Washington Ch, Ohio Property Taxes
The median property tax rate in WASHINGTON CH, OH is 2.40%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in WASHINGTON CH at $126,000, the typical annual property tax bill reaches $2,745, slightly exceeding the national median of $2,690. Property taxes in WASHINGTON CH 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 WASHINGTON CH'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 WASHINGTON CH 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
Washington Ch, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.4%
Estimate Property Tax Bill
$3,024
Ownwell’s WASHINGTON CH Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WASHINGTON CH with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WASHINGTON CH 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 Washington Ch, Ohio
Property taxes in Washington CH, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Washington CH is 2.40%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Washington CH set these rates annually, and they can vary significantly across different neighborhoods. Each year, Washington CH 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 Washington CH's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43160 zip code has both the highest and lowest median property tax rate of 2.40%. Understanding how these cities compare with Washington CH provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Washington Ch Tax Rate
2.40%
Average Franklin County Tax Rate
2.10%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Washington Ch, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43160 | 1.13% | 1.91% | 2.40% | 2.72% | 3.19% |
Source: Ownwell
Property Tax Assessment Values Across Washington Ch, Ohio
In Washington CH, 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 local 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 Washington CH, 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 Washington CH helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Washington CH is $2,745, found in the 43160 zip code, which also has the lowest median tax bill at $2,745.
Average Washington Ch Assessed Value
$126,000
Average Franklin County Assessed Value
$168,000
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Washington Ch, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43160 | $49,100 | $54,950 | $126,000 | $286,345 | $452,926 |
Source: Ownwell
Property Tax Bills Across Washington Ch, Ohio
In Washington Court House, located in Franklin County, OH, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. The median home price in this area is $126,000, and property tax rates can vary, resulting in different tax bills for homeowners. For instance, the 25th percentile tax bill is $1,795, while the 75th percentile tax bill rises to $3,777, and the 90th percentile tax bill reaches $4,363. These variations reflect differences in property values and tax rates within the region. Homeowners in the zip code 43160 experience a median tax bill of $2,745, which is consistent across both the highest and lowest median tax bills in the area. Compared to the national median property tax rate of 0.99%, homeowners in Washington Court House may find their tax bills vary significantly based on local assessments and property values, impacting their overall financial planning.
Average Washington Ch Tax Bill
$2,745
Average Franklin County Tax Bill
$3,472
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Washington Ch, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43160 | $1,355 | $1,795 | $2,745 | $3,777 | $4,363 |
Source: Ownwell