Stout, Ohio Property Taxes
The median property tax rate in Stout, OH is 1.64%, considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Stout at $107,350, the typical annual property tax bill reaches $1,653, which is below the national median of $2,690. Property taxes in Stout are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Stout'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 Stout 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
Stout, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.64%
Estimate Property Tax Bill
$1,761
Ownwell’s Stout Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Stout with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Stout to project your property tax bill. This valuable tool helps you understand potential tax obligations. For those interested in neighborhood-level trends, further localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Stout, Ohio
Property taxes in Stout, Ohio, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Stout is 1.64%, significantly higher than the U.S. national median of 0.99%. Local government entities within Stout set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stout 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 Stout's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45684 zip code has both the highest and lowest median property tax rate of 1.64%. Understanding how these cities compare with Stout provides valuable insights into the varying tax landscape across Scioto County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stout Tax Rate
1.64%
Average Scioto County Tax Rate
1.59%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stout, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45684 | 1.19% | 1.53% | 1.64% | 1.67% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Stout, Ohio
In STOUT, 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 Scioto 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 STOUT, 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 STOUT helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Scioto County is $1,653 in zip code 45684, while the lowest is also $1,653 in the same zip code.
Average Stout Assessed Value
$107,350
Average Scioto County Assessed Value
$71,410
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stout, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45684 | $22,995 | $51,845 | $107,350 | $183,090 | $268,755 |
Source: Ownwell
Property Tax Bills Across Stout, Ohio
In STOUT, located in Scioto County, OH, property tax bills are determined based on the assessed value of a home and the applicable tax rate. The assessed value is a percentage of the home's market value, which is then multiplied by the local tax rate to calculate the tax bill. For instance, with a median home price of $107,350, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Several factors influence the tax bill, including the property's location within the county, any applicable exemptions, and changes in local government budgets. Homeowners in STOUT typically see tax bills ranging from $718 at the 25th percentile to $4,376 at the 90th percentile. This wide range reflects the diversity in property values and individual circumstances. Compared to the national median property tax rate of 0.99%, STOUT's tax rates can significantly impact homeowners' annual financial planning. Understanding these factors can help homeowners anticipate their tax obligations and manage their finances more effectively.
Average Stout Tax Bill
$1,653
Average Scioto County Tax Bill
$1,073
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Stout, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45684 | $291 | $718 | $1,653 | $2,882 | $4,376 |
Source: Ownwell