Shade, Ohio Property Taxes
The median property tax rate in SHADE, OH is 1.06%, slightly higher than the national median of 0.99% but significantly lower than Ohio's state median of 1.80%. With the median home value in SHADE at $27,820, the typical annual property tax bill is $289, which is substantially below the national median of $2,690. Property taxes in SHADE are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding SHADE'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 SHADE 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
Shade, 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 SHADE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SHADE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SHADE 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 Shade, Ohio
Property taxes in SHADE, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in SHADE is 1.06%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within SHADE set these rates annually, and they can vary significantly across different neighborhoods. Each year, SHADE 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 SHADE's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45776 zip code has both the highest and lowest median property tax rate of 1.06%. Understanding how these cities compare with SHADE 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 Shade Tax Rate
1.06%
Average Meigs County Tax Rate
1.16%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shade, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45776 | 0.81% | 1.03% | 1.06% | 1.06% | 1.08% |
Source: Ownwell
Property Tax Assessment Values Across Shade, Ohio
In SHADE, 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 SHADE, 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. For instance, the highest median tax bill in SHADE is $289 in the 45776 zip code, while the lowest median tax bill is also $289 in the same zip code. Being aware of these valuation processes in SHADE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Shade Assessed Value
$27,820
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 Shade, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45776 | $3,482 | $8,000 | $27,820 | $91,850 | $144,194 |
Source: Ownwell
Property Tax Bills Across Shade, Ohio
Property tax bills in Shade, Meigs County, Ohio are calculated based on the assessed value of the property and the local tax rate. The assessed value is typically a percentage of the property's market value, determined by the county's appraisal office. In Shade, the median home price is $27,820, which provides a baseline for understanding tax obligations. The tax rate is applied to the assessed value, resulting in the annual tax bill. For instance, homeowners in the 25th percentile can expect a tax bill around $85, while those in the 75th percentile might pay approximately $931. At the 90th percentile, the tax bill can reach up to $1,398. These property taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, the tax burden in Shade is relatively modest. However, even modest tax bills can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Shade Tax Bill
$289
Average Meigs County Tax Bill
$451
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Shade, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45776 | $36 | $85 | $289 | $931 | $1,398 |
Source: Ownwell