Rushville, Ohio Property Taxes
The median property tax rate in Rushville, OH is 1.35%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $164,450 in Rushville, the typical annual property tax bill amounts to $2,092, which is below the national median of $2,690. Property taxes in Rushville are determined based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Rushville's property tax system, exploring available exemptions, and identifying potential reductions can result in substantial yearly savings. Whether you reside in the heart of Rushville or another part of Fairfield County, being well-informed about the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Rushville, 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 Rushville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rushville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rushville 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 Rushville, Ohio
Property taxes in Rushville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rushville is 1.35%, which is higher than the U.S. national median of 0.99%. Local government entities within Rushville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rushville 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 Rushville's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 43150 in Fairfield County has the same median property tax rate of 1.35%. Understanding how these cities compare with Rushville 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 Rushville Tax Rate
1.35%
Average Fairfield County Tax Rate
1.37%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rushville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43150 | 1.15% | 1.35% | 1.35% | 1.38% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Rushville, Ohio
In Rushville, 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 Rushville, 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, the median home price in Rushville is $164,450, with tax bills ranging significantly. The 25th percentile tax bill is $1,059, while the 75th percentile tax bill is $3,338, and the 90th percentile tax bill reaches $4,232. 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 Rushville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rushville Assessed Value
$164,450
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 Rushville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43150 | $17,648 | $86,350 | $164,450 | $251,110 | $322,606 |
Source: Ownwell
Property Tax Bills Across Rushville, Ohio
In Rushville, located in Fairfield County, OH, property tax bills are calculated based on the assessed value of the property. The local tax rate is applied to this assessed value, which is determined by county assessors. Factors such as property size, location, and market conditions influence this assessed value. Homeowners in Rushville experience a range of property tax bills, with the 25th percentile at $1,059 and the 75th percentile reaching $3,338. This variability highlights how different property characteristics and valuations impact the tax burden. For comparison, the national median property tax rate is 0.99%, and Rushville's median home price stands at $164,450. The highest median tax bill in the area is $2,092, found in the 43150 zip code. Homeowners should be aware that these taxes fund essential public services such as schools, infrastructure, and emergency services, making them a crucial aspect of community development and quality of life. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Rushville Tax Bill
$2,092
Average Fairfield County Tax Bill
$2,962
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Rushville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43150 | $221 | $1,059 | $2,092 | $3,338 | $4,232 |
Source: Ownwell