Green Springs, Ohio Property Taxes
The median property tax rate in Green Springs, OH is 1.49%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $89,560 in Green Springs, the typical annual property tax bill comes to $1,363, which is below the national median of $2,690. Property taxes in Green Springs are calculated based on the assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Green Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Green Springs or another part of Seneca County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Green Springs, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$1,334
Ownwell’s Green Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Green Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Green Springs 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 Green Springs, Ohio
Property taxes in Green Springs, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Green Springs is 1.49%, significantly higher than the U.S. national median of 0.99%. Local government entities within Green Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Green Springs 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 Green Springs' effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 44836 has the highest median property tax rate of 1.49%, while the same zip code also has the lowest median tax rate of 1.49%. Understanding how these figures compare with Green Springs provides valuable insights into the varying tax landscape across Seneca County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Green Springs Tax Rate
1.49%
Average Seneca County Tax Rate
1.43%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Green Springs, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44836 | 0.97% | 1.38% | 1.49% | 1.80% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Green Springs, Ohio
In Green Springs, 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 Seneca 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 Green Springs, 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 Green Springs helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,363, found in the zip code 44836.
Average Green Springs Assessed Value
$89,560
Average Seneca County Assessed Value
$95,080
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Green Springs, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44836 | $45,150 | $61,760 | $89,560 | $138,260 | $226,160 |
Source: Ownwell
Property Tax Bills Across Green Springs, Ohio
In Green Springs, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, and local tax rates are applied to this assessed value to calculate the tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions or deductions. For homeowners in Green Springs, the median home price is $89,560. The property tax rate for Seneca County is relatively high compared to the national median of 0.99%. Homeowners in the 25th percentile can expect a tax bill of around $1,026, while those in the 75th percentile might see bills as high as $2,118. At the 90th percentile, tax bills can reach up to $3,066. These rates can significantly impact homeowners' annual expenses, making property taxes a crucial consideration when budgeting for homeownership in Green Springs.
Average Green Springs Tax Bill
$1,363
Average Seneca County Tax Bill
$1,391
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Green Springs, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44836 | $733 | $1,026 | $1,363 | $2,118 | $3,066 |
Source: Ownwell