Sherrodsville, Ohio Property Taxes
The median property tax rate in Sherrodsville, OH is 1.39%, which is higher than both the national median of 0.99% and Ohio's state median of 1.80%. With a median home value of $91,245 in Sherrodsville, the typical annual property tax bill is $1,276, falling below the national median of $2,690. Property taxes in Sherrodsville are determined based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Sherrodsville'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 Sherrodsville or another part of Carroll County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sherrodsville, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Sherrodsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sherrodsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sherrodsville 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 Sherrodsville, Ohio
Property taxes in Sherrodsville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sherrodsville is 1.39%, significantly higher than the U.S. national median of 0.99%. Local government entities within Sherrodsville set these rates annually, and they can vary across different neighborhoods. Each year, Sherrodsville 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 Sherrodsville's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 44675 has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these figures compare with Sherrodsville provides valuable insights into the varying tax landscape across Carroll County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sherrodsville Tax Rate
1.39%
Average Carroll County Tax Rate
1.41%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sherrodsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44675 | 1.10% | 1.24% | 1.39% | 1.42% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Sherrodsville, Ohio
In Sherrodsville, 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 Carroll 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 Sherrodsville, 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. For example, zip code 44675 has the highest median tax bill at $1,276. 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 Sherrodsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sherrodsville Assessed Value
$91,245
Average Carroll County Assessed Value
$85,895
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sherrodsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44675 | $9,886 | $43,495 | $91,245 | $153,560 | $212,816 |
Source: Ownwell
Property Tax Bills Across Sherrodsville, Ohio
In Sherrodsville, property tax bills are calculated based on the assessed value of a property, which is determined by the Carroll County Assessor's Office. The assessed value is a percentage of the property's market value, reflecting its worth on the open market. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions. For instance, properties in the 25th percentile have tax bills around $630, while those in the 75th percentile see bills closer to $2,014. The highest median tax bill in the area is $1,276, which aligns with the national median property tax rate of 0.99%. Homeowners in Sherrodsville experience varying impacts due to these property tax calculations. Lower tax bills can make homeownership more affordable, while higher taxes may strain household budgets. Understanding these factors can help homeowners better anticipate their annual financial obligations.
Average Sherrodsville Tax Bill
$1,276
Average Carroll County Tax Bill
$1,225
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Sherrodsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44675 | $179 | $630 | $1,276 | $2,014 | $2,734 |
Source: Ownwell