Kitts Hill, Ohio Property Taxes
The median property tax rate in Kitts Hill, OH is 1.00%, just above the national median of 0.99% but significantly lower than Ohio's state median of 1.80%. With a median home value of $80,645, the typical annual property tax bill in Kitts Hill is $737, which is well below the national median of $2,690. Property taxes in Kitts Hill are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Kitts Hill's property tax system and exploring available exemptions can lead to substantial annual savings. Whether you reside in Kitts Hill or another part of Lawrence County, gaining insights into the local property tax structure will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kitts Hill, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1%
Estimate Property Tax Bill
$806
Ownwell’s Kitts Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kitts Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kitts Hill 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 Kitts Hill, Ohio
Property taxes in Kitts Hill, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kitts Hill is 1.00%, which is higher than the national median of 0.99%. Local government entities within Kitts Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kitts Hill 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 Kitts Hill's effective property tax rate to other areas and the national median. For comparison, the 45645 zip code has the highest median property tax rate of 1.00%, while the same zip code also has the lowest median tax rate of 1.00%. Understanding how these areas compare with Kitts Hill provides valuable insights into the varying tax landscape across Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kitts Hill Tax Rate
1.00%
Average Lawrence County Tax Rate
1.02%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kitts Hill, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45645 | 0.73% | 0.98% | 1.00% | 1.03% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Kitts Hill, Ohio
In KITTS HILL, 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 Lawrence 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 KITTS HILL, 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 KITTS HILL helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $80,645, with tax bills ranging from $282 at the 25th percentile to $1,815 at the 90th percentile. The zip code 45645 has both the highest and lowest median tax bill at $737.
Average Kitts Hill Assessed Value
$80,645
Average Lawrence County Assessed Value
$85,530
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kitts Hill, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45645 | $12,299 | $27,970 | $80,645 | $129,885 | $184,193 |
Source: Ownwell
Property Tax Bills Across Kitts Hill, Ohio
In Kitts Hill, located in Lawrence County, OH, property tax bills are determined by assessing the value of a home and applying the local tax rate. The median home price in Kitts Hill is $80,645. Property taxes are calculated based on the assessed value of the property, which is then multiplied by the local tax rate. This process ensures that homeowners pay a fair share relative to their property's value. Several factors influence the final tax bill, including the property's assessed value, any applicable exemptions, and the specific tax rate set by local authorities. For example, the 25th percentile of tax bills in this area is $282, while the 75th percentile reaches $1,236. The highest median tax bill recorded is $737, which is significantly lower than the national median property tax rate of 0.99%. For homeowners, understanding these factors is crucial as they directly impact annual financial obligations. Accurate assessments and awareness of potential exemptions can help manage and potentially reduce the overall tax burden.
Average Kitts Hill Tax Bill
$737
Average Lawrence County Tax Bill
$879
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Kitts Hill, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45645 | $111 | $282 | $737 | $1,236 | $1,815 |
Source: Ownwell