Sabina, Ohio Property Taxes
The median property tax rate in Sabina, OH is 1.46%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $142,800, the typical annual property tax bill in Sabina reaches $1,966, falling below the national median of $2,690. Property taxes in Sabina are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Sabina'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 Sabina or another part of Fayette County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sabina, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$2,085
Ownwell’s Sabina Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sabina with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sabina 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 Sabina, Ohio
Property taxes in Sabina, Ohio, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Sabina is 1.46%, which is significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Sabina set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sabina 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 Sabina's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45169 has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these areas compare with Sabina 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 Sabina Tax Rate
1.46%
Average Fayette County Tax Rate
1.38%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sabina, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45169 | 0.57% | 1.05% | 1.46% | 1.50% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Sabina, Ohio
In Sabina, 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 Fayette 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 Sabina, 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. The median home price in Sabina is $142,800, with tax bills ranging from $1,340 at the 25th percentile to $5,489 at the 90th percentile. The highest and lowest median tax bills are both $1,966 in zip code 45169. Being aware of these valuation processes in Sabina helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sabina Assessed Value
$142,800
Average Fayette County Assessed Value
$107,500
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sabina, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45169 | $52,000 | $92,200 | $142,800 | $303,200 | $775,800 |
Source: Ownwell
Property Tax Bills Across Sabina, Ohio
In Sabina, located in Fayette County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, if the median home price is $142,800, the assessed value is determined by local assessment practices. The tax rate is then applied to this assessed value to calculate the tax bill. Various factors such as property location, improvements, and exemptions can influence the assessed value. For homeowners in Sabina, property tax bills can vary significantly. The tax bill at the 25th percentile is around $1,340, while at the 75th percentile, it rises to $3,275. At the 90th percentile, it can reach up to $5,489. Comparatively, Sabina's property tax rates can be higher than the national median property tax rate of 0.99%. These taxes fund essential public services including schools, infrastructure, and emergency services, directly impacting the quality of life and property values in the area.
Average Sabina Tax Bill
$1,966
Average Fayette County Tax Bill
$1,527
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Sabina, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45169 | $639 | $1,340 | $1,966 | $3,275 | $5,489 |
Source: Ownwell