Reesville, Ohio Property Taxes
The median property tax rate in Reesville, OH is 1.80%, which is considerably higher than the national median of 0.99%. With the median home value in Reesville at $57,900, the typical annual property tax bill reaches $1,169, still below the national median of $2,690. Property taxes in Reesville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Reesville'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 Reesville or another part of Clinton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Reesville, 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 Reesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Reesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reesville 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 Reesville, Ohio
Property taxes in Reesville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Reesville is 1.80%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Reesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Reesville 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 Reesville's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 45166 has both the highest and lowest median property tax rate of 1.80%. Understanding how these areas compare with Reesville provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Reesville Tax Rate
1.80%
Average Clinton County Tax Rate
1.56%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45166 | 1.36% | 1.56% | 1.80% | 2.17% | 2.77% |
Source: Ownwell
Property Tax Assessment Values Across Reesville, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Reesville, 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 Clinton County Auditor 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 Reesville, 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. For instance, the median home price in Reesville is $57,900, with tax bills ranging from $767 at the 25th percentile to $1,792 at the 90th percentile. The highest median tax bill in the area is $1,169, found in the 45166 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Reesville Assessed Value
$57,900
Average Clinton County Assessed Value
$106,220
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Reesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45166 | $10,860 | $40,890 | $57,900 | $87,515 | $106,250 |
Source: Ownwell
Property Tax Bills Across Reesville, Ohio
In Reesville, located in Clinton County, OH, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value, which is typically a percentage of the market value determined by the county assessor's office. For instance, homeowners in Reesville face a median property tax bill of $1,169, which is higher than the national median property tax rate of 0.99%. Factors influencing the tax bill include property size, location, and any applicable exemptions or deductions. The impact on homeowners can be significant, as property taxes contribute to local services such as schools, emergency services, and infrastructure. For those in the 25th percentile, the tax bill is around $767, while those in the 75th percentile pay approximately $1,636, and the 90th percentile sees bills up to $1,792. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Reesville Tax Bill
$1,169
Average Clinton County Tax Bill
$1,728
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Reesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45166 | $206 | $767 | $1,169 | $1,636 | $1,792 |
Source: Ownwell