Rockbridge, Ohio Property Taxes
The median property tax rate in Rockbridge, Ohio is 1.34%, which is higher than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value of $137,195 in Rockbridge, the typical annual property tax bill reaches $1,887, falling below the national median of $2,690. Property taxes in Rockbridge are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Rockbridge's property tax system and exploring available exemptions can lead to significant annual savings. Whether you're in the heart of Rockbridge or another part of Hocking County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rockbridge, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$1,838
Ownwell’s Rockbridge Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Rockbridge with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Rockbridge to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in detailed neighborhood trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Rockbridge, Ohio
Property taxes in Rockbridge, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rockbridge is 1.34%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Rockbridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rockbridge 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 Rockbridge's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43149 zip code has the highest median property tax rate of 1.34%, while the same zip code also has the lowest median tax rate of 1.34%. Understanding how these areas compare with Rockbridge provides valuable insights into the varying tax landscape across Hocking County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rockbridge Tax Rate
1.34%
Average Hocking County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rockbridge, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43149 | 1.10% | 1.32% | 1.34% | 1.36% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Rockbridge, Ohio
In Rockbridge, 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 Hocking 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 Rockbridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rockbridge is $137,195, with the 25th percentile tax bill at $1,148 and the 75th percentile tax bill at $3,067. The highest and lowest median tax bills are both $1,887 in zip code 43149.
Average Rockbridge Assessed Value
$137,195
Average Hocking County Assessed Value
$109,310
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rockbridge, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43149 | $31,904 | $74,511 | $137,195 | $217,655 | $339,253 |
Source: Ownwell
Property Tax Bills Across Rockbridge, Ohio
In Rockbridge, located in Hocking County, OH, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is a percentage of the property's market value, and the tax rate is then applied to this assessed value to determine the tax bill. The median home price in Rockbridge is $137,195, and homeowners can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is $1,148, while the 75th percentile tax bill is $3,067, and the 90th percentile tax bill can reach up to $4,627. These figures indicate a wide range of property tax liabilities across different homes, reflecting differences in property values and possibly the application of various exemptions. Comparatively, the national median property tax rate is 0.99%, which serves as a benchmark for understanding local tax burdens. The highest and lowest median tax bills in Rockbridge are both $1,887, illustrating some consistency within specific zip codes. This system impacts homeowners by influencing their annual financial obligations and potentially affecting property values and housing affordability.
Average Rockbridge Tax Bill
$1,887
Average Hocking County Tax Bill
$1,629
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Rockbridge, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43149 | $585 | $1,148 | $1,887 | $3,067 | $4,627 |
Source: Ownwell