Burkettsville, Ohio Property Taxes
The median property tax rate in Burkettsville, OH is 1.23%, slightly higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $115,705, the typical annual property tax bill in Burkettsville is approximately $1,437, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Burkettsville'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 Burkettsville 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
Burkettsville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,423
Ownwell’s Burkettsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burkettsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burkettsville 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 Burkettsville, Ohio
Property taxes in Burkettsville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burkettsville is 1.23%, which is significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Burkettsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burkettsville 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 Burkettsville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45310 zip code has the highest median property tax rate of 1.23%, while the same 45310 zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Burkettsville provides valuable insights into the varying tax landscape across Darke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burkettsville Tax Rate
1.23%
Average Darke County Tax Rate
1.34%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burkettsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45310 | 1.08% | 1.23% | 1.23% | 1.26% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Burkettsville, Ohio
In Burkettsville, 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 Darke 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 Burkettsville, 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. The median home price in Burkettsville is $115,705, with the highest median tax bill being $1,437 in zip code 45310. Being aware of these valuation processes in Burkettsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Burkettsville Assessed Value
$115,705
Average Darke County Assessed Value
$110,800
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burkettsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45310 | $65,003 | $84,090 | $115,705 | $146,050 | $191,254 |
Source: Ownwell
Property Tax Bills Across Burkettsville, Ohio
In Burkettsville, Darke County, OH, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is a percentage of your home's market value, which is determined by the county assessor. Once the assessed value is established, it is multiplied by the local property tax rate to determine your annual tax bill. Several factors influence the assessed value, including the size of the property, location, and any improvements made. For instance, the median home price in Burkettsville is $115,705. Homeowners in the 25th percentile can expect a tax bill around $1,005, while those in the 75th percentile might see bills closer to $1,784. The 90th percentile tax bill can reach up to $2,060. Compared to the national median property tax rate of 0.99%, Burkettsville's rates can vary, affecting homeowners differently. Understanding these factors can help homeowners anticipate their property tax responsibilities and plan accordingly.
Average Burkettsville Tax Bill
$1,437
Average Darke County Tax Bill
$1,406
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Burkettsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45310 | $815 | $1,005 | $1,437 | $1,784 | $2,060 |
Source: Ownwell