Scottown, Ohio Property Taxes
The median property tax rate in Scottown, Ohio is 1.25%, 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 Scottown at $117,235, the typical annual property tax bill is $1,097, well below the national median of $2,690. Property taxes in Scottown are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Scottown'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 Scottown 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
Scottown, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.25%
Estimate Property Tax Bill
$1,465
Ownwell’s Scottown Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Scottown with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Scottown to provide an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in more granular details, you can explore trends at the neighborhood level by scrolling down. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Scottown, Ohio
Property taxes in Scottown, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Scottown is 1.01%, slightly above the U.S. national median of 0.99%. Local government entities within Scottown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scottown 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 Scottown's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45678 zip code has the highest median property tax rate of 1.01%, while the same zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Scottown 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 Scottown Tax Rate
1.25%
Average Gallia County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scottown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45678 | 0.54% | 0.80% | 1.25% | 1.33% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Scottown, Ohio
In Scottown, 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 Scottown, 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 Scottown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $1,097, found in the zip code 45678.
Average Scottown Assessed Value
$117,235
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 Scottown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45678 | $27,535 | $69,040 | $117,235 | $171,862 | $245,290 |
Source: Ownwell
Property Tax Bills Across Scottown, Ohio
In Scottown, Gallia County, OH, property tax bills are determined by several key factors. The primary component is the assessed value of the property, which is calculated as a percentage of the market value. For instance, a home with a median market price of $117,235 will have its assessed value determined by local assessment rates. Once the assessed value is established, the local tax rate is applied to compute the property tax bill. Homeowners in Scottown can expect their annual property tax bills to vary significantly. At the 25th percentile, the tax bill is around $603, while at the 75th percentile, it rises to approximately $1,885. For those in the 90th percentile, the tax bill can reach up to $3,249. The highest median tax bill recorded in the area is $1,097, which is relatively modest compared to the national median property tax rate of 0.99%. These variations in tax bills can significantly impact homeowners, influencing their monthly budgets and long-term financial planning.
Average Scottown Tax Bill
$1,097
Average Gallia County Tax Bill
$1,068
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Scottown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45678 | $321 | $603 | $1,097 | $1,885 | $3,249 |
Source: Ownwell