Huntsville, Ohio Property Taxes
The median property tax rate in Huntsville, Ohio is 1.86%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Huntsville at $164,485, the typical annual property tax bill reaches $2,767, slightly above the national median of $2,690. Property taxes in Huntsville 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 Huntsville'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 Huntsville 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
Huntsville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.86%
Estimate Property Tax Bill
$3,059
Ownwell’s Huntsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Huntsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huntsville 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 Huntsville, Ohio
Property taxes in Huntsville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Huntsville is 1.86%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Huntsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Huntsville 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 Huntsville's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43324 has the highest median property tax rate of 1.86%, while the lowest median tax rate in the same zip code is also 1.86%. Understanding how these areas compare with Huntsville provides valuable insights into the varying tax landscape across Logan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Huntsville Tax Rate
1.86%
Average Logan County Tax Rate
1.65%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huntsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43324 | 1.49% | 1.63% | 1.86% | 1.91% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Huntsville, Ohio
In Huntsville, 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 Logan 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 Huntsville, 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 Huntsville is $164,485, with tax bills ranging from $1,549 at the 25th percentile to $7,153 at the 90th percentile. The highest and lowest median tax bills in the area, both at $2,767, are found in the 43324 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Huntsville Assessed Value
$164,485
Average Logan County Assessed Value
$106,220
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Huntsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43324 | $21,566 | $91,315 | $164,485 | $263,922 | $395,222 |
Source: Ownwell
Property Tax Bills Across Huntsville, Ohio
In Huntsville, located in Logan County, OH, property tax bills are determined by a combination of the property's assessed value and the local tax rate. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $164,485, the tax bill can vary significantly depending on the home's value and the specific rate applied. Factors such as location, property size, and any applicable exemptions play a crucial role in the final tax bill. Homeowners in Huntsville can expect tax bills ranging from the 25th percentile at $1,549 to the 90th percentile at $7,153, with a median tax bill of approximately $2,767. This is notably higher than the national median property tax rate of 0.99%, indicating that property taxes in Huntsville can be a significant expense for homeowners, impacting their overall financial planning and homeownership costs.
Average Huntsville Tax Bill
$2,767
Average Logan County Tax Bill
$1,716
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Huntsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43324 | $435 | $1,549 | $2,767 | $4,647 | $7,153 |
Source: Ownwell