Bridgeport, Ohio Property Taxes
The median property tax rate in Bridgeport, Ohio is 1.38%, considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Bridgeport at $59,590, the typical annual property tax bill reaches $842, which is below the national median of $2,690. Property taxes in Bridgeport 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 Bridgeport'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 Bridgeport 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
Bridgeport, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$822
Ownwell’s Bridgeport Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Bridgeport to provide an estimated property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in exploring trends at the neighborhood level, further localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Bridgeport, Ohio
Property taxes in Bridgeport, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bridgeport is 1.38%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Bridgeport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bridgeport 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 Bridgeport's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43912 zip code has the highest median property tax rate of 1.38%, while the same zip code also has the lowest median tax rate of 1.38%. Understanding how these cities compare with Bridgeport 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 Bridgeport Tax Rate
1.38%
Average Belmont County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bridgeport, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43912 | 0.96% | 1.33% | 1.38% | 1.48% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Bridgeport, Ohio
In Bridgeport, 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 Bridgeport, 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 median home price in Bridgeport is $59,590, with property tax bills ranging from $444 at the 25th percentile to $2,093 at the 90th percentile. The zip code 43912 has the highest and lowest median tax bill at $842. Being aware of these valuation processes in Bridgeport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bridgeport Assessed Value
$59,590
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 Bridgeport, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43912 | $8,570 | $33,800 | $59,590 | $92,530 | $152,352 |
Source: Ownwell
Property Tax Bills Across Bridgeport, Ohio
In Bridgeport, located in Belmont County, OH, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by local assessors who evaluate the market value of the property. Homeowners in Bridgeport face a median property tax bill of $842, which aligns with the median home price of $59,590. This tax bill is influenced by several factors, including the property’s location, size, and any improvements made to it. The tax rate in Bridgeport is compared against the national median property tax rate of 0.99%, providing a benchmark for homeowners. For instance, those in the 25th percentile pay around $444, while those in the 75th percentile see bills closer to $1,299. Homeowners at the 90th percentile may face tax bills as high as $2,093. These variations highlight how property characteristics and local tax policies influence the financial obligations of homeowners in Bridgeport.
Average Bridgeport Tax Bill
$842
Average Belmont County Tax Bill
$992
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bridgeport, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43912 | $112 | $444 | $842 | $1,299 | $2,093 |
Source: Ownwell