Graysville, Ohio Property Taxes
The median property tax rate in Graysville, 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 Graysville, the typical annual property tax bill amounts to $289, which is significantly below the national median of $2,690. Property taxes in Graysville are calculated based on the assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Graysville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Graysville or another part of Washington County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Graysville, 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 Graysville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Graysville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Graysville 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 Graysville, Ohio
Property taxes in Graysville, Ohio, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Graysville is 1.50%, significantly higher than the U.S. national median of 0.99%. Local government entities within Graysville set these rates annually, and they can vary across different neighborhoods. Each year, Graysville 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 Graysville's effective property tax rate to other areas in Ohio and the national median. For comparison, the 45734 zip code 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 Graysville provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Graysville Tax Rate
1.50%
Average Washington County Tax Rate
1.22%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Graysville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45734 | 1.14% | 1.28% | 1.50% | 1.72% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across Graysville, Ohio
In Graysville, 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 Washington 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 Graysville, 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 Graysville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both found in the 45734 zip code, with a median tax bill of $289.
Average Graysville Assessed Value
$26,475
Average Washington County Assessed Value
$106,255
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Graysville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45734 | $6,975 | $14,288 | $26,475 | $38,662 | $45,975 |
Source: Ownwell
Property Tax Bills Across Graysville, Ohio
In Graysville, Washington County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $26,475, homeowners can expect varying tax bills depending on their property's specific assessed value and applicable exemptions. Factors such as the home's location within the county, any applicable exemptions, and the overall tax rate contribute to the final tax bill. In Graysville, property tax bills can range from $165 at the 25th percentile to $487 at the 90th percentile, reflecting the diverse range of home values and tax rates within the area. These property taxes significantly impact homeowners by influencing their annual financial obligations and potentially affecting their disposable income. Understanding how these taxes are calculated helps homeowners plan better and make informed decisions regarding their property investments.
Average Graysville Tax Bill
$289
Average Washington County Tax Bill
$1,235
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Graysville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45734 | $90 | $165 | $289 | $413 | $487 |
Source: Ownwell