Scott, Ohio Property Taxes
The median property tax rate in Scott, OH, is 1.12%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value in Scott of $69,400, the typical annual property tax bill amounts to $729, which is significantly below the national median of $2,690. Property taxes in Scott are calculated based on the assessed value, typically lower than the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Scott'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 Scott 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
Scott, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$777
Ownwell’s Scott Property Tax Bill Calculator offers homeowners, real estate investors, and prospective buyers an easy way to estimate their annual property taxes in Scott using just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Scott to provide an estimated property tax bill. This valuable tool helps you grasp your potential tax liabilities. For those interested in neighborhood-level trends, you can find more detailed information further down the page. Your property’s assessed value is determined by the county and is used for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Scott, Ohio
Property taxes in Scott, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Scott is 1.12%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Scott set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scott 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 Scott's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45886 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Scott provides valuable insights into the varying tax landscape across Paulding County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Scott Tax Rate
1.12%
Average Paulding County Tax Rate
1.21%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scott, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45886 | 0.63% | 1.07% | 1.12% | 1.20% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Scott, Ohio
In SCOTT, Ohio, understanding the distinction between "market value" and "assessed value" is essential for grasping property taxes. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the Paulding 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 SCOTT, 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 SCOTT helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 45886 has the highest median tax bill at $729, which highlights the importance of staying informed and proactive in managing property taxes.
Average Scott Assessed Value
$69,400
Average Paulding County Assessed Value
$87,500
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Scott, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45886 | $12,800 | $40,500 | $69,400 | $126,650 | $167,300 |
Source: Ownwell
Property Tax Bills Across Scott, Ohio
In Scott, located in Paulding County, OH, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate set by local authorities. For example, if a home has an assessed value of $69,400, the tax bill can vary significantly depending on the tax rate and any applicable exemptions. Several factors influence the property tax bill, including the property's location, its market value, and any exemptions for which the homeowner qualifies. In Scott, the median property tax bill is $729, which is below the national median property tax rate of 0.99%. Homeowners in the 25th percentile pay around $334, while those in the 75th percentile pay approximately $1,350. The highest tax bills, around the 90th percentile, can reach up to $1,760. These variations can significantly impact homeowners, influencing their overall housing costs and affordability.
Average Scott Tax Bill
$729
Average Paulding County Tax Bill
$1,158
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Scott, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45886 | $173 | $334 | $729 | $1,350 | $1,760 |
Source: Ownwell