Orient, Ohio Property Taxes
The median property tax rate in Orient, OH is 1.37%, higher than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value of $214,480 in Orient, the typical annual property tax bill reaches $2,903, surpassing the national median of $2,690. Property taxes in Orient are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Orient'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 Orient or another part of Madison County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Orient, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$2,938
Ownwell’s ORIENT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ORIENT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ORIENT 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 Orient, Ohio
Property taxes in Orient, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Orient is 1.37%, significantly higher than the U.S. national median of 0.99%. Local government entities within Orient set these rates annually, and they can vary significantly across different neighborhoods. Each year, Orient 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 Orient's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43146 zip code has the highest median property tax rate of 1.37%, while the 43146 zip code also has the lowest median tax rate of 1.37%. Understanding how these cities compare with Orient provides valuable insights into the varying tax landscape across Madison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Orient Tax Rate
1.37%
Average Madison County Tax Rate
1.59%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Orient, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43146 | 1.19% | 1.27% | 1.37% | 1.53% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Orient, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Orient, 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 Madison 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 Orient, 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 Orient helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Orient is $214,480, with tax bills ranging from $2,447 at the 25th percentile to $4,584 at the 90th percentile. The zip code 43146 has the highest and lowest median tax bill at $2,903. By proactively managing your property tax assessments, you can better control your financial obligations.
Average Orient Assessed Value
$214,480
Average Madison County Assessed Value
$142,200
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Orient, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43146 | $130,088 | $179,540 | $214,480 | $245,080 | $321,656 |
Source: Ownwell
Property Tax Bills Across Orient, Ohio
In Orient, located in Madison County, OH, 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. Homeowners in Orient can expect a median property tax bill of approximately $2,903. This figure is influenced by various factors, including the property's size, location, and improvements. For instance, the tax bill at the 25th percentile is around $2,447, while at the 75th percentile, it rises to about $3,509. The highest tax bills, at the 90th percentile, can reach up to $4,584. These variations highlight how different factors can significantly impact the final tax amount. Compared to the national median property tax rate of 0.99%, Orient's rates reflect the local economic conditions and funding requirements for public services. Homeowners here need to budget for these annual expenses, which directly affect their overall cost of living and financial planning.
Average Orient Tax Bill
$2,903
Average Madison County Tax Bill
$2,428
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Orient, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43146 | $1,838 | $2,447 | $2,903 | $3,509 | $4,584 |
Source: Ownwell