Cedarville, Ohio Property Taxes
The median property tax rate in Cedarville, OH is 1.73%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Cedarville at $151,945, the typical annual property tax bill reaches $2,500, closely approaching the national median of $2,690. Property taxes in Cedarville 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 Cedarville'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 Cedarville 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
Cedarville, 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 Cedarville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Cedarville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Cedarville to project your property tax bill. This valuable tool helps you grasp potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property's assessed value is the figure assigned by Greene County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Cedarville, Ohio
Property taxes in Cedarville, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cedarville is 1.73%, significantly higher than the U.S. national median of 0.99%. Local government entities within Cedarville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cedarville 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 Cedarville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45314 zip code has both the highest and lowest median property tax rate of 1.73%. Understanding how these cities compare with Cedarville 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 Cedarville Tax Rate
1.73%
Average Greene County Tax Rate
2.02%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedarville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45314 | 1.32% | 1.53% | 1.73% | 1.78% | 1.81% |
Source: Ownwell
Property Tax Assessment Values Across Cedarville, Ohio
In Cedarville, 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 Cedarville, 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 Cedarville 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 bill in Cedarville is 45314, with a median tax bill of $2,500.
Average Cedarville Assessed Value
$151,945
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 Cedarville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45314 | $70,530 | $107,955 | $151,945 | $213,930 | $272,653 |
Source: Ownwell
Property Tax Bills Across Cedarville, Ohio
In Cedarville, located in Greene County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value, and the tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the home's location, size, and condition, as well as market trends. Homeowners in Cedarville can expect their property tax bills to vary significantly. The 25th percentile tax bill is approximately $1,694, while the 75th percentile reaches about $3,597. For those at the higher end, the 90th percentile tax bill is around $4,495. These figures highlight the range of property tax burdens faced by residents, which can impact household budgets and financial planning. Compared to the national median property tax rate of 0.99%, Cedarville's tax rates reflect the unique economic and market conditions of the area.
Average Cedarville Tax Bill
$2,500
Average Greene County Tax Bill
$3,355
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedarville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45314 | $1,029 | $1,694 | $2,500 | $3,597 | $4,495 |
Source: Ownwell