Ridgeville Corners, Ohio Property Taxes
The median property tax rate in Ridgeville Corners, OH is 0.97%, slightly below the national median of 0.99% and significantly lower than the Ohio state median of 1.80%. With the median home value in Ridgeville Corners at $189,430, the typical annual property tax bill amounts to $1,900, which is considerably less than the national median of $2,690. Property taxes in Ridgeville Corners are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Ridgeville Corners' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Ridgeville Corners or another part of Henry County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ridgeville Corners, 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 Ridgeville Corners Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ridgeville Corners with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ridgeville Corners 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 Ridgeville Corners, Ohio
Property taxes in Ridgeville Corners, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ridgeville Corners is 0.97%, slightly lower than the U.S. national median of 0.99%. Local government entities within Ridgeville Corners set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ridgeville Corners 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 Ridgeville Corners' effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 43555 has both the highest and lowest median property tax rate of 0.97%. Understanding how these cities compare with Ridgeville Corners provides valuable insights into the varying tax landscape across Henry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ridgeville Corners Tax Rate
0.97%
Average Henry County Tax Rate
0.78%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ridgeville Corners, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43555 | 0.79% | 0.91% | 0.97% | 1.04% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Ridgeville Corners, Ohio
In Ridgeville Corners, 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 Henry 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 Ridgeville Corners, 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. For instance, the 25th percentile tax bill is $1,512, while the 75th percentile tax bill is $2,295, and the 90th percentile tax bill is $2,601. The highest and lowest median tax bills are both $1,900 in the 43555 zip code. 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 Ridgeville Corners helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Ridgeville Corners, Ohio
Source: Ownwell
$23,490
$187,385
$351,280
Average Ridgeville Corners Assessed Value
$189,430
Average Henry County Assessed Value
$213,460
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ridgeville Corners, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43555 | $53,838 | $148,630 | $189,430 | $243,410 | $303,956 |
Source: Ownwell
Property Tax Bills Across Ridgeville Corners, Ohio
In Ridgeville Corners, Henry County, OH, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and typically represents a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to determine the tax bill. For example, with a median home price of $189,430, homeowners can expect varying tax bills. The 25th percentile tax bill is around $1,512, while the 75th percentile tax bill reaches approximately $2,295. At the higher end, the 90th percentile tax bill can be as much as $2,601. These figures reflect the influence of property value and local tax rates on the overall tax burden. Compared to the national median property tax rate of 0.99%, the tax rates in Ridgeville Corners may result in different financial impacts on homeowners. Understanding these factors helps homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Ridgeville Corners Tax Bill
$1,900
Average Henry County Tax Bill
$1,746
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Ridgeville Corners, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43555 | $547 | $1,512 | $1,900 | $2,295 | $2,601 |
Source: Ownwell