Bidwell, Ohio Property Taxes
The median property tax rate in Bidwell, OH is 1.29%, higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $85,360 in Bidwell, the typical annual property tax bill amounts to $1,094, which is below the national median of $2,690. Property taxes in Bidwell are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Bidwell'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 Bidwell 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
Bidwell, 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 Bidwell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bidwell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bidwell 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 Bidwell, Ohio
Property taxes in Bidwell, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bidwell is 1.29%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Bidwell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bidwell 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 Bidwell's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45614 zip code has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Bidwell provides valuable insights into the varying tax landscape across Gallia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bidwell Tax Rate
1.29%
Average Gallia County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bidwell, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45614 | 0.88% | 1.22% | 1.29% | 1.31% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Bidwell, Ohio
In Bidwell, 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 Gallia 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 Bidwell, 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 Bidwell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bidwell is $85,360, with tax bills ranging from $611 at the 25th percentile to $3,090 at the 90th percentile. The zip code 45614 has the highest and lowest median tax bill of $1,094.
Average Bidwell Assessed Value
$85,360
Average Gallia County Assessed Value
$83,280
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bidwell, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45614 | $15,393 | $42,448 | $85,360 | $141,830 | $221,099 |
Source: Ownwell
Property Tax Bills Across Bidwell, Ohio
In Bidwell, located in Gallia County, OH, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is typically a percentage of the home's market value, and this figure is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $85,360, homeowners in Bidwell might see a range of tax bills depending on various factors such as property location and specific exemptions. Tax bills in Bidwell show considerable variation, with the 25th percentile at $611 and the 75th percentile reaching $1,878. At the higher end, the 90th percentile tax bill can go up to $3,090. These figures highlight the impact of property taxes on homeowners, as taxes can significantly affect annual housing costs. Compared to the national median property tax rate of 0.99%, Bidwell's rates reflect local economic conditions and government funding needs, influencing how much homeowners pay each year.
Average Bidwell Tax Bill
$1,094
Average Gallia County Tax Bill
$1,068
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bidwell, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45614 | $200 | $611 | $1,094 | $1,878 | $3,090 |
Source: Ownwell