Reedsville, Ohio Property Taxes
The median property tax rate in Reedsville, OH is 1.13%, which is higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $56,810, the typical annual property tax bill in Reedsville amounts to $559, falling significantly below the national median of $2,690. Property taxes in Reedsville are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural land. Understanding Reedsville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Reedsville or another part of Meigs County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Reedsville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$642
Ownwell’s Reedsville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Reedsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reedsville 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 Reedsville, Ohio
Property taxes in Reedsville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Reedsville stands at 1.13%, which is notably higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Reedsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Reedsville 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 Reedsville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45772 zip code has the highest median property tax rate of 1.13%, while the same zip code also has the lowest median tax rate of 1.13%. Understanding how these areas compare with Reedsville provides valuable insights into the varying tax landscape across Meigs County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Reedsville Tax Rate
1.13%
Average Meigs County Tax Rate
1.16%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reedsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45772 | 0.81% | 1.10% | 1.13% | 1.14% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Reedsville, Ohio
In Reedsville, 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 Meigs 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 Reedsville, 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 Reedsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Reedsville is $56,810, with the highest median tax bill at $559 in zip code 45772.
Average Reedsville Assessed Value
$56,810
Average Meigs County Assessed Value
$39,810
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Reedsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45772 | $3,880 | $18,940 | $56,810 | $104,190 | $155,904 |
Source: Ownwell
Property Tax Bills Across Reedsville, Ohio
In Reedsville, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Reedsville, located in Meigs County, OH, the median home price is $56,810. The tax bill for properties in the 25th percentile is approximately $208, while those in the 75th percentile can expect around $1,104. For the top 10% of properties, tax bills can reach up to $1,671. These figures indicate that property taxes can vary significantly depending on the value of the home and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, Reedsville's property taxes can be considered relatively moderate. This variability in tax bills affects homeowners by influencing their annual housing costs, potentially impacting their budget and financial planning.
Average Reedsville Tax Bill
$559
Average Meigs County Tax Bill
$451
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Reedsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45772 | $47 | $208 | $559 | $1,104 | $1,671 |
Source: Ownwell