Alledonia, Ohio Property Taxes
The median property tax rate in Alledonia, OH is 1.13%, slightly higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With the median home value in Alledonia at $58,310, the typical annual property tax bill reaches $606, which is significantly below the national median of $2,690. Property taxes in Alledonia are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Alledonia'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 Alledonia or another part of Belmont County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alledonia, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$659
Ownwell’s Alledonia Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in Alledonia. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Alledonia to give you a clear estimate of your property tax bill. This tool provides valuable insights into potential tax liabilities, helping you plan better. For those interested in more granular details, scroll down to explore trends at the neighborhood level. Your property’s assessed value, determined by Belmont County, is crucial for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Alledonia, Ohio
Property taxes in Alledonia, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alledonia is 1.13%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Alledonia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alledonia 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 Alledonia's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43902 zip code has the highest median property tax rate of 1.13%, while the same zip code also has the lowest median tax rate of 1.13%. Understanding how these cities compare with Alledonia provides valuable insights into the varying tax landscape across Belmont County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alledonia Tax Rate
1.13%
Average Belmont County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alledonia, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43902 | 0.78% | 1.11% | 1.13% | 1.14% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Alledonia, Ohio
In Alledonia, 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 Belmont County Auditor 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 Alledonia, 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. The zip code with the highest and lowest median tax bill is 43902, both standing at $606. Being aware of these valuation processes in Alledonia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Alledonia Assessed Value
$58,310
Average Belmont County Assessed Value
$74,065
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alledonia, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43902 | $12,664 | $25,640 | $58,310 | $101,230 | $128,740 |
Source: Ownwell
Property Tax Bills Across Alledonia, Ohio
In Alledonia, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate set by Belmont County to calculate the annual tax bill. For instance, with a median home price of $58,310, homeowners can expect varying tax bills depending on the specific assessed value and applicable exemptions. Factors such as property improvements, neighborhood changes, and local government budgets influence the assessed value. In Belmont County, the tax bills range significantly, with the 25th percentile at $252 and the 75th percentile reaching $1,028. The top 10% of tax bills can go up to $1,462. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Alledonia's property tax rates can be considered moderate, offering a balance between necessary public funding and homeowner affordability.
Average Alledonia Tax Bill
$606
Average Belmont County Tax Bill
$992
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Alledonia, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43902 | $130 | $252 | $606 | $1,028 | $1,462 |
Source: Ownwell