Hayesville, Ohio Property Taxes
The median property tax rate in Hayesville, OH is 1.48%, which is considerably higher than the national median of 0.99% yet lower than the Ohio state median of 1.80%. With the median home value in Hayesville at $82,075, the typical annual property tax bill reaches $1,188, falling below the national median of $2,690. Property taxes in Hayesville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Hayesville'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 Hayesville 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
Hayesville, 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 Hayesville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Hayesville using just two key data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Hayesville to provide an estimate of your property tax bill. This valuable tool helps you comprehend potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available as you scroll down. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Hayesville, Ohio
Property taxes in Hayesville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hayesville is 1.48%, which is higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Hayesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hayesville 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 Hayesville's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 44838 has the highest median property tax rate of 1.48%, while the same zip code also has the lowest median tax rate of 1.48%. Understanding how these areas compare with Hayesville provides valuable insights into the varying tax landscape across Ashland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hayesville Tax Rate
1.48%
Average Ashland County Tax Rate
1.52%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hayesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44838 | 1.09% | 1.47% | 1.48% | 1.51% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Hayesville, Ohio
In Hayesville, 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 Ashland 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 Hayesville, 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. The median home price in Hayesville is $82,075, with tax bills ranging from $703 at the 25th percentile to $2,183 at the 90th percentile. The highest median tax bill in the area is $1,188, found in zip code 44838, which also has the lowest median tax bill. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hayesville Assessed Value
$82,075
Average Ashland County Assessed Value
$108,690
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hayesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44838 | $15,292 | $57,208 | $82,075 | $116,195 | $148,469 |
Source: Ownwell
Property Tax Bills Across Hayesville, Ohio
In Hayesville, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Hayesville, located in Ashland County, face property tax bills that vary significantly. The 25th percentile of tax bills is around $703, while the 75th percentile reaches approximately $1,532. At the higher end, the 90th percentile tax bill can be as much as $2,183. These tax bills are influenced by factors such as the property's location, size, and condition, as well as the local tax rate. With the national median property tax rate at 0.99%, homeowners in Hayesville can compare their tax obligations to the broader national context to understand their relative tax burden. For instance, the highest median tax bill in the area is $1,188, which can help homeowners gauge their expenses against local and national benchmarks. Understanding these factors can help homeowners better manage their finances and anticipate annual tax liabilities.
Average Hayesville Tax Bill
$1,188
Average Ashland County Tax Bill
$1,522
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Hayesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44838 | $224 | $703 | $1,188 | $1,532 | $2,183 |
Source: Ownwell