Scio, Ohio Property Taxes
The median property tax rate in Scio, OH is 1.37%, which is higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $71,690 in Scio, the typical annual property tax bill amounts to $970, falling below the national median of $2,690. Property taxes in Scio are calculated based on the tax assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Scio'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 Scio or another part of Harrison County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Scio, 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 Scio Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Scio with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scio 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 Scio, Ohio
Property taxes in Scio, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Scio is 1.37%, significantly higher than the U.S. national median of 0.99%. Local government entities within Scio set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scio 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 Scio's effective property tax rate to other areas in Ohio and the national median. For comparison, the 43986 zip code in Harrison County has the highest median property tax rate of 1.40%, while the 43988 zip code has the lowest median tax rate of 1.37%. Understanding how these areas compare with Scio 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 Scio Tax Rate
1.37%
Average Harrison County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scio, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43986 | 1.40% | 1.40% | 1.40% | 1.40% | 1.40% |
| 43988 | 0.81% | 1.32% | 1.37% | 1.53% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Scio, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Scio, Ohio. 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. Assessment notices in Scio 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 Scio helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $970 in the 43988 zip code, while the lowest is $833 in the 43986 zip code.
Average Scio Assessed Value
$71,690
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 Scio, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43986 | $59,600 | $59,600 | $59,600 | $59,600 | $59,600 |
| 43988 | $20,230 | $40,438 | $71,800 | $135,742 | $193,115 |
Source: Ownwell
Property Tax Bills Across Scio, Ohio
In Scio, Harrison County, OH, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property location, home size, and any applicable exemptions or deductions play a significant role in this calculation. For example, the median home price in Scio is $71,690. Homeowners here can expect tax bills ranging from $530 at the 25th percentile to $2,350 at the 90th percentile, reflecting the variability in property values and applicable tax rates. Comparatively, the national median property tax rate stands at 0.99%, providing a benchmark for understanding local tax burdens. The highest median tax bill recorded in the area is $970 in the 43988 zip code, while the lowest is $833 in the 43986 zip code. These figures highlight the diverse tax landscape within Scio, affecting homeowners differently based on their specific property assessments and local tax policies.
Average Scio Tax Bill
$970
Average Harrison County Tax Bill
$839
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Scio, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43986 | $833 | $833 | $833 | $833 | $833 |
| 43988 | $268 | $529 | $970 | $1,707 | $2,351 |
Source: Ownwell