Beallsville, Ohio Property Taxes
The median property tax rate in Beallsville, OH is 1.02%, slightly higher than the national median of 0.99% but significantly lower than the Ohio state median of 1.80%. With a median home value of $71,970 in Beallsville, the typical annual property tax bill amounts to $721, which is considerably less than the national median of $2,690. Property taxes in Beallsville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Beallsville'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 Beallsville or another part of Monroe County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Beallsville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$734
Ownwell’s Beallsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beallsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beallsville 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 Beallsville, Ohio
Property taxes in Beallsville, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Beallsville is 1.02%, which is higher than the U.S. national median of 0.99%. Local government entities within Beallsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beallsville 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 Beallsville's effective property tax rate to other regions and the national median. For comparison, 43716 has the highest median property tax rate of 1.02%, while 43716 also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Beallsville provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beallsville Tax Rate
1.02%
Average Monroe County Tax Rate
1.01%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beallsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43716 | 0.67% | 0.97% | 1.02% | 1.04% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Beallsville, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Beallsville, 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 Monroe 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 Beallsville, 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 instance, the median home price in Beallsville is $71,970, with median tax bills ranging from $250 at the 25th percentile to $1,204 at the 75th percentile and reaching up to $1,788 at the 90th percentile. Notably, the highest and lowest median tax bills are both $721 in the 43716 zip code. 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 Beallsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Beallsville Assessed Value
$71,970
Average Monroe County Assessed Value
$70,885
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beallsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43716 | $6,244 | $25,770 | $71,970 | $128,650 | $211,922 |
Source: Ownwell
Property Tax Bills Across Beallsville, Ohio
In Beallsville, Monroe County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $71,970, homeowners can expect varying tax bills depending on their property's specific assessed value. Factors influencing the tax bill include the property's location, size, and improvements, as well as any applicable exemptions or reductions. The tax bill can range significantly, with the 25th percentile at $250, the 75th percentile at $1,204, and the 90th percentile reaching $1,788. The highest and lowest median tax bills in the area both stand at $721, reflecting a relatively consistent tax environment within the zip code 43716. Homeowners in Beallsville should be aware of these factors, as they directly impact their annual financial obligations. Understanding how these elements interplay can help homeowners better anticipate and manage their property tax expenses.
Average Beallsville Tax Bill
$721
Average Monroe County Tax Bill
$677
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Beallsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43716 | $68 | $250 | $721 | $1,204 | $1,788 |
Source: Ownwell