Guysville, Ohio Property Taxes
The median property tax rate in Guysville, OH is 1.15%, slightly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $227,380 in Guysville, the typical annual property tax bill amounts to $2,604, just below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural land. Understanding Guysville'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 Guysville or another part of Meigs County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Guysville, 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 Guysville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Guysville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Guysville 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 Guysville, Ohio
Property taxes in Guysville, Ohio, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Guysville is 1.15%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Guysville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Guysville 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 Guysville's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45735 has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these areas compare with Guysville provides valuable insights into the varying tax landscape across Meigs County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Guysville Tax Rate
1.15%
Average Meigs County Tax Rate
1.16%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Guysville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45735 | 1.15% | 1.15% | 1.15% | 1.15% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Guysville, Ohio
In Guysville, 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 Guysville, 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. Being aware of these valuation processes in Guysville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2604 in the 45735 zip code, while the lowest median tax bill is also $2604 in the same zip code.
Average Guysville Assessed Value
$227,380
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 Guysville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45735 | $57,012 | $120,900 | $227,380 | $333,860 | $397,748 |
Source: Ownwell
Property Tax Bills Across Guysville, Ohio
In Guysville, located in Meigs County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value, and it forms the basis for the property tax calculation. The tax rate, applied to this assessed value, is set by local government authorities and funds essential public services such as schools, roads, and emergency services. For instance, with a median home price of $227,380, homeowners in Guysville can expect their property tax bill to vary significantly. At the 25th percentile, the tax bill is approximately $1,385, while at the 75th percentile, it rises to about $3,824. The highest tax bills, at the 90th percentile, can reach up to $4,556. Compared to the national median property tax rate of 0.99%, these figures illustrate the variability and potential financial impact on homeowners in the region. Understanding these factors is crucial for homeowners to manage their finances effectively.
Average Guysville Tax Bill
$2,604
Average Meigs County Tax Bill
$451
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Guysville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45735 | $653 | $1,385 | $2,604 | $3,824 | $4,556 |
Source: Ownwell