Beverly, Ohio Property Taxes
The median property tax rate in Beverly, OH is 1.95%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Beverly at $50,700, the typical annual property tax bill reaches $1,014, exceeding the national median of $2,690. Property taxes in Beverly 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 Beverly'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 Beverly 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
Beverly, 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 Beverly Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beverly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beverly 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 Beverly, Ohio
Property taxes in Beverly, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beverly is 1.95%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Beverly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beverly 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 Beverly's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45715 has the highest median property tax rate of 1.95%, while the same zip code also has the lowest median tax rate of 1.95%. Understanding how these cities compare with Beverly provides valuable insights into the varying tax landscape across Noble County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beverly Tax Rate
1.95%
Average Noble County Tax Rate
1.86%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beverly, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45715 | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% |
Source: Ownwell
Property Tax Assessment Values Across Beverly, Ohio
In Beverly, 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 Noble 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. 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 Beverly helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 45715 in Beverly has the highest median tax bill of $1,014, which is significantly higher than the national median property tax rate of 0.99%.
Average Beverly Assessed Value
$50,700
Average Noble County Assessed Value
$69,955
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beverly, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45715 | $15,471 | $22,310 | $50,700 | $102,390 | $143,194 |
Source: Ownwell
Property Tax Bills Across Beverly, Ohio
In Beverly, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by the Noble County Assessor's Office. The assessed value typically represents a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition, as well as recent sales of similar properties in the area. In Beverly, homeowners can expect property tax bills to vary widely. For instance, the tax bill at the 25th percentile is around $460, while at the 75th percentile, it reaches approximately $1,998. At the 90th percentile, the tax bill can be as high as $2,810. These property tax bills significantly impact homeowners by contributing to the overall cost of homeownership. Comparing this to the national median property tax rate of 0.99%, Beverly's property tax rates can be relatively moderate, providing some relief to homeowners.
Average Beverly Tax Bill
$1,014
Average Noble County Tax Bill
$1,279
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Beverly, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45715 | $320 | $460 | $1,014 | $1,998 | $2,810 |
Source: Ownwell