Clarksburg, Ohio Property Taxes
The median property tax rate in Clarksburg, OH is 1.14%, which is considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Clarksburg, the typical annual property tax bill reaches $3,103, exceeding the national median of $2,690. Property taxes in Clarksburg 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 Clarksburg'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 Clarksburg 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
Clarksburg, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$3,366
Ownwell’s Clarksburg Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Clarksburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarksburg 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 Clarksburg, Ohio
Property taxes in Clarksburg, Ohio, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarksburg is 1.14%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Clarksburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarksburg 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 Clarksburg's effective property tax rate to other areas in Ohio and the national median. For comparison, the 43115 zip code has both the highest and lowest median property tax rate of 1.14%. Understanding how these areas compare with Clarksburg provides valuable insights into the varying tax landscape across Fayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clarksburg Tax Rate
1.14%
Average Fayette County Tax Rate
1.38%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarksburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43115 | 0.85% | 0.96% | 1.14% | 1.32% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Clarksburg, Ohio
In Clarksburg, 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 Fayette 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 Clarksburg, 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 zip code with the highest median tax bill in Clarksburg is 43115, with a median tax bill of $3,103. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clarksburg Assessed Value
$295,250
Average Fayette County Assessed Value
$107,500
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clarksburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43115 | $239,370 | $260,325 | $295,250 | $330,175 | $351,130 |
Source: Ownwell
Property Tax Bills Across Clarksburg, Ohio
In Clarksburg, Fayette County, OH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the market value of the property. Factors such as the home's location, size, and condition are taken into account. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $295,250, homeowners in Clarksburg can expect to pay a property tax bill that varies. The 25th percentile tax bill is around $2,962, while the 75th percentile reaches $3,244. At the 90th percentile, the tax bill can be as high as $3,329. These figures highlight how property taxes can vary significantly within the same area, affecting homeowners differently based on their property’s assessed value. Comparatively, the national median property tax rate is 0.99%, making Clarksburg's property taxes relatively moderate.
Average Clarksburg Tax Bill
$3,103
Average Fayette County Tax Bill
$1,527
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarksburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43115 | $2,878 | $2,962 | $3,103 | $3,244 | $3,329 |
Source: Ownwell