Yorkville, Ohio Property Taxes
The median property tax rate in Yorkville, OH is 2.32%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With a median home value of $58,755 in Yorkville, the typical annual property tax bill reaches $1,357, surpassing the national median of $2,690. Property taxes in Yorkville are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Yorkville'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 Yorkville or another part of Jefferson County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Yorkville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.32%
Estimate Property Tax Bill
$1,363
Ownwell’s Yorkville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yorkville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yorkville 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 Yorkville, Ohio
Property taxes in Yorkville, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yorkville is 1.43%, higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Yorkville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yorkville 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 Yorkville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43971 zip code has the highest median property tax rate of 1.43%, while the same zip code also has the lowest median tax rate of 1.43%. Understanding how these cities compare with Yorkville provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Yorkville Tax Rate
2.32%
Average Jefferson County Tax Rate
2.19%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yorkville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43971 | 1.71% | 2.32% | 2.32% | 2.32% | 2.32% |
Source: Ownwell
Property Tax Assessment Values Across Yorkville, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Yorkville, 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 Jefferson County Auditor 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 Yorkville, 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. The highest median tax bill in Yorkville is $1,357, found in the 43971 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Yorkville Assessed Value
$58,755
Average Jefferson County Assessed Value
$67,215
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Yorkville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43971 | $15,041 | $42,348 | $58,755 | $82,160 | $115,460 |
Source: Ownwell
Property Tax Bills Across Yorkville, Ohio
In Yorkville, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, and subsequently, the tax bill. For homeowners in Yorkville, the median home price stands at $58,755. Property tax bills can vary significantly, with the 25th percentile tax bill at $940 and the 75th percentile reaching $1,862. The 90th percentile tax bill can go as high as $2,641. Compared to the national median property tax rate of 0.99%, homeowners in Yorkville may find their tax bills to be relatively moderate. For instance, in the zip code 43971 within Jefferson County, the highest median tax bill is $1,357. These tax obligations can impact homeowners' budgets, influencing decisions on property investments and home improvements.
Average Yorkville Tax Bill
$1,357
Average Jefferson County Tax Bill
$1,517
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Yorkville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43971 | $326 | $940 | $1,357 | $1,862 | $2,641 |
Source: Ownwell