Miller City, Ohio Property Taxes
The median property tax rate in Miller City, OH is 1.33%, 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 Miller City, the typical annual property tax bill reaches $989, significantly less than the national median of $2,690. Property taxes in Miller City 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 Miller City'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 Miller City or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Miller City, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$986
Ownwell’s Miller City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Miller City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Miller 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 Miller City, Ohio
Property taxes in Miller City, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Miller City is 1.33%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Miller City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Miller 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 Miller City's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45864 zip code has the highest median property tax rate of 1.33%, while the same zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Miller City provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Miller City Tax Rate
1.33%
Average Putnam County Tax Rate
1.30%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Miller City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45864 | 0.92% | 1.32% | 1.33% | 1.36% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Miller City, Ohio
In Miller 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 Putnam 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 Miller City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills in Miller City is 45864, both at $989.
Average Miller City Assessed Value
$74,140
Average Putnam County Assessed Value
$132,830
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Miller City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45864 | $2,338 | $41,572 | $74,140 | $99,015 | $124,784 |
Source: Ownwell
Property Tax Bills Across Miller City, Ohio
In Miller City, located in Putnam County, OH, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the market value of the home. Homeowners in Miller City can expect property taxes to vary significantly. For instance, the tax bill at the 25th percentile is $663, while at the 75th percentile, it rises to $1308. At the 90th percentile, homeowners might pay as much as $1752 annually. The median home price in Miller City is $74,140, which influences the overall tax bill. Comparatively, the highest median tax bill in the region is $989, found in zip code 45864. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Understanding these factors helps homeowners anticipate their financial responsibilities and the benefits their taxes support.
Average Miller City Tax Bill
$989
Average Putnam County Tax Bill
$1,712
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Miller City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45864 | $196 | $663 | $989 | $1,308 | $1,752 |
Source: Ownwell