Wingett Run, Ohio Property Taxes
The median property tax rate in Wingett Run, Ohio is 1.03%, slightly above the national median of 0.99% but significantly lower than Ohio's state median of 1.80%. With a median home value of $85,000 in Wingett Run, the typical annual property tax bill amounts to $674, which is well below the national median of $2,690. Property taxes in Wingett Run 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 Wingett Run'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 Wingett Run or another part of Monroe County, grasping the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Wingett Run, 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 Wingett Run Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wingett Run with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wingett Run 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 Wingett Run, Ohio
Property taxes in Wingett Run, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wingett Run is 1.03%, which is higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Wingett Run set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wingett Run 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 Wingett Run's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45789 zip code has the highest median property tax rate of 1.03%, while the 45789 zip code also has the lowest median tax rate of 1.03%. Understanding how these areas compare with Wingett Run provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wingett Run Tax Rate
1.03%
Average Monroe County Tax Rate
1.01%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wingett Run, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45789 | 0.82% | 1.00% | 1.03% | 1.03% | 1.03% |
Source: Ownwell
Property Tax Assessment Values Across Wingett Run, Ohio
In Wingett Run, 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 Monroe 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 Wingett Run, 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 Wingett Run helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 45789, with a median tax bill of $674.
Average Wingett Run Assessed Value
$85,000
Average Monroe County Assessed Value
$70,885
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wingett Run, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45789 | $39,074 | $59,230 | $85,000 | $124,570 | $175,440 |
Source: Ownwell
Property Tax Bills Across Wingett Run, Ohio
In Wingett Run, Monroe County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county's tax rate is applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $85,000, homeowners can expect tax bills ranging from $575 at the 25th percentile to $1,456 at the 90th percentile. The highest and lowest median tax bills in the area are both $674, indicating a relatively consistent tax burden across different properties. Several factors influence the tax bill, including the property’s assessed value, local tax rates, and any applicable exemptions or deductions. These taxes are crucial for funding public services such as schools, infrastructure, and emergency services. For homeowners, understanding these factors is essential for financial planning and anticipating annual expenses. Compared to the national median property tax rate of 0.99%, Wingett Run’s tax rates reflect the local economic conditions and funding requirements.
Average Wingett Run Tax Bill
$674
Average Monroe County Tax Bill
$677
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Wingett Run, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45789 | $402 | $575 | $674 | $1,137 | $1,456 |
Source: Ownwell