Pettisville, Ohio Property Taxes
The median property tax rate in Pettisville, OH is 2.16%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Pettisville at $106,500, the typical annual property tax bill reaches $2,282, which is slightly below the national median of $2,690. Property taxes in Pettisville 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 Pettisville'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 Pettisville 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
Pettisville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.16%
Estimate Property Tax Bill
$2,300
Ownwell’s Pettisville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pettisville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pettisville 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 Pettisville, Ohio
Property taxes in Pettisville, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pettisville is 2.16%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Pettisville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pettisville 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 Pettisville's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43553 has the highest median property tax rate of 2.16%, while the same zip code also has the lowest median tax rate of 2.16%. Understanding how these cities compare with Pettisville provides valuable insights into the varying tax landscape across Fulton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pettisville Tax Rate
2.16%
Average Fulton County Tax Rate
1.94%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pettisville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43553 | 1.81% | 2.08% | 2.16% | 2.28% | 2.38% |
Source: Ownwell
Property Tax Assessment Values Across Pettisville, Ohio
In Pettisville, 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 Fulton 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 Pettisville, 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. Pettisville's median home price is $106,500, with tax bills ranging from the 25th percentile at $1,785 to the 90th percentile at $3,013. 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 Pettisville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pettisville Assessed Value
$106,500
Average Fulton County Assessed Value
$117,800
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pettisville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43553 | $69,490 | $80,525 | $106,500 | $128,125 | $152,510 |
Source: Ownwell
Property Tax Bills Across Pettisville, Ohio
In Pettisville, located in Fulton County, OH, property tax bills are determined based on the assessed value of your home and the applicable tax rate. The assessed value is a percentage of the market value, which is periodically evaluated by local authorities. For homeowners, this means that the higher the market value of their property, the higher their tax bill will likely be. The median home price in Pettisville is $106,500, and the tax rate is calculated accordingly. For example, homeowners at the 25th percentile pay around $1,785, while those at the 75th percentile face bills closer to $2,709. At the 90th percentile, tax bills can reach up to $3,013. The highest and lowest median tax bills in the area both stand at $2,282, indicating a consistent range within the ZIP code 43553. These property taxes fund essential community services such as schools, infrastructure, and emergency services, directly impacting the quality of life for Pettisville residents.
Average Pettisville Tax Bill
$2,282
Average Fulton County Tax Bill
$2,396
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Pettisville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43553 | $1,513 | $1,785 | $2,282 | $2,709 | $3,013 |
Source: Ownwell