Hallsville, Ohio Property Taxes
The median property tax rate in Hallsville, OH is 1.26%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Hallsville at $64,140, the typical annual property tax bill amounts to $805, which is significantly below the national median of $2,690. Property taxes in Hallsville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Hallsville'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 Hallsville 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
Hallsville, 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 Hallsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hallsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hallsville 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 Hallsville, Ohio
Property taxes in Hallsville, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hallsville is 1.26%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hallsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hallsville 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 Hallsville's effective property tax rate to other areas in Ohio and the national median. For comparison, the 45633 zip code has the highest median property tax rate of 1.26%, while the same zip code also has the lowest median tax rate of 1.26%. Understanding how these areas compare with Hallsville provides valuable insights into the varying tax landscape across Ross County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hallsville Tax Rate
1.26%
Average Ross County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hallsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45633 | 1.23% | 1.24% | 1.26% | 1.26% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Hallsville, Ohio
In Hallsville, 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 Ross County Auditor 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 Hallsville, 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 Hallsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 45633 has both the highest and lowest median tax bill, standing at $805.
Average Hallsville Assessed Value
$64,140
Average Ross County Assessed Value
$96,810
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hallsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45633 | $22,076 | $37,850 | $64,140 | $188,975 | $263,876 |
Source: Ownwell
Property Tax Bills Across Hallsville, Ohio
In Hallsville, Ross County, OH, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in this region stands at $64,140. Property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For homeowners, the tax bill can vary significantly. For instance, the 25th percentile tax bill is $473, while the 75th percentile tax bill reaches $2,397. At the higher end, the 90th percentile tax bill is $3,352. These variations can impact household budgets, making it crucial for homeowners to understand their assessment and potential exemptions. Compared to the national median property tax rate of 0.99%, Hallsville's tax bills can be relatively high or low depending on the specific property. Homeowners should stay informed about their property’s assessed value and local tax rates to manage their financial obligations effectively.
Average Hallsville Tax Bill
$805
Average Ross County Tax Bill
$1,236
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Hallsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45633 | $274 | $473 | $805 | $2,397 | $3,352 |
Source: Ownwell