Hollansburg, Ohio Property Taxes
The median property tax rate in Hollansburg, OH is 1.45%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Hollansburg at $61,350, the typical annual property tax bill amounts to $1,003, which is below the national median of $2,690. Property taxes in Hollansburg are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. By understanding Hollansburg's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're in the heart of Hollansburg or another part of the city, a thorough grasp of the local property tax system can be highly beneficial.
Last Updated June 14, 2024
Hollansburg, 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 Hollansburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hollansburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hollansburg 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 Hollansburg, Ohio
Property taxes in Hollansburg, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hollansburg is 1.45%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Hollansburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hollansburg 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 Hollansburg's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45332 zip code has the highest median property tax rate of 1.45%, while the same zip code has the lowest median tax rate of 1.45%. Understanding how these cities compare with Hollansburg 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 Hollansburg Tax Rate
1.45%
Average Darke County Tax Rate
1.34%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hollansburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45332 | 0.85% | 1.30% | 1.45% | 1.73% | 2.42% |
Source: Ownwell
Property Tax Assessment Values Across Hollansburg, Ohio
In Hollansburg, 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 Hollansburg, 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 Hollansburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1003, found in the zip code 45332.
Average Hollansburg Assessed Value
$61,350
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 Hollansburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45332 | $20,710 | $34,980 | $61,350 | $115,460 | $168,360 |
Source: Ownwell
Property Tax Bills Across Hollansburg, Ohio
In Hollansburg, property tax bills are calculated by assessing the market value of a home and then applying the local tax rate to that value. For instance, the median home price in Hollansburg is $61,350. Homeowners can anticipate property tax bills that vary widely, with the 25th percentile paying around $606, while those in the 75th percentile see bills closer to $1,620. The top 10% of property tax bills can reach up to $2,358. Several factors influence these tax bills, including the assessed value of the property, local tax rates, and any applicable exemptions. The local tax rate in Darke County is a significant factor, especially when compared to the national median property tax rate of 0.99%. For homeowners, these taxes fund essential community services such as schools, road maintenance, and emergency services. Understanding how these elements come together helps homeowners anticipate their financial obligations and plan accordingly.
Average Hollansburg Tax Bill
$1,003
Average Darke County Tax Bill
$1,406
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Hollansburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45332 | $233 | $606 | $1,003 | $1,620 | $2,358 |
Source: Ownwell