Buchtel, Ohio Property Taxes
The median property tax rate in Buchtel, OH is 2.00%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Buchtel at $39,495, the typical annual property tax bill reaches $700, which is below the national median of $2,690. Property taxes in Buchtel are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Buchtel'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 Buchtel 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
Buchtel, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2%
Estimate Property Tax Bill
$790
Ownwell’s Buchtel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Buchtel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Buchtel 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 Buchtel, Ohio
Property taxes in Buchtel, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Buchtel is 2.00%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Buchtel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Buchtel 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 Buchtel's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45716 zip code has the highest median property tax rate of 2.00%, while the 45716 zip code also has the lowest median tax rate of 2.00%. Understanding how these cities compare with Buchtel provides valuable insights into the varying tax landscape across Athens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Buchtel Tax Rate
2.00%
Average Athens County Tax Rate
1.77%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Buchtel, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45716 | 1.09% | 1.98% | 2.00% | 2.02% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across Buchtel, Ohio
In Buchtel, 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 Athens 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 Buchtel, 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 Buchtel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 45716 has the highest median tax bill at $700, which is also the lowest, offering a unique consistency in property tax expectations.
Average Buchtel Assessed Value
$39,495
Average Athens County Assessed Value
$88,765
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Buchtel, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45716 | $4,329 | $7,988 | $39,495 | $66,665 | $108,404 |
Source: Ownwell
Property Tax Bills Across Buchtel, Ohio
In Buchtel, located in Athens County, OH, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Factors influencing the tax bill include the property's location, size, and any applicable exemptions or deductions. Homeowners in Buchtel face varying tax bills, with the 25th percentile at $130 and the 75th percentile reaching $1,170. At the high end, the 90th percentile sees tax bills up to $2,053. The median home price in Buchtel is $39,495, which is significantly lower than the national median property tax rate of 0.99%. This difference can lead to relatively lower tax burdens for Buchtel residents compared to other regions. Understanding these factors helps homeowners anticipate their property tax obligations and plan their finances accordingly.
Average Buchtel Tax Bill
$700
Average Athens County Tax Bill
$1,453
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Buchtel, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45716 | $71 | $130 | $700 | $1,170 | $2,053 |
Source: Ownwell