Sherrodsville, Ohio Property Taxes
The median property tax rate in Sherrodsville, OH is 1.43%, 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 Sherrodsville at $140,900, the typical annual property tax bill reaches $1,735, significantly below the national median of $2,690. Property taxes in Sherrodsville are calculated based on the tax assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Sherrodsville'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 Sherrodsville or another part of Tuscarawas County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sherrodsville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.43%
Estimate Property Tax Bill
$2,015
Ownwell’s Sherrodsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sherrodsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sherrodsville 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 Sherrodsville, Ohio
Property taxes in Sherrodsville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sherrodsville is 1.43%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Sherrodsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sherrodsville 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 Sherrodsville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44675 zip code has the highest median property tax rate of 1.43%, while the same zip code also has the lowest median tax rate of 1.43%. Understanding how these cities compare with Sherrodsville provides valuable insights into the varying tax landscape across Tuscarawas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sherrodsville Tax Rate
1.43%
Average Tuscarawas County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sherrodsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44675 | 1.04% | 1.06% | 1.43% | 1.46% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Sherrodsville, Ohio
In Sherrodsville, 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 Tuscarawas 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 Sherrodsville, 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 Sherrodsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 44675, with a tax bill of $1,735.00, while the zip code with the lowest median tax bill is also 44675, sharing the same value.
Average Sherrodsville Assessed Value
$140,900
Average Tuscarawas County Assessed Value
$122,160
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sherrodsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44675 | $26,668 | $73,710 | $140,900 | $180,295 | $271,072 |
Source: Ownwell
Property Tax Bills Across Sherrodsville, Ohio
In Sherrodsville, located in Tuscarawas County, OH, property tax bills are determined based on the assessed value of a home. The assessed value is a percentage of the home's market value, which is then multiplied by the local tax rate. For example, with a median home price of $140,900, homeowners can expect varying tax bills depending on their property's specific assessed value and applicable exemptions. Several factors influence the final tax bill, including the property's location within the county, any applicable exemptions, and the specific tax rate set by local authorities. In Sherrodsville, tax bills can range significantly. At the 25th percentile, homeowners might pay around $1,045, while those at the 75th percentile could see bills as high as $2,344. The 90th percentile can reach up to $3,454. Understanding these factors is crucial for homeowners as property taxes directly impact their annual expenses. Comparing these figures to the national median property tax rate of 0.99% provides additional context for evaluating the local tax burden.
Average Sherrodsville Tax Bill
$1,735
Average Tuscarawas County Tax Bill
$1,645
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Sherrodsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44675 | $489 | $1,045 | $1,735 | $2,344 | $3,454 |
Source: Ownwell