Wheelersburg, Ohio Property Taxes
The median property tax rate in Wheelersburg, OH is 1.59%, considerably higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With the median home value in Wheelersburg, the typical annual property tax bill reaches $1,562, which is below the national median of $2,690. Property taxes in Wheelersburg are calculated based on the tax assessed value, typically lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Wheelersburg'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 Wheelersburg or another part of Scioto County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wheelersburg, 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 Wheelersburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wheelersburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wheelersburg 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 Wheelersburg, Ohio
Property taxes in Wheelersburg, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wheelersburg is 1.59%, significantly higher than the U.S. national median of 0.99%. Local government entities within Wheelersburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wheelersburg 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 Wheelersburg's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45694 zip code has the highest median property tax rate of 1.59%, while the 45694 zip code also has the lowest median tax rate of 1.59%. Understanding how these areas compare with Wheelersburg 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 Wheelersburg Tax Rate
1.59%
Average Scioto County Tax Rate
1.59%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wheelersburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45694 | 1.11% | 1.38% | 1.59% | 1.63% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Wheelersburg, Ohio
In Wheelersburg, 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 Wheelersburg, 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. The median home price in Wheelersburg is $104,545, with tax bills ranging from $859 at the 25th percentile to $3,626 at the 90th percentile. The highest and lowest median tax bills are both $1,562 in the 45694 zip code. By understanding these valuation processes, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wheelersburg Assessed Value
$104,545
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 Wheelersburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45694 | $23,001 | $61,210 | $104,545 | $157,105 | $240,147 |
Source: Ownwell
Property Tax Bills Across Wheelersburg, Ohio
In Wheelersburg, located in Scioto County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor, who evaluates the property's market value and applies an assessment ratio. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $104,545, homeowners can expect a tax bill that varies widely depending on the specific valuation and applicable exemptions. Factors influencing the tax bill include property size, location, and any improvements made to the home. In Wheelersburg, the 25th percentile tax bill is $859, while the 75th percentile reaches $2,416, and the 90th percentile hits $3,626. These figures reflect the range of property values and tax rates within the area. Compared to the national median property tax rate of 0.99%, Wheelersburg's rates can significantly impact homeowners, potentially leading to higher or lower annual expenses based on individual property assessments.
Average Wheelersburg Tax Bill
$1,562
Average Scioto County Tax Bill
$1,073
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Wheelersburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45694 | $311 | $859 | $1,562 | $2,416 | $3,626 |
Source: Ownwell