Stoutsville, Ohio Property Taxes
The median property tax rate in Stoutsville, OH is 1.28%, considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Stoutsville at $218,540, the typical annual property tax bill reaches $2,551, slightly below the national median of $2,690. Property taxes in Stoutsville 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 Stoutsville'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 Stoutsville 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
Stoutsville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$2,797
Ownwell’s Stoutsville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Stoutsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Stoutsville to provide an estimated property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by Pickaway County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Stoutsville, Ohio
Property taxes in Stoutsville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stoutsville is 1.28%, higher than the U.S. national median of 0.99%. Local government entities within Stoutsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stoutsville 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 Stoutsville's effective property tax rate to other areas in Pickaway County and the national median. For comparison, the 43154 zip code has both the highest and lowest median property tax rate of 1.28%. Understanding how these areas compare with Stoutsville provides valuable insights into the varying tax landscape across Pickaway County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stoutsville Tax Rate
1.28%
Average Pickaway County Tax Rate
1.37%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stoutsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43154 | 0.41% | 1.06% | 1.28% | 1.30% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Stoutsville, Ohio
In Stoutsville, 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 Pickaway 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 Stoutsville, 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 Stoutsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $2,551 in the 43154 zip code.
Average Stoutsville Assessed Value
$218,540
Average Pickaway County Assessed Value
$169,880
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stoutsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43154 | $119,874 | $163,830 | $218,540 | $287,470 | $427,724 |
Source: Ownwell
Property Tax Bills Across Stoutsville, Ohio
In Stoutsville, 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 a percentage of the property's market value. For example, with a median home price of $218,540, the assessed value would be a fraction of this amount, subject to local assessment rates. Once the assessed value is established, the property tax rate is applied. In Pickaway County, the median property tax bill is $2,551, which is significantly higher than the national median property tax rate of 0.99%. This indicates that homeowners in Stoutsville may face relatively higher property tax burdens compared to other regions. Tax bills can vary significantly within the city. At the 25th percentile, homeowners might pay around $1,704, while those at the 75th percentile could see bills as high as $3,380. For the top 10% of properties, tax bills can reach up to $4,147. These variations depend on the property's assessed value and the local tax rate, impacting homeowners' annual expenses.
Average Stoutsville Tax Bill
$2,551
Average Pickaway County Tax Bill
$2,168
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Stoutsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43154 | $930 | $1,704 | $2,551 | $3,380 | $4,147 |
Source: Ownwell