Pleasant City, Ohio Property Taxes
The median property tax rate in Pleasant City, OH is 1.70%, which is significantly higher than the national median of 0.99% but slightly lower than the Ohio state median of 1.80%. With a median home value of $72,850, the typical annual property tax bill in Pleasant City amounts to $1,192, falling below the national median of $2,690. Property taxes here are assessed based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Pleasant City'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 Pleasant City or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pleasant City, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.7%
Estimate Property Tax Bill
$1,238
Ownwell’s Pleasant City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pleasant City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pleasant City 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 Pleasant City, Ohio
Property taxes in Pleasant City, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pleasant City stands at 1.70%, which is significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Pleasant City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pleasant City 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 Pleasant City's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43772 has the highest median property tax rate of 1.70%, while the same zip code also has the lowest median tax rate of 1.70%. Understanding how these cities compare with Pleasant City 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 Pleasant City Tax Rate
1.70%
Average Noble County Tax Rate
1.86%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pleasant City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43772 | 1.63% | 1.70% | 1.70% | 1.70% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Pleasant City, Ohio
In Pleasant City, 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 Pleasant City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Pleasant City is $72,850. The highest median tax bill is $1,192, found in the 43772 zip code, while the lowest median tax bill is also $1,192 in the same zip code.
Average Pleasant City Assessed Value
$72,850
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 Pleasant City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43772 | $23,018 | $43,000 | $72,850 | $109,590 | $162,162 |
Source: Ownwell
Property Tax Bills Across Pleasant City, Ohio
In Pleasant City, Noble County, OH, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and is a percentage of the property's market value. Various factors, including the property's location, size, and condition, are considered in this assessment. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Pleasant City, the median home price is $72,850, resulting in a range of property tax bills. The 25th percentile tax bill stands at $731, while the 75th percentile reaches $1,856. At the 90th percentile, homeowners may see tax bills as high as $2,726. The highest median tax bill in the area is $1,192, which is the same across all zip codes in Noble County. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Homeowners should be aware of these factors as they can significantly influence their annual financial planning.
Average Pleasant City Tax Bill
$1,192
Average Noble County Tax Bill
$1,279
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Pleasant City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43772 | $391 | $731 | $1,192 | $1,856 | $2,726 |
Source: Ownwell