Adena, Ohio Property Taxes
The median property tax rate in Adena, OH is 1.31%, considerably higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With the median home value in Adena, the typical annual property tax bill reaches $616, significantly below the national median of $2,690. Property taxes in Adena 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 Adena'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 Adena 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
Adena, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$654
Ownwell’s Adena Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Adena with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Adena 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 Adena, Ohio
Property taxes in Adena, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Adena is 1.31%, significantly higher than the U.S. national median of 0.99%. Local government entities within Adena set these rates annually, and they can vary across different neighborhoods. Each year, Adena 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 Adena's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43901 zip code has the highest median property tax rate of 1.31%, while the same zip code also has the lowest median tax rate of 1.31%. Understanding how these cities compare with Adena provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Adena Tax Rate
1.31%
Average Harrison County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adena, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43901 | 0.74% | 1.22% | 1.31% | 1.66% | 1.69% |
Source: Ownwell
Property Tax Assessment Values Across Adena, Ohio
In Adena, 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 Harrison 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 Adena, 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 Adena helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Adena are both $616.00, found in the zip code 43901.
Average Adena Assessed Value
$49,910
Average Harrison County Assessed Value
$63,430
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adena, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43901 | $9,840 | $30,332 | $49,910 | $75,195 | $113,600 |
Source: Ownwell
Property Tax Bills Across Adena, Ohio
Property tax bills in Adena, located in Harrison County, OH, are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is a percentage of the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and any improvements made. For example, in Adena, the median home price is $49,910. Depending on the assessed value, homeowners may find themselves paying anywhere from $352 at the 25th percentile to $1,462 at the 90th percentile in property taxes. This variability in tax bills can significantly impact homeowners, affecting their overall housing costs and financial planning. Compared to the national median property tax rate of 0.99%, Adena's property tax rates can be considered relatively moderate, offering some relief to homeowners in this region.
Average Adena Tax Bill
$616
Average Harrison County Tax Bill
$839
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Adena, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43901 | $139 | $352 | $616 | $1,036 | $1,462 |
Source: Ownwell