Kettlersville, Ohio Property Taxes
The median property tax rate in Kettlersville, OH is 2.74%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Kettlersville at $162,830, the typical annual property tax bill reaches $4,467, exceeding the national median of $2,690. Property taxes in Kettlersville 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 Kettlersville'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 Kettlersville 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
Kettlersville, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Kettlersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kettlersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kettlersville 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 Kettlersville, Ohio
Property taxes in Kettlersville, Ohio, are essential for funding critical local services such as public education, infrastructure maintenance, and emergency response services. The median tax rate in Kettlersville is 1.36%, which is significantly higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Kettlersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kettlersville 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 Kettlersville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45336 zip code has the highest median property tax rate of 1.36%, while the same zip code also has the lowest median tax rate of 1.36%. Understanding how these cities compare with Kettlersville provides valuable insights into the varying tax landscape across Shelby County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kettlersville Tax Rate
2.74%
Average Montgomery County Tax Rate
2.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kettlersville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45336 | 2.74% | 2.74% | 2.74% | 2.74% | 2.74% |
Source: Ownwell
Property Tax Assessment Values Across Kettlersville, Ohio
In Kettlersville, 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 Montgomery 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 Kettlersville, 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 Kettlersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 45336, with a value of $4467, which is also the lowest in the area.
Average Kettlersville Assessed Value
$162,830
Average Montgomery County Assessed Value
$98,910
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kettlersville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45336 | $162,830 | $162,830 | $162,830 | $162,830 | $162,830 |
Source: Ownwell
Property Tax Bills Across Kettlersville, Ohio
In Kettlersville, located in Montgomery County, OH, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The median home price in Kettlersville stands at $162,830. The tax rate is then applied to this assessed value to determine the annual property tax bill. Factors such as property size, location, and any improvements or modifications can influence the assessed value, thereby affecting the tax bill. For homeowners in Kettlersville, the property tax bill significantly impacts their annual expenses. The tax bills in this region, with a consistent median of $4,467, are notably higher than the national median property tax rate of 0.99%. This higher tax burden can influence decisions regarding homeownership, property investments, and even the local real estate market. Understanding how these taxes are calculated and their implications is crucial for homeowners planning their finances and long-term investments.
Average Kettlersville Tax Bill
$4,467
Average Montgomery County Tax Bill
$2,435
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Kettlersville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45336 | $4,467 | $4,467 | $4,467 | $4,467 | $4,467 |
Source: Ownwell