Perrysville, Ohio Property Taxes
The median property tax rate in Perrysville, OH is 1.43%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Perrysville at $118,800, the typical annual property tax bill reaches $1,664, which exceeds the national median of $2,690. Property taxes in Perrysville 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 Perrysville'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 Perrysville 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
Perrysville, 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 Perrysville Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Perrysville. By simply entering your property's estimated assessed value, the calculator applies the median tax rate in Perrysville to provide an accurate estimate of your property tax bill. This easy-to-use tool offers a clear understanding of your potential tax liabilities, helping you make informed decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value is determined by the county and is used for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Perrysville, Ohio
Property taxes in Perrysville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Perrysville is 1.43%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Perrysville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Perrysville 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 Perrysville's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 44864 has the highest median property tax rate of 1.43%, while the lowest median tax rate in the area is also 1.43%. Understanding how these cities compare with Perrysville 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 Perrysville Tax Rate
1.43%
Average Richland County Tax Rate
1.92%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Perrysville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44864 | 0.69% | 1.26% | 1.43% | 1.61% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Perrysville, Ohio
In Perrysville, 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 Perrysville, 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 Perrysville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 44864 in Perrysville has both the highest and lowest median tax bill at $1,664.
Average Perrysville Assessed Value
$118,800
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 Perrysville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44864 | $39,572 | $75,100 | $118,800 | $205,330 | $311,806 |
Source: Ownwell
Property Tax Bills Across Perrysville, Ohio
In Perrysville, Richland County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. This assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. The tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the assessed value, including the property's location, size, age, and condition. For homeowners in Perrysville, the median home price stands at $118,800. Property tax bills can vary significantly, with the 25th percentile at $1,061 and the 75th percentile at $2,443. At the 90th percentile, homeowners might see tax bills as high as $3,540. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Perrysville's rates reflect the local economic and real estate conditions, influencing how much homeowners contribute annually.
Average Perrysville Tax Bill
$1,664
Average Richland County Tax Bill
$1,633
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Perrysville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44864 | $529 | $1,061 | $1,664 | $2,443 | $3,540 |
Source: Ownwell