Haverhill, Ohio Property Taxes
The median property tax rate in Haverhill, OH is 1.54%, 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 Haverhill at $166,945, the typical annual property tax bill reaches $2,569, slightly below the national median of $2,690. Property taxes in Haverhill 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 Haverhill'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 Haverhill 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
Haverhill, 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 Haverhill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Haverhill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Haverhill 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 Haverhill, Ohio
Property taxes in Haverhill, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Haverhill is 1.54%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Haverhill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Haverhill 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 Haverhill's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45636 zip code has the highest median property tax rate of 1.54%, while the same zip code also has the lowest median tax rate of 1.54%. Understanding how these cities compare with Haverhill 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 Haverhill Tax Rate
1.54%
Average Scioto County Tax Rate
1.59%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Haverhill, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45636 | 1.44% | 1.48% | 1.54% | 1.61% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Haverhill, Ohio
In Haverhill, 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 Haverhill, 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 Haverhill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Zip code 45636 has the highest and lowest median tax bill at $2,569, reflecting the consistent property values in the area.
Average Haverhill Assessed Value
$166,945
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 Haverhill, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45636 | $164,269 | $165,272 | $166,945 | $168,618 | $169,621 |
Source: Ownwell
Property Tax Bills Across Haverhill, Ohio
In Haverhill, Scioto County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. Key factors influencing the tax bill include the market value of the property, local tax rates, and any applicable exemptions or deductions. For homeowners in Haverhill, the property tax burden can vary significantly. The 25th percentile tax bill stands at $2,488, while the 75th percentile reaches $2,650, and the 90th percentile goes up to $2,699. These figures indicate a relatively narrow range of tax bills, suggesting a level of consistency in assessed property values and local tax rates. Comparatively, the national median property tax rate is 0.99%, highlighting how Haverhill's property tax rates fit within the broader context. Homeowners need to be aware of these factors as they can significantly impact the affordability and overall cost of homeownership in the area.
Average Haverhill Tax Bill
$2,569
Average Scioto County Tax Bill
$1,073
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Haverhill, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45636 | $2,440 | $2,488 | $2,569 | $2,650 | $2,699 |
Source: Ownwell