Hide Away Hills, Ohio Property Taxes
The median property tax rate in Hide Away Hills, OH is 1.37%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Hide Away Hills at $323,170, the typical annual property tax bill reaches $4,424, exceeding the national median of $2,690. Property taxes in Hide Away Hills 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 Hide Away Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Hide Away Hills or another part of Fairfield County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hide Away Hills, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$4,427
Ownwell’s HIDE AWAY HILLS Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in HIDE AWAY HILLS using just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in HIDE AWAY HILLS to provide an estimated property tax bill. This valuable tool offers insights into potential tax liabilities. If you’re interested in exploring trends at the neighborhood level, scroll down for more localized information. Your property’s assessed value is determined by the county for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Hide Away Hills, Ohio
Property taxes in Hide Away Hills, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hide Away Hills is 1.37%, which is notably higher than the U.S. national median of 0.99%. Local government entities within Hide Away Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hide Away Hills 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 Hide Away Hills' effective property tax rate to other counties in Ohio and the national median. For comparison, the 43107 zip code has both the highest and lowest median property tax rate of 1.37%. Understanding how these cities compare with Hide Away Hills provides valuable insights into the varying tax landscape across Fairfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hide Away Hills Tax Rate
1.37%
Average Fairfield County Tax Rate
1.37%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hide Away Hills, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43107 | 1.37% | 1.37% | 1.37% | 1.38% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Hide Away Hills, Ohio
In Hide Away Hills, 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 Fairfield 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 Hide Away Hills, 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 Hide Away Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 43107, with a median tax bill of $4,424.
Average Hide Away Hills Assessed Value
$323,170
Average Fairfield County Assessed Value
$224,580
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hide Away Hills, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43107 | $278,034 | $294,960 | $323,170 | $364,535 | $389,354 |
Source: Ownwell
Property Tax Bills Across Hide Away Hills, Ohio
In Hide Away Hills, Fairfield County, OH, property tax bills are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to calculate the annual tax bill. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. For homeowners in Hide Away Hills, the median home price is $323,170. Property tax bills in this area can vary significantly, with the tax bill for the 25th percentile at $4,034 and the 75th percentile at $5,053. The highest median tax bill recorded in the area is $4,424, which is above the national median property tax rate of 0.99%. These property taxes contribute to essential public services, such as schools, infrastructure, and emergency services, impacting homeowners by directly influencing their annual financial planning and overall cost of homeownership.
Average Hide Away Hills Tax Bill
$4,424
Average Fairfield County Tax Bill
$2,962
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Hide Away Hills, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43107 | $3,801 | $4,034 | $4,424 | $5,053 | $5,431 |
Source: Ownwell