Stoutsville, Ohio Property Taxes
The median property tax rate in Stoutsville, OH is 1.13%, 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 Stoutsville at $151,580, the typical annual property tax bill amounts to $1,711, which is below the national median of $2,690. Property taxes in Stoutsville are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Stoutsville'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 Stoutsville 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
Stoutsville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$1,713
Ownwell’s Stoutsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Stoutsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stoutsville 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 Stoutsville, Ohio
Property taxes in Stoutsville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stoutsville is 1.13%, higher than the U.S. national median of 0.99%. Local government entities within Stoutsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stoutsville 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 Stoutsville's effective property tax rate to other areas and the national median. For comparison, the zip code 43154 has the highest median property tax rate of 1.13%, while the same zip code also has the lowest median tax rate of 1.13%. Understanding how these areas compare with Stoutsville 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 Stoutsville Tax Rate
1.13%
Average Fairfield County Tax Rate
1.37%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stoutsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43154 | 0.98% | 1.10% | 1.13% | 1.15% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Stoutsville, Ohio
In Stoutsville, 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 Stoutsville, 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 Stoutsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Stoutsville is $151,580, with the 25th percentile tax bill being $597 and the 75th percentile tax bill reaching $2,608. The highest and lowest median tax bills in the area are both $1,711, found in zip code 43154.
Average Stoutsville Assessed Value
$151,580
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 Stoutsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43154 | $1,660 | $49,450 | $151,580 | $232,080 | $324,766 |
Source: Ownwell
Property Tax Bills Across Stoutsville, Ohio
In Stoutsville, Fairfield County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $151,580, the assessed value serves as the foundation for determining the tax bill. Various factors contribute to the final tax bill, including local tax rates and any applicable exemptions. Homeowners in Stoutsville experience a range in tax bills, with the 25th percentile paying around $597 and the 75th percentile facing $2,608. The 90th percentile sees tax bills as high as $3,684. These figures illustrate the variability in property tax burdens, which can significantly impact household finances. Compared to the national median property tax rate of 0.99%, the tax rates in Stoutsville can vary widely, reflecting the unique local tax policies and property values. Understanding these factors is crucial for homeowners to manage their finances effectively and anticipate their annual property tax obligations.
Average Stoutsville Tax Bill
$1,711
Average Fairfield County Tax Bill
$2,962
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Stoutsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43154 | $18 | $597 | $1,711 | $2,608 | $3,684 |
Source: Ownwell