Bettsville, Ohio Property Taxes
The median property tax rate in Bettsville, OH is 1.50%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Bettsville at $66,745, the typical annual property tax bill amounts to $944, falling below the national median of $2,690. Property taxes in Bettsville are calculated based on the tax assessed value, which often is less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Bettsville'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 Bettsville or another part of Seneca County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bettsville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.5%
Estimate Property Tax Bill
$1,001
Ownwell’s Bettsville Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, or prospective buyers to estimate their annual property taxes in Bettsville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Bettsville to project your property tax bill. This straightforward tool offers a clear understanding of potential tax liabilities. For those interested in more granular data, you can explore trends at the neighborhood level by scrolling down. Your property’s assessed value is determined by the county for tax purposes, considering any applicable exemptions.
Property Tax Rates Across Bettsville, Ohio
Property taxes in Bettsville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bettsville is 1.50%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Bettsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bettsville 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 Bettsville's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 44815 has the highest median property tax rate of 1.50%, while the same zip code also has the lowest median tax rate of 1.50%. Understanding how these areas compare with Bettsville provides valuable insights into the varying tax landscape across Seneca County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bettsville Tax Rate
1.50%
Average Seneca County Tax Rate
1.43%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bettsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44815 | 0.92% | 1.41% | 1.50% | 1.52% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Bettsville, Ohio
In Bettsville, 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 Seneca 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 Bettsville, 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 median home price in Bettsville is $66,745, with tax bills ranging from $730 at the 25th percentile to $1,442 at the 90th percentile. 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 Bettsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bettsville Assessed Value
$66,745
Average Seneca County Assessed Value
$95,080
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bettsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44815 | $41,621 | $54,032 | $66,745 | $78,558 | $102,896 |
Source: Ownwell
Property Tax Bills Across Bettsville, Ohio
In Bettsville, Seneca County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value of the property. The tax rate, or millage rate, is applied to this assessed value to determine the annual property tax bill. For instance, with a median home price of $66,745, homeowners can expect to pay a property tax bill that varies significantly across different percentiles; the 25th percentile tax bill is approximately $730, while the 75th percentile tax bill is around $1,108, and the 90th percentile reaches $1,442. These taxes fund essential local services such as schools, public safety, and infrastructure. Homeowners in Bettsville face a property tax environment that is competitive when compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Bettsville Tax Bill
$944
Average Seneca County Tax Bill
$1,391
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bettsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44815 | $467 | $730 | $944 | $1,108 | $1,442 |
Source: Ownwell