Oak Hill, Ohio Property Taxes
The median property tax rate in Oak Hill, OH is 1.32%, slightly above the national median of 0.99% but still lower than the Ohio state median of 1.80%. With the median home value in Oak Hill at $55,480, the typical annual property tax bill amounts to $802, which is significantly less than the national median of $2,690. Property taxes in Oak Hill are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Oak Hill'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 Oak Hill or another part of Gallia County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oak Hill, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$732
Ownwell’s Oak Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oak Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oak Hill 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 Oak Hill, Ohio
Property taxes in Oak Hill, Ohio, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Oak Hill is 1.32%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Oak Hill set these rates annually, and they can vary across different neighborhoods. Each year, Oak Hill 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 Oak Hill's effective property tax rate to other areas in Ohio and the national median. For comparison, the 45656 zip code has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these areas compare with Oak Hill 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 Oak Hill Tax Rate
1.32%
Average Gallia County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oak Hill, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45656 | 0.66% | 0.97% | 1.32% | 1.34% | 2.91% |
Source: Ownwell
Property Tax Assessment Values Across Oak Hill, Ohio
Understanding the distinction between "market value" and "assessed value" is essential for comprehending property taxes in Oak Hill, Ohio. The market value represents the price a willing buyer would pay a willing seller in an open market, influenced by 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 Oak Hill, 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. The median home price in Oak Hill is $55,480. The 25th percentile of tax bills is $333, while the 75th percentile is $1,196, and the 90th percentile reaches $2,274. The zip code with the highest and lowest median tax bill is 45656, both at $802. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Oak Hill Assessed Value
$55,480
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 Oak Hill, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45656 | $11,978 | $23,170 | $55,480 | $106,330 | $153,094 |
Source: Ownwell
Property Tax Bills Across Oak Hill, Ohio
In Oak Hill, Gallia County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. For instance, the median home price in Oak Hill is $55,480. Homeowners can expect their property tax bills to vary significantly, ranging from $333 at the 25th percentile to $1,196 at the 75th percentile. At the higher end, the 90th percentile tax bill reaches $2,274. Comparatively, the national median property tax rate is 0.99%, illustrating that Oak Hill's property tax rates can be quite variable. These taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners.
Average Oak Hill Tax Bill
$802
Average Gallia County Tax Bill
$1,068
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Oak Hill, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45656 | $144 | $333 | $802 | $1,196 | $2,274 |
Source: Ownwell