Pitsburg, Ohio Property Taxes
The median property tax rate in Pitsburg, OH is 1.89%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Pitsburg at $99,055, the typical annual property tax bill reaches $1,781, which is below the national median of $2,690. Property taxes in Pitsburg 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 Pitsburg'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 Pitsburg 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
Pitsburg, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.89%
Estimate Property Tax Bill
$1,872
Ownwell’s Pittsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pittsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pittsburg 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 Pitsburg, Ohio
Property taxes in Pitsburg, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pitsburg is 1.89%, significantly higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Pitsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pitsburg 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 Pitsburg's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45358 zip code has the highest median property tax rate of 1.89%, while the same zip code also has the lowest median tax rate of 1.89%. Understanding how these cities compare with Pitsburg 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 Pitsburg Tax Rate
1.89%
Average Darke County Tax Rate
1.34%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pitsburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45358 | 1.53% | 1.72% | 1.89% | 2.09% | 2.27% |
Source: Ownwell
Property Tax Assessment Values Across Pitsburg, Ohio
In Pitsburg, 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. 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 Pitsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 45358 has the highest median tax bill at $1,781, while the lowest median tax bill is also found in zip code 45358 at $1,781.
Average Pitsburg Assessed Value
$99,055
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 Pitsburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45358 | $50,185 | $72,020 | $99,055 | $123,612 | $148,673 |
Source: Ownwell
Property Tax Bills Across Pitsburg, Ohio
In Pittsburg, located in Darke County, OH, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual property tax bill. Various factors influence the assessed value, including the property's location, size, and condition, as well as market trends in the area. For homeowners in Pittsburg, the median home price stands at $99,055. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,441 and the 75th percentile at $2,282. The 90th percentile tax bill reaches $2,678, highlighting the range of possible tax liabilities. Compared to the national median property tax rate of 0.99%, Pittsburg's property tax rates reflect the local economic conditions and funding needs for public services. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly, ensuring they are prepared for their annual property tax bills.
Average Pitsburg Tax Bill
$1,781
Average Darke County Tax Bill
$1,406
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Pitsburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45358 | $1,145 | $1,441 | $1,781 | $2,282 | $2,678 |
Source: Ownwell