.92% | 1.02% | 1.22% | 1.25% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Westville, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Westville, 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 Champaign 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 Westville, 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 Westville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $855 in zip code 43083, while the lowest median tax bill is also $855 in the same zip code.
Average Westville Assessed Value
$68,455
Average Champaign County Assessed Value
$139,430
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Westville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43083 | $5,712 | $18,702 | $68,455 | $119,540 | $151,040 |
Source: Ownwell
Property Tax Bills Across Westville, Ohio
In Westville, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. The assessed value is a percentage of the home's market value, and this figure is then multiplied by the tax rate set by the local government. Several factors influence the assessed value, including the home's location, size, and condition. For homeowners in Westville, the median home price is $68,455. Property tax bills can vary significantly, with the 25th percentile paying around $490 annually, while those in the 75th percentile see bills closer to $1,338. At the 90th percentile, property tax bills can reach up to $1,608. Compared to the national median property tax rate of 0.99%, Westville's property tax rates reflect the unique economic and real estate conditions of the area. Understanding these factors helps homeowners anticipate their annual tax obligations and better manage their finances.
Average Westville Tax Bill
$855
Average Champaign County Tax Bill
$1,926
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Westville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43083 | $168 | $490 | $855 | $1,338 | $1,608 |
Source: Ownwell