Seaman, Ohio Property Taxes
The median property tax rate in Seaman, OH is 1.45%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $70,800 in Seaman, the typical annual property tax bill is $992, which is below the national median of $2,690. Property taxes in Seaman are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Seaman'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 Seaman or another part of Adams County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Seaman, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$1,027
Ownwell’s Seaman Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Seaman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Seaman to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. If you’re interested in seeing trends at a neighborhood level, scroll down for more localized information. Your property’s assessed value is the value assigned by Adams County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Seaman, Ohio
Property taxes in Seaman, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Seaman is 1.45%, which is higher than the U.S. national median of 0.99%. Local government entities within Seaman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seaman 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 Seaman's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 45679 has the highest median property tax rate of 1.45%, while the same zip code also has the lowest median tax rate of 1.45%. Understanding how these rates compare with Seaman provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Seaman Tax Rate
1.45%
Average Adams County Tax Rate
1.44%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seaman, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45679 | 0.64% | 1.03% | 1.45% | 1.73% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Seaman, Ohio
In Seaman, 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 Adams 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 Seaman, 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 Seaman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Seaman is $70,800, with tax bills ranging from $472 at the 25th percentile to $2,542 at the 90th percentile. Notably, the zip code 45679 has the highest median tax bill at $992, which also represents the lowest median tax bill in the area.
Average Seaman Assessed Value
$70,800
Average Adams County Assessed Value
$61,700
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Seaman, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45679 | $14,260 | $31,850 | $70,800 | $144,775 | $295,990 |
Source: Ownwell
Property Tax Bills Across Seaman, Ohio
In Seaman, located in Adams County, OH, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is derived from a percentage of the market value, which is periodically evaluated by county assessors. Homeowners in Seaman experience a range of property tax bills, with the 25th percentile at $472 and the 75th percentile at $1,781. For those in the 90th percentile, the tax bill can reach up to $2,542. Comparatively, the median property tax rate in Seaman is 0.99%, which is aligned with the national median rate. This means that homeowners in Seaman are paying property taxes that are on par with the national average. However, the exact amount can vary significantly based on the specific assessed value of each property. This system ensures that property taxes are proportionate to the value of one's home, impacting homeowners differently depending on their property's worth.
Average Seaman Tax Bill
$992
Average Adams County Tax Bill
$833
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Seaman, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45679 | $197 | $472 | $992 | $1,781 | $2,542 |
Source: Ownwell