Friendship, Ohio Property Taxes
The median property tax rate in Friendship, OH is 1.66%, which is notably higher than the national median of 0.99% yet lower than Ohio's state median of 1.80%. With a median home value of $55,500 in Friendship, the typical annual property tax bill is around $817, which is below the national median of $2,690. Property taxes in Friendship are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Friendship'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 Friendship or another part of Scioto County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Friendship, 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 Friendship Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Friendship with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Friendship 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 Friendship, Ohio
Property taxes in Friendship, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Friendship is 1.66%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Friendship set these rates annually, and they can vary significantly across different neighborhoods. Each year, Friendship 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 Friendship's effective property tax rate to other areas in Ohio and the national median. For comparison, the ZIP code 45630 has both the highest and lowest median property tax rate of 1.66%. Understanding how these areas compare with Friendship provides valuable insights into the varying tax landscape across Scioto County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Friendship Tax Rate
1.66%
Average Scioto County Tax Rate
1.59%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Friendship, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45630 | 0.97% | 1.65% | 1.66% | 1.70% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Friendship, Ohio
In Friendship, 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 Scioto 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 Friendship, 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. The zip code with the highest median tax bill is 45630, with a value of $817. Being aware of these valuation processes in Friendship helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Friendship Assessed Value
$55,500
Average Scioto County Assessed Value
$71,410
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Friendship, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45630 | $9,144 | $35,910 | $55,500 | $76,880 | $131,834 |
Source: Ownwell
Property Tax Bills Across Friendship, Ohio
In Friendship, located in Scioto County, OH, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The median home price in the area is $55,500. The tax rate in Scioto County is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. Homeowners in Friendship can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $504, while those at the 75th percentile pay approximately $1,261. For homeowners at the 90th percentile, the tax bill can reach up to $1,929. These figures highlight the range of property tax burdens within the community. Compared to the national median property tax rate of 0.99%, the tax rates in Friendship reflect the local economic conditions and public service funding requirements. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Friendship Tax Bill
$817
Average Scioto County Tax Bill
$1,073
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Friendship, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45630 | $156 | $504 | $817 | $1,261 | $1,929 |
Source: Ownwell