Sabina, Ohio Property Taxes
The median property tax rate in Sabina, OH is 1.53%, considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Sabina at $143,220, the typical annual property tax bill reaches $2,134, which is below the national median of $2,690. Property taxes in Sabina 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 Sabina'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 Sabina 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
Sabina, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$2,191
Ownwell’s Sabina Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sabina with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sabina 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 Sabina, Ohio
Property taxes in Sabina, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sabina is 1.53%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Sabina set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sabina 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 Sabina's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45169 zip code has the highest median property tax rate of 1.53%, while the same zip code also has the lowest median tax rate of 1.53%. Understanding how these cities compare with Sabina provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sabina Tax Rate
1.53%
Average Greene County Tax Rate
2.02%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sabina, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45169 | 0.97% | 1.32% | 1.53% | 1.56% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Sabina, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sabina, Ohio. 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 Greene 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. 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 Sabina helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Sabina, the highest median tax bill is $2134 in zip code 45169, while the lowest median tax bill is also $2134 in the same zip code.
Average Sabina Assessed Value
$143,220
Average Greene County Assessed Value
$165,090
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sabina, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45169 | $47,895 | $81,038 | $143,220 | $166,742 | $209,345 |
Source: Ownwell
Property Tax Bills Across Sabina, Ohio
In Sabina, Greene County, OH, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The median home price in Sabina is $143,220. Local tax rates are then applied to this assessed value to determine your tax bill. For example, homeowners in the 25th percentile pay around $1,069 annually, while those in the 75th percentile see bills closer to $2,304. The top 10% of homeowners face tax bills as high as $2,642. Several factors influence these amounts, including changes in property values, local government budgets, and voter-approved levies for schools and infrastructure. These taxes fund essential services like public education, road maintenance, and emergency services, directly impacting the community's quality of life. For homeowners, understanding these factors can help in budgeting and financial planning, ensuring they are prepared for annual property tax obligations. Sabina's property tax rates are competitive compared to the national median property tax rate of 0.99%.
Average Sabina Tax Bill
$2,134
Average Greene County Tax Bill
$3,355
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Sabina, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45169 | $547 | $1,069 | $2,134 | $2,304 | $2,642 |
Source: Ownwell