Rarden, Ohio Property Taxes
The median property tax rate in Rarden, OH is 1.57%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $41,580 in Rarden, the typical annual property tax bill amounts to $608, which is significantly below the national median of $2,690. Property taxes in Rarden are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Rarden'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 Rarden or another part of Scioto County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rarden, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$653
Ownwell’s Rarden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rarden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rarden 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 Rarden, Ohio
Property taxes in Rarden, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rarden is 1.57%, significantly higher than both the Ohio state median of 1.41% and the U.S. national median of 0.99%. Local government entities within Rarden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rarden 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 Rarden's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45671 zip code has the highest median property tax rate of 1.57%, while the same 45671 zip code also has the lowest median tax rate of 1.57%. Understanding how these cities compare with Rarden 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 Rarden Tax Rate
1.57%
Average Scioto County Tax Rate
1.59%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rarden, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45671 | 0.81% | 1.54% | 1.57% | 1.67% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Rarden, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rarden, Ohio. 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 Rarden, 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. For instance, the zip code 45671 has the highest median tax bill at $608. 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 Rarden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rarden Assessed Value
$41,580
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 Rarden, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45671 | $5,596 | $22,520 | $41,580 | $70,450 | $121,362 |
Source: Ownwell
Property Tax Bills Across Rarden, Ohio
Property tax bills in Rarden, located in Scioto County, OH, are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. In Rarden, homeowners can expect a median home price of $41,580. Property tax bills vary significantly, with the 25th percentile at $283 and the 75th percentile at $966, reflecting differences in property values and applicable exemptions. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. For instance, the highest median tax bill in the area is $608, found in the 45671 zip code. These taxes are crucial for funding local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Rarden's rates offer a relatively affordable option for homeowners, though the exact impact varies based on individual property assessments.
Average Rarden Tax Bill
$608
Average Scioto County Tax Bill
$1,073
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Rarden, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45671 | $82 | $283 | $608 | $966 | $1,590 |
Source: Ownwell