Risingsun, Ohio Property Taxes
The median property tax rate in Risingsun, OH is 1.35%, which is higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Risingsun at $120,500, the typical annual property tax bill reaches $1,597, falling below the national median of $2,690. Property taxes in Risingsun are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Risingsun'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 Risingsun 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
Risingsun, 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 Rising Sun Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rising Sun with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rising Sun 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 Risingsun, Ohio
Property taxes in Rising Sun, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rising Sun is 1.35%, which is significantly higher than both the Ohio state median of 1.41% and the U.S. national median of 0.99%. Local government entities within Rising Sun set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rising Sun 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 Rising Sun's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43457 has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Rising Sun provides valuable insights into the varying tax landscape across Sandusky County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Risingsun Tax Rate
1.35%
Average Sandusky County Tax Rate
1.42%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Risingsun, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43457 | 1.00% | 1.28% | 1.35% | 1.38% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Risingsun, Ohio
In Risingsun, 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 Sandusky 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 Risingsun, 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. The highest median tax bill in Risingsun is $1,597, found in the 43457 zip code, which also has the lowest median tax bill of $1,597. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Risingsun Assessed Value
$120,500
Average Sandusky County Assessed Value
$110,300
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Risingsun, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43457 | $58,500 | $86,300 | $120,500 | $166,700 | $251,700 |
Source: Ownwell
Property Tax Bills Across Risingsun, Ohio
In Risingsun, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value of the property. For example, in Sandusky County, where Risingsun is located, the assessed value is typically a fraction of the actual market value of homes. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. Several factors influence the tax bill, including the market value of the home, the local tax rate, and any applicable exemptions. Homeowners in Risingsun see a wide range in their property tax bills. At the 25th percentile, the tax bill is around $1,150, while at the 75th percentile, it rises to approximately $2,293. For homeowners at the 90th percentile, the tax bill can reach up to $3,289. Compared to the national median property tax rate of 0.99%, Risingsun’s property tax rates can significantly impact homeowners, creating a substantial financial consideration for residents.
Average Risingsun Tax Bill
$1,597
Average Sandusky County Tax Bill
$1,549
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Risingsun, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43457 | $642 | $1,150 | $1,597 | $2,293 | $3,289 |
Source: Ownwell