South Webster, Ohio Property Taxes
The median property tax rate in South Webster, OH is 1.36%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in South Webster being $66,040, the typical annual property tax bill amounts to $891, falling below the national median of $2,690. Property taxes in South Webster are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding South Webster'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 South Webster 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
South Webster, 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 SOUTH WEBSTER Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SOUTH WEBSTER with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SOUTH WEBSTER 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 South Webster, Ohio
Property taxes in South Webster, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Webster is 1.36%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within South Webster set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Webster 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 South Webster's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45682 zip code has both the highest and lowest median property tax rate of 1.36%. Understanding how these cities compare with South Webster 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 South Webster Tax Rate
1.36%
Average Scioto County Tax Rate
1.59%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Webster, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45682 | 0.83% | 1.21% | 1.36% | 1.62% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across South Webster, Ohio
In South Webster, 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 South Webster, 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 South Webster helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price in South Webster is $66,040. The median tax bill for the 25th percentile is $370, while the 75th percentile sees a median tax bill of $1,501. The highest median tax bill recorded in the area is $891 in the 45682 zip code, which also happens to have the lowest median tax bill at $891.
Average South Webster Assessed Value
$66,040
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 South Webster, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45682 | $13,498 | $30,180 | $66,040 | $114,835 | $176,712 |
Source: Ownwell
Property Tax Bills Across South Webster, Ohio
In South Webster, located in Scioto County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the home's market value, determined by the county assessor. Factors such as property size, location, and improvements are considered in this valuation. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Homeowners in South Webster can expect variations in their property tax bills. For instance, the 25th percentile tax bill is around $370, while the 75th percentile reaches up to $1,501. At the 90th percentile, the tax bill can be as high as $2,355. These figures indicate a range of tax burdens depending on property value and other factors. Comparatively, the median property tax rate in South Webster is below the national median of 0.99%, making it relatively affordable for homeowners. This system ensures that property taxes reflect the value and characteristics of each individual property.
Average South Webster Tax Bill
$891
Average Scioto County Tax Bill
$1,073
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across South Webster, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45682 | $178 | $370 | $891 | $1,501 | $2,355 |
Source: Ownwell