Bellefontaine, Ohio Property Taxes
The median property tax rate in Bellefontaine, OH is 1.65%, considerably higher than the national median of 0.99% but slightly lower than the Ohio state median of 1.80%. With the median home value in Bellefontaine at $112,930, the typical annual property tax bill reaches $1,812, which is below the national median of $2,690. Property taxes in Bellefontaine are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bellefontaine'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 Bellefontaine 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
Bellefontaine, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.65%
Estimate Property Tax Bill
$1,863
Ownwell’s Bellefontaine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bellefontaine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bellefontaine 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 Bellefontaine, Ohio
Property taxes in Bellefontaine, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bellefontaine is 1.65%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Bellefontaine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bellefontaine 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 Bellefontaine's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43311 zip code has the highest median property tax rate of 1.65%, while the same zip code also has the lowest median tax rate of 1.65%. Understanding how these cities compare with Bellefontaine provides valuable insights into the varying tax landscape across Logan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bellefontaine Tax Rate
1.65%
Average Logan County Tax Rate
1.65%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bellefontaine, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43311 | 1.32% | 1.57% | 1.65% | 1.72% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Bellefontaine, Ohio
In Bellefontaine, 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 Logan 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 Bellefontaine, 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. For example, the median home price in Bellefontaine is $112,930, with tax bills ranging from $1,123 at the 25th percentile to $3,767 at the 90th percentile. The zip code with the highest median tax bill is 43311, with a median tax bill of $1,812. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bellefontaine Assessed Value
$112,930
Average Logan County Assessed Value
$106,220
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bellefontaine, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43311 | $32,515 | $70,540 | $112,930 | $165,910 | $237,700 |
Source: Ownwell
Property Tax Bills Across Bellefontaine, Ohio
In Bellefontaine, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Various factors influence this value, including the property's size, location, and condition. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Bellefontaine, the median home price stands at $112,930. The property tax rate in Logan County is higher than the national median property tax rate of 0.99%. As a result, homeowners can expect to pay a significant amount in property taxes. For instance, the tax bill at the 25th percentile is $1,123, while at the 75th percentile, it rises to $2,680. The highest median tax bill recorded in the area is $1,812, which is also the lowest, indicating a uniform tax rate across the region. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances accordingly.
Average Bellefontaine Tax Bill
$1,812
Average Logan County Tax Bill
$1,716
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bellefontaine, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43311 | $544 | $1,123 | $1,812 | $2,680 | $3,767 |
Source: Ownwell