Bethel, Ohio Property Taxes
The median property tax rate in Bethel, Ohio is 1.06%, slightly higher than the national median of 0.99% but significantly lower than Ohio's state median of 1.80%. With a median home value of $115,120, the typical annual property tax bill in Bethel reaches $1,148, which is below the national median of $2,690. Property taxes in Bethel 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 Bethel'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 Bethel or another part of Brown County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bethel, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.06%
Estimate Property Tax Bill
$1,220
Ownwell’s Bethel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bethel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bethel 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 Bethel, Ohio
Property taxes in Bethel, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Bethel is 1.06%, higher than the U.S. national median of 0.99%. Local government entities within Bethel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bethel 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 Bethel's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 45106 has both the highest and lowest median property tax rate of 1.06%. Understanding how these areas compare with Bethel provides valuable insights into the varying tax landscape across Brown County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bethel Tax Rate
1.06%
Average Brown County Tax Rate
1.17%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bethel, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45106 | 0.62% | 0.93% | 1.06% | 1.16% | 1.18% |
Source: Ownwell
Property Tax Assessment Values Across Bethel, Ohio
In Bethel, 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 Brown 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 Bethel, 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 Bethel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 45106 has both the highest and lowest median tax bill at $1,148, offering a benchmark for evaluating your property tax obligations.
Average Bethel Assessed Value
$115,120
Average Brown County Assessed Value
$109,630
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bethel, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45106 | $29,336 | $71,040 | $115,120 | $191,860 | $280,425 |
Source: Ownwell
Property Tax Bills Across Bethel, Ohio
In Bethel, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value, and the tax rate is applied to this assessed value to determine the annual tax bill. The median home price in Bethel is $115,120, and the property tax rate in Brown County plays a crucial role in determining the final tax amount. Homeowners in Bethel might see tax bills ranging from $717 at the 25th percentile to $1,845 at the 75th percentile, with the 90th percentile reaching up to $2,638. These amounts can significantly impact household finances, making it essential for homeowners to understand how their tax bills are calculated. Comparing these figures to the national median property tax rate of 0.99% highlights the variability and importance of local tax rates. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Bethel Tax Bill
$1,148
Average Brown County Tax Bill
$1,244
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bethel, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45106 | $284 | $717 | $1,148 | $1,845 | $2,638 |
Source: Ownwell