Bidwell, Ohio Property Taxes
The median property tax rate in Bidwell, OH is 0.70%, which is notably lower than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value of $86,500 in Bidwell, the typical annual property tax bill is approximately $637, significantly less than the national median of $2,690. Property taxes in Bidwell are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Bidwell's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Bidwell or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bidwell, 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 Bidwell Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Bidwell. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Bidwell to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more granular insights, localized information on neighborhood trends is available further down the page. Your property’s assessed value, determined by the county, is crucial for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Bidwell, Ohio
Property taxes in Bidwell, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bidwell is 1.04%, higher than both the Ohio state median of 1.52% and the U.S. national median of 0.99%. Local government entities within Bidwell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bidwell 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 Bidwell's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45614 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Bidwell provides valuable insights into the varying tax landscape across Gallia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bidwell Tax Rate
0.70%
Average Meigs County Tax Rate
1.16%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bidwell, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45614 | 0.55% | 0.61% | 0.70% | 0.80% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Bidwell, Ohio
In Bidwell, 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 Meigs 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 Bidwell, 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 median home price in Bidwell is $86,500, with the median tax bill at the 25th percentile being $501 and at the 75th percentile being $772. The highest and lowest median tax bills are both found in zip code 45614, amounting to $637. Being aware of these valuation processes in Bidwell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bidwell Assessed Value
$86,500
Average Meigs County Assessed Value
$39,810
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bidwell, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45614 | $74,172 | $78,795 | $86,500 | $94,205 | $98,828 |
Source: Ownwell
Property Tax Bills Across Bidwell, Ohio
Property tax bills in Bidwell, located in Meigs County, OH, are calculated based on the assessed value of a property. The assessed value is typically a percentage of the market value, which is determined by the county assessor. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. In Bidwell, the median home price is $86,500, and property tax bills can vary significantly. For example, the tax bill at the 25th percentile is $501, while at the 75th percentile, it rises to $772. At the 90th percentile, it reaches $853. These property taxes fund essential public services such as schools, emergency services, and infrastructure. Homeowners in Bidwell must budget for these taxes, as they can impact overall housing costs. Compared to the national median property tax rate of 0.99%, Bidwell's rates are relatively moderate, making it a potentially attractive location for prospective homeowners.
Average Bidwell Tax Bill
$637
Average Meigs County Tax Bill
$451
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bidwell, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45614 | $420 | $501 | $637 | $772 | $853 |
Source: Ownwell