Huntsburg, Ohio Property Taxes
The median property tax rate in Huntsburg, OH is 1.74%, which is considerably higher than the national median of 0.99% but slightly lower than Ohio's state median of 1.80%. With the median home value in Huntsburg at $177,250, the typical annual property tax bill reaches $3,092, surpassing the national median of $2,690. Property taxes in Huntsburg 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 Huntsburg'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 Huntsburg 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
Huntsburg, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.74%
Estimate Property Tax Bill
$3,084
Ownwell’s Huntsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Huntsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huntsburg 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 Huntsburg, Ohio
Property taxes in Huntsburg, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Huntsburg is 1.74%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Huntsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Huntsburg 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 Huntsburg's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44046 zip code has the highest median property tax rate of 1.74%, while the same zip code also has the lowest median tax rate of 1.74%. Understanding how these cities compare with Huntsburg provides valuable insights into the varying tax landscape across Geauga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Huntsburg Tax Rate
1.74%
Average Geauga County Tax Rate
1.98%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huntsburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44046 | 1.43% | 1.59% | 1.74% | 1.84% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Huntsburg, Ohio
In Huntsburg, 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 Geauga 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 Huntsburg, 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 Huntsburg 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 bills is 44046, with a median tax bill of $3,092.
Average Huntsburg Assessed Value
$177,250
Average Geauga County Assessed Value
$217,300
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Huntsburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44046 | $94,020 | $133,650 | $177,250 | $228,675 | $293,730 |
Source: Ownwell
Property Tax Bills Across Huntsburg, Ohio
In Huntsburg, located in Geauga County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county's tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the home's market value, local tax rates, and any applicable exemptions or deductions. For homeowners in Huntsburg, the median home price is $177,250. Tax bills can vary significantly; for instance, the 25th percentile tax bill is $2,375, while the 75th percentile reaches $3,958, and the 90th percentile can be as high as $4,937. This variation highlights the impact of different assessed values and local tax rates on individual tax bills. Compared to the national median property tax rate of 0.99%, Huntsburg's property tax rates can be relatively high, affecting homeowners' annual financial planning and overall cost of homeownership.
Average Huntsburg Tax Bill
$3,092
Average Geauga County Tax Bill
$4,427
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Huntsburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44046 | $1,664 | $2,375 | $3,092 | $3,958 | $4,937 |
Source: Ownwell