Savannah, Ohio Property Taxes
The median property tax rate in Savannah, Ohio is 1.45%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Savannah at $73,670, the typical annual property tax bill amounts to $1,041, which is below the national median of $2,690. Property taxes in Savannah are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Savannah'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 Savannah 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
Savannah, 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 Savannah Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Savannah with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Savannah 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 Savannah, Ohio
Property taxes in Savannah, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Savannah is 1.45%, significantly higher than the U.S. national median of 0.99%. Local government entities within Savannah set these rates annually, and they can vary significantly across different neighborhoods. Each year, Savannah 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 Savannah's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44874 zip code 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 cities compare with Savannah 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 Savannah Tax Rate
1.45%
Average Ashland County Tax Rate
1.52%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Savannah, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44874 | 1.01% | 1.45% | 1.45% | 1.48% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Savannah, Ohio
In Savannah, 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 Savannah, 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. For example, the median home price in Savannah is $73,670. The 25th percentile tax bill is $715, while the 75th percentile tax bill is $1,398. The highest median tax bill in the area is $1,041 in the zip code 44874. Being aware of these valuation processes in Savannah helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Savannah Assessed Value
$73,670
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 Savannah, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44874 | $11,632 | $56,560 | $73,670 | $88,800 | $112,086 |
Source: Ownwell
Property Tax Bills Across Savannah, Ohio
In Savannah, located in Ashland 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 then multiplied by the local property tax rate to determine the annual tax bill. The median home price in Savannah is $73,670, and the property tax rate in Ashland County is aligned with the national median rate of 0.99%. Several factors influence the final tax bill, including the property's market value, local government budgets, and any applicable exemptions or deductions. Homeowners in Savannah can expect their tax bills to vary, with the 25th percentile at $715, the 75th percentile at $1,398, and the 90th percentile reaching up to $1,838. Understanding these calculations is crucial for homeowners as property taxes can significantly impact annual expenses. Accurate assessments and knowledge of possible exemptions can help in managing and potentially reducing these costs.
Average Savannah Tax Bill
$1,041
Average Ashland County Tax Bill
$1,522
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Savannah, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44874 | $173 | $715 | $1,041 | $1,398 | $1,838 |
Source: Ownwell