Circleville, Ohio Property Taxes
The median property tax rate in Circleville, OH is 1.25%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Circleville at $260,230, the typical annual property tax bill amounts to $3,432, surpassing the national median of $2,690. Property taxes in Circleville are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Circleville'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 Circleville 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
Circleville, 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 Circleville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Circleville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Circleville 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 Circleville, Ohio
Property taxes in Circleville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Circleville is 1.25%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Circleville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Circleville 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 Circleville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43113 zip code has the highest median property tax rate of 1.25%, while the same zip code also has the lowest median tax rate of 1.25%. Understanding how these cities compare with Circleville provides valuable insights into the varying tax landscape across Fairfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Circleville Tax Rate
1.25%
Average Fairfield County Tax Rate
1.37%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Circleville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43113 | 0.96% | 1.13% | 1.25% | 1.39% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Circleville, Ohio
In Circleville, 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 Fairfield 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 Circleville, 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. Circleville's median home price is $260,230, with tax bills ranging from $2,196 at the 25th percentile to $5,731 at the 90th percentile. The zip code 43113 has the highest median tax bill of $3,432. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Circleville Assessed Value
$260,230
Average Fairfield County Assessed Value
$224,580
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Circleville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43113 | $128,020 | $196,125 | $260,230 | $362,255 | $428,230 |
Source: Ownwell
Property Tax Bills Across Circleville, Ohio
In Circleville, located in Fairfield 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 the market value of your property, determined by the county assessor. Homeowners in Circleville can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $2,196 and the 75th percentile reaching $4,583. The highest median tax bill in the area is $3,432, which is notably higher than the national median property tax rate of 0.99%. Several factors influence these tax bills, including changes in property values, local government budgets, and voter-approved levies for schools and infrastructure. For homeowners, these tax bills can significantly impact annual expenses, making it crucial to stay informed about assessments and potential exemptions. Understanding how these factors interplay helps homeowners anticipate their financial responsibilities and possibly appeal for adjustments if they believe their property is over-assessed.
Average Circleville Tax Bill
$3,432
Average Fairfield County Tax Bill
$2,962
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Circleville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43113 | $1,112 | $2,196 | $3,432 | $4,583 | $5,731 |
Source: Ownwell