Green Camp, Ohio Property Taxes
The median property tax rate in Green Camp, Ohio is 1.72%, which is higher than the national median of 0.99% but slightly below the Ohio state median of 1.80%. With a median home value of $90,060 in Green Camp, the typical annual property tax bill is $1,501, falling below the national median of $2,690. Property taxes in Green Camp are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Green Camp'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 Green Camp or another part of Marion County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Green Camp, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.72%
Estimate Property Tax Bill
$1,549
Ownwell’s Green Camp Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Green Camp with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Green Camp 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 Green Camp, Ohio
Property taxes in Green Camp, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Green Camp is 1.72%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Green Camp set these rates annually, and they can vary significantly across different neighborhoods. Each year, Green Camp 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 Green Camp's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43322 zip code has the highest median property tax rate of 1.72%, while the 43322 zip code also has the lowest median tax rate of 1.72%. Understanding how these cities compare with Green Camp provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Green Camp Tax Rate
1.72%
Average Marion County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Green Camp, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43322 | 1.26% | 1.68% | 1.72% | 1.72% | 2.36% |
Source: Ownwell
Property Tax Assessment Values Across Green Camp, Ohio
In Green Camp, 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 Marion 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 Green Camp, 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. The median home price in Green Camp is $90,060, with tax bills ranging from $1,162 at the 25th percentile to $2,526 at the 90th percentile. The zip code 43322 has both the highest and lowest median tax bill at $1,501. By understanding 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 Green Camp helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Green Camp Assessed Value
$90,060
Average Marion County Assessed Value
$101,515
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Green Camp, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43322 | $50,830 | $69,770 | $90,060 | $110,570 | $139,200 |
Source: Ownwell
Property Tax Bills Across Green Camp, Ohio
In Green Camp, located in Marion County, OH, property tax bills are calculated based on the assessed value of the property. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. Homeowners in Green Camp can expect a median home price of $90,060. The property tax rate in this area contributes to a tax bill that ranges significantly. For instance, the 25th percentile tax bill is around $1,162, while the 75th percentile reaches up to $2,018, and the 90th percentile can go as high as $2,526. Several factors influence the final tax bill, including local tax rates, property improvements, and any applicable exemptions or deductions. These taxes fund essential public services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, homeowners in Green Camp may find their tax obligations vary depending on the assessed value and specific local rates. Understanding these factors can help homeowners better anticipate their annual property tax expenses.
Average Green Camp Tax Bill
$1,501
Average Marion County Tax Bill
$1,434
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Green Camp, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43322 | $840 | $1,162 | $1,501 | $2,018 | $2,526 |
Source: Ownwell