Bellaire, Ohio Property Taxes
The median property tax rate in Bellaire, OH is 1.34%, considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $45,470 in Bellaire, the typical annual property tax bill reaches $707, which is significantly below the national median of $2,690. Property taxes in Bellaire 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 Bellaire'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 Bellaire 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
Bellaire, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$609
Ownwell’s Bellaire Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bellaire with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bellaire 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 Bellaire, Ohio
Property taxes in Bellaire, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bellaire is 1.34%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bellaire set these rates annually, and they can vary across different neighborhoods. Each year, Bellaire 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 Bellaire's effective property tax rate to other areas in Belmont County and the national median. For comparison, the zip code 43906 has the highest median property tax rate of 1.34%, while the lowest median tax rate within the same zip code is also 1.34%. Understanding how these areas compare with Bellaire 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 Bellaire Tax Rate
1.34%
Average Belmont County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bellaire, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43906 | 1.00% | 1.27% | 1.34% | 1.39% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Bellaire, Ohio
In Bellaire, 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 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 Bellaire, 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 Bellaire helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in Bellaire is found in the 43906 zip code, amounting to $707.
Average Bellaire Assessed Value
$45,470
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 Bellaire, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43906 | $10,290 | $22,100 | $45,470 | $100,890 | $152,276 |
Source: Ownwell
Property Tax Bills Across Bellaire, Ohio
In Bellaire, property tax bills are determined by 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 calculate your annual tax bill. For example, with a median home price of $45,470, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $285, while those at the 75th percentile might pay about $1,370. At the higher end, the 90th percentile sees tax bills reaching up to $2,053. Several factors influence your tax bill, including property improvements, neighborhood developments, and changes in local tax rates. Homeowners should be aware that these taxes fund essential 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%, Bellaire's tax bills can vary significantly, reflecting the unique economic and social landscape of Belmont County.
Average Bellaire Tax Bill
$707
Average Belmont County Tax Bill
$992
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bellaire, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43906 | $102 | $285 | $707 | $1,370 | $2,053 |
Source: Ownwell