Rawson, Ohio Property Taxes
The median property tax rate in Rawson, Ohio is 1.11%, slightly higher than the national median of 0.99% but significantly lower than the Ohio state median of 1.80%. With a median home value of $146,360 in Rawson, the typical annual property tax bill amounts to $1,559, which is below the national median of $2,690. Property taxes in Rawson are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Navigating Rawson's property tax system, exploring available exemptions, and identifying reduction opportunities can result in substantial annual savings. Whether you're located in the heart of Rawson or another part of Hancock County, understanding the local property tax framework will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rawson, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,625
Ownwell’s Rawson Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Rawson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rawson 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 Rawson, Ohio
Property taxes in Rawson, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rawson is 1.11%, which is higher than the U.S. national median of 0.99%. Local government entities within Rawson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rawson 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 Rawson's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 45881 has both the highest and lowest median property tax rate of 1.11%. Understanding how these areas compare with Rawson provides valuable insights into the varying tax landscape across Hancock County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rawson Tax Rate
1.11%
Average Hancock County Tax Rate
1.24%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rawson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45881 | 0.78% | 1.04% | 1.11% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Rawson, Ohio
In Rawson, 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 Hancock 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 Rawson, 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 Rawson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Rawson are both $1,559, found in zip code 45881.
Average Rawson Assessed Value
$146,360
Average Hancock County Assessed Value
$151,760
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rawson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45881 | $30,874 | $86,388 | $146,360 | $228,708 | $376,405 |
Source: Ownwell
Property Tax Bills Across Rawson, Ohio
In Rawson, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $146,360, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is approximately $927, while at the 75th percentile, it rises to around $2,376. The top 10% of tax bills in Rawson can reach up to $3,324. Several factors influence the final tax bill, including the property's market value, any applicable exemptions, and the specific tax rate set by local authorities. These property taxes play a crucial role in funding local services such as schools, infrastructure, and public safety. For homeowners in Rawson, understanding how these elements impact their tax bill is essential for financial planning and ensuring they are prepared for their annual property tax obligations.
Average Rawson Tax Bill
$1,559
Average Hancock County Tax Bill
$1,839
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Rawson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45881 | $351 | $927 | $1,559 | $2,376 | $3,324 |
Source: Ownwell