Washington Court House, Ohio Property Taxes
The median property tax rate in Washington Court House, OH is 2.40%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Washington Court House at $71,550, the typical annual property tax bill reaches $1,720, which is below the national median of $2,690. Property taxes in Washington Court House 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 Washington Court House'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 Washington Court House 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
Washington Court House, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.4%
Estimate Property Tax Bill
$1,717
Ownwell’s WASHINGTON COURT HOUSE Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes with ease. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in WASHINGTON COURT HOUSE to provide an accurate estimate of your property tax bill. This valuable resource helps you understand your potential tax liabilities clearly. For those interested in more detailed trends at the neighborhood level, more localized information is available further down the page. The assessed value of your property, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Washington Court House, Ohio
Property taxes in Washington Court House, Ohio, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Washington Court House is 1.31%, higher than both the Ohio state median of 1.41% and the U.S. national median of 0.99%. Local government entities within Washington Court House set these rates annually, and they can vary significantly across different neighborhoods. Each year, Washington Court House 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 Washington Court House's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43160 has the highest median property tax rate of 1.31%, while the lowest median tax rate is also 1.31%. Understanding how these cities compare with Washington Court House provides valuable insights into the varying tax landscape across Fayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Washington Court House Tax Rate
2.40%
Average Clinton County Tax Rate
1.56%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Washington Court House, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43160 | 2.40% | 2.40% | 2.40% | 2.40% | 2.40% |
Source: Ownwell
Property Tax Assessment Values Across Washington Court House, Ohio
In Washington Court House, 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 local 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 Washington Court House, 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 Washington Court House helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 43160 has both the highest and lowest median tax bills, each at $1,720.
Property Tax Assessment Values Across Washington Court House, Ohio
Source: Ownwell
$11,570
$129,950
$248,330
Average Washington Court House Assessed Value
$71,550
Average Clinton County Assessed Value
$106,220
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Washington Court House, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43160 | $71,550 | $71,550 | $71,550 | $71,550 | $71,550 |
Source: Ownwell
Property Tax Bills Across Washington Court House, Ohio
Property tax bills in Washington Court House, located in Clinton County, OH, are determined based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Factors such as property size, location, and improvements can influence the assessed value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. In Washington Court House, the median home price is $71,550, and the median property tax bill is $1,720. This rate is significantly higher than the national median property tax rate of 0.99%. Homeowners in this area can expect to pay a consistent amount, as evidenced by the 25th, 75th, and 90th percentile tax bills all being $1,720. This uniformity in tax bills indicates a stable and predictable property tax environment for residents, which can be beneficial for financial planning and budgeting.
Average Washington Court House Tax Bill
$1,720
Average Clinton County Tax Bill
$1,728
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Washington Court House, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43160 | $1,720 | $1,720 | $1,720 | $1,720 | $1,720 |
Source: Ownwell