Washington Court House, Ohio Property Taxes
The median property tax rate in Washington Court House, OH is 1.17%, higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Washington Court House at $164,550, the typical annual property tax bill amounts to $1,860, which is below the national median of $2,690. Property taxes in Washington Court House are determined based on the tax assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding the local property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Washington Court House or another part of the city, grasping the intricacies of the property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Washington Court House, 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 Washington Court House Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Washington Court House with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Washington Court House to provide an accurate property tax bill estimate. This valuable tool helps you understand potential tax liabilities, allowing for better financial planning. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Washington Court House, Ohio
Property taxes in Washington Court House, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Washington Court House is 1.17%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Washington Court House set these rates annually, and they can vary significantly across different neighborhoods. Each year, Washington Court House 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 Washington Court House's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43160 zip code has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Washington Court House provides valuable insights into the varying tax landscape across Ross County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Washington Court House Tax Rate
1.17%
Average Ross County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Washington Court House, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43160 | 0.76% | 1.03% | 1.17% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Washington Court House, Ohio
In Washington Court House, 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 local 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 in Washington Court House 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 Washington Court House helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Washington Court House is $164,550, with tax bills ranging from $898 at the 25th percentile to $4,413 at the 90th percentile. The highest and lowest median tax bills are both $1,860 in zip code 43160.
Property Tax Assessment Values Across Washington Court House, Ohio
Source: Ownwell
$37,830
$170,080
$302,330
Average Washington Court House Assessed Value
$164,550
Average Ross County Assessed Value
$96,810
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Washington Court House, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43160 | $27,463 | $81,590 | $164,550 | $264,120 | $528,056 |
Source: Ownwell
Property Tax Bills Across Washington Court House, Ohio
In WASHINGTON COURT HOUSE, property tax bills are calculated based on the assessed value of a property, which is determined by the local county assessor in Ross County. The assessed value typically represents a percentage of the property's market value. Homeowners in this area can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $898 and the 75th percentile reaching up to $2,967. The highest median tax bill recorded in the region is $1,860, which is notably lower than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. These taxes are crucial for funding local services such as schools, infrastructure, and emergency services. For homeowners, understanding these factors is essential for financial planning and managing annual expenses. High property taxes can impact affordability, while lower taxes can make homeownership more accessible.
Average Washington Court House Tax Bill
$1,860
Average Ross County Tax Bill
$1,236
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Washington Court House, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43160 | $366 | $898 | $1,860 | $2,967 | $4,413 |
Source: Ownwell