Bellville, Ohio Property Taxes
The median property tax rate in Bellville, OH is 1.47%, which is notably higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With the median home value in Bellville at $131,370, the typical annual property tax bill amounts to $1,912, which is below the national median of $2,690. Property taxes in Bellville are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Bellville'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 Bellville or another part of Richland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bellville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$1,931
Ownwell’s Bellville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bellville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bellville 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 Bellville, Ohio
Property taxes in Bellville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bellville is 1.47%, notably higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Bellville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bellville 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 Bellville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44813 zip code has the highest median property tax rate of 1.47%, while the same zip code also has the lowest median tax rate of 1.47%. Understanding how these cities compare with Bellville provides valuable insights into the varying tax landscape across Richland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bellville Tax Rate
1.47%
Average Richland County Tax Rate
1.92%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bellville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44813 | 0.99% | 1.39% | 1.47% | 1.84% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Bellville, Ohio
In Bellville, 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 Richland 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 Bellville, 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 Bellville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bellville is $131,370, with the 25th percentile tax bill at $1,305 and the 75th percentile tax bill at $2,691. The highest and lowest median tax bills both stand at $1,912 in the 44813 zip code.
Average Bellville Assessed Value
$131,370
Average Richland County Assessed Value
$93,590
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bellville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44813 | $37,386 | $85,570 | $131,370 | $189,620 | $266,586 |
Source: Ownwell
Property Tax Bills Across Bellville, Ohio
Property tax bills in Bellville, situated in Richland County, OH, are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value, which in Bellville is influenced by factors such as location, property size, and home improvements. Once the assessed value is determined, it is multiplied by the local tax rate to arrive at the annual tax bill. For instance, with a median home price of $131,370, homeowners in Bellville can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $1,305, while the 75th percentile tax bill is approximately $2,691. Those in the 90th percentile might see tax bills as high as $3,673. Compared to the national median property tax rate of 0.99%, Bellville's property tax rates can have a considerable impact on homeowners, influencing decisions related to buying, selling, or renovating properties. Understanding these factors is crucial for effective financial planning and property management.
Average Bellville Tax Bill
$1,912
Average Richland County Tax Bill
$1,633
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bellville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44813 | $680 | $1,305 | $1,912 | $2,691 | $3,673 |
Source: Ownwell