Sugarcreek, Ohio Property Taxes
The median property tax rate in Sugarcreek, OH is 1.11%, slightly higher than the national median of 0.99%, yet lower than Ohio's state median of 1.80%. With a median home value of $294,470, the typical annual property tax bill in Sugarcreek reaches $3,340, surpassing the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Sugarcreek'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 Sugarcreek 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
Sugarcreek, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$3,269
Ownwell’s Sugarcreek Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sugarcreek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sugarcreek to project your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Sugarcreek, Ohio
Property taxes in Sugarcreek, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sugarcreek is 1.11%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Sugarcreek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sugarcreek 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 Sugarcreek's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44681 zip code has the highest median property tax rate of 1.11%, while the 44681 zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Sugarcreek provides valuable insights into the varying tax landscape across Holmes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sugarcreek Tax Rate
1.11%
Average Holmes County Tax Rate
1.25%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sugarcreek, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44681 | 0.67% | 1.08% | 1.11% | 1.26% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Sugarcreek, Ohio
In Sugarcreek, 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 Holmes 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 Sugarcreek, 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 Sugarcreek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In the zip code 44681, the median tax bill is $3,340, reflecting the range of property values and exemptions available in the area.
Average Sugarcreek Assessed Value
$294,470
Average Holmes County Assessed Value
$211,100
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sugarcreek, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44681 | $104,900 | $194,630 | $294,470 | $446,260 | $770,920 |
Source: Ownwell
Property Tax Bills Across Sugarcreek, Ohio
Property tax bills in Sugarcreek, located in Holmes County, OH, are determined by the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the market value of the home. For instance, if the median home price in Sugarcreek is $294,470, the assessed value would be a fraction of this amount, depending on local assessment practices. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. In Sugarcreek, the tax bills vary significantly, with the 25th percentile at $2,175 and the 75th percentile at $4,776. The 90th percentile tax bill can be as high as $6,016. This variation reflects differences in property values and specific local tax rates within the area. Homeowners in Sugarcreek should be aware that their property tax bills can have a substantial impact on their annual expenses. Compared to the national median property tax rate of 0.99%, Sugarcreek's tax bills are relatively aligned, making it essential for homeowners to stay informed about their property assessments and any changes in local tax rates.
Average Sugarcreek Tax Bill
$3,340
Average Holmes County Tax Bill
$2,534
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Sugarcreek, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44681 | $1,166 | $2,175 | $3,340 | $4,776 | $6,016 |
Source: Ownwell