Middleburg, Ohio Property Taxes
The median property tax rate in Middleburg, Ohio is 1.59%, considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Middleburg at $73,985, the typical annual property tax bill reaches $1,118, which is below the national median of $2,690. Property taxes in Middleburg 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 Middleburg'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 Middleburg 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
Middleburg, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$1,176
Ownwell’s Middleburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Middleburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Middleburg 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 Middleburg, Ohio
Property taxes in Middleburg, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Middleburg is 1.59%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Middleburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Middleburg 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 Middleburg's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43336 zip code has both the highest and lowest median property tax rate of 1.59%. Understanding how these areas compare with Middleburg 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 Middleburg Tax Rate
1.59%
Average Logan County Tax Rate
1.65%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Middleburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43336 | 1.51% | 1.59% | 1.59% | 1.62% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Middleburg, Ohio
In Middleburg, 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 Middleburg, 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. The highest median tax bill in Middleburg is $1,118 in the 43336 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Middleburg Assessed Value
$73,985
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 Middleburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43336 | $24,182 | $40,668 | $73,985 | $89,968 | $136,427 |
Source: Ownwell
Property Tax Bills Across Middleburg, Ohio
In Middleburg, Logan County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. For example, homes in Middleburg have a median home price of $73,985. Homeowners in Middleburg can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $530, while the 75th percentile tax bill is approximately $1,435. At the high end, the 90th percentile tax bill reaches up to $2,163. These property taxes can have a substantial impact on homeowners, influencing their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, the property tax rates in Middleburg can lead to varying financial obligations for residents, depending on their property's assessed value.
Average Middleburg Tax Bill
$1,118
Average Logan County Tax Bill
$1,716
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Middleburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43336 | $392 | $530 | $1,118 | $1,435 | $2,163 |
Source: Ownwell