Glenmont, Ohio Property Taxes
The median property tax rate in Glenmont, OH is 1.27%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $132,880 in Glenmont, the typical annual property tax bill amounts to $1,635, which is below the national median of $2,690. Property taxes in Glenmont are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Glenmont's property tax system, exploring available exemptions, and finding opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Glenmont or another part of Holmes County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glenmont, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$1,688
Ownwell’s Glenmont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glenmont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glenmont 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 Glenmont, Ohio
Property taxes in Glenmont, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glenmont is 1.27%, which is significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Glenmont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glenmont 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 Glenmont's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 44628 has the highest median property tax rate of 1.27%, while the lowest median tax rate is also 1.27% in the same zip code. Understanding how these cities compare with Glenmont provides valuable insights into the varying tax landscape across Holmes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glenmont Tax Rate
1.27%
Average Holmes County Tax Rate
1.25%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glenmont, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44628 | 0.66% | 1.03% | 1.27% | 1.35% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Glenmont, Ohio
In Glenmont, 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 Holmes 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 Glenmont, 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 median home price in Glenmont is $132,880, with tax bills varying significantly. The 25th percentile tax bill is $785, while the 75th percentile tax bill reaches $2,479. The highest median tax bill is $1,635 in the 44628 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 Glenmont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Glenmont Assessed Value
$132,880
Average Holmes County Assessed Value
$211,100
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glenmont, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44628 | $24,560 | $64,410 | $132,880 | $220,360 | $369,794 |
Source: Ownwell
Property Tax Bills Across Glenmont, Ohio
In Glenmont, property tax bills are calculated based on the assessed value of a home, which is determined by the Holmes County tax assessor. The assessed value is a percentage of the market value of the property. Various factors, such as the property's location, size, and condition, influence the market value. Once the assessed value is established, the local tax rate is applied to determine the annual property tax bill. For Glenmont homeowners, the median home price is $132,880. Property tax bills can vary significantly, ranging from the 25th percentile at $785 to the 90th percentile at $3,662. The highest median tax bill recorded in the area is $1,635, which is notably higher than the national median property tax rate of 0.99%. These property taxes fund essential community services such as schools, public safety, and infrastructure, directly impacting homeowners by contributing to the overall quality of life in Glenmont.
Average Glenmont Tax Bill
$1,635
Average Holmes County Tax Bill
$2,534
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Glenmont, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44628 | $294 | $785 | $1,635 | $2,479 | $3,662 |
Source: Ownwell