Bowersville, Ohio Property Taxes
The median property tax rate in Bowersville, OH is 1.71%, which is significantly higher than the national median of 0.99% but slightly below the Ohio state median of 1.80%. With a median home value of $56,645 in Bowersville, the typical annual property tax bill amounts to $867, which is lower than the national median of $2,690. Property taxes in Bowersville are based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bowersville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Bowersville or another part of Greene County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bowersville, 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 Bowersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bowersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bowersville 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 Bowersville, Ohio
Property taxes in Bowersville, Ohio, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Bowersville is 1.71%, which is significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Bowersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bowersville 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 Bowersville's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45307 has both the highest and lowest median property tax rate of 1.71%. Understanding how these cities compare with Bowersville provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bowersville Tax Rate
1.71%
Average Greene County Tax Rate
2.02%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bowersville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45307 | 0.93% | 1.54% | 1.71% | 1.71% | 1.78% |
Source: Ownwell
Property Tax Assessment Values Across Bowersville, Ohio
In Bowersville, 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 Greene 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 Bowersville, 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 Bowersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bowersville is $56,645, with annual tax bills ranging from $452 at the 25th percentile to $1,409 at the 90th percentile. The zip code 45307 has both the highest and lowest median tax bills at $867.
Average Bowersville Assessed Value
$56,645
Average Greene County Assessed Value
$165,090
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bowersville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45307 | $9,145 | $35,940 | $56,645 | $75,022 | $87,754 |
Source: Ownwell
Property Tax Bills Across Bowersville, Ohio
In Bowersville, property taxes are calculated based on the assessed value of a home, which is determined by the Greene County assessor's office. The assessed value is typically a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Bowersville, the median home price is $56,645. Property tax bills can vary widely, with the 25th percentile at $452 and the 75th percentile at $1,168. The highest median tax bill in the area is $867, recorded in the 45307 zip code. These figures are influenced by various factors, including property location, improvements, and local tax levies. Understanding how property taxes are calculated helps homeowners anticipate their annual expenses. Higher property taxes can impact a homeowner's budget, while lower taxes can make homeownership more affordable. Comparing these local tax rates to the national median property tax rate of 0.99% provides a clearer picture of the tax landscape in Bowersville.
Average Bowersville Tax Bill
$867
Average Greene County Tax Bill
$3,355
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bowersville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45307 | $138 | $452 | $867 | $1,168 | $1,409 |
Source: Ownwell