Pemberton, Ohio Property Taxes
The median property tax rate in Pemberton, OH is 1.66%, notably higher than the national median of 0.99% but slightly below the Ohio state median of 1.80%. With the median home value in Pemberton at $36,790, the typical annual property tax bill is $572, which is significantly lower than the national median of $2,690. Property taxes in Pemberton are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Pemberton'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 Pemberton 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
Pemberton, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$611
Ownwell’s Pemberton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pemberton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pemberton to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in seeing trends on a neighborhood level, more localized information is available below. 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 Pemberton, Ohio
Property taxes in Pemberton, Ohio, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pemberton is 1.66%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Pemberton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pemberton 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 Pemberton's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45353 zip code has the highest median property tax rate of 1.66%, while the same zip code also has the lowest median tax rate of 1.66%. Understanding how these cities compare with Pemberton provides valuable insights into the varying tax landscape across Shelby County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pemberton Tax Rate
1.66%
Average Shelby County Tax Rate
1.56%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pemberton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45353 | 0.95% | 1.54% | 1.66% | 1.73% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Pemberton, Ohio
In Pemberton, 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 Shelby 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 Pemberton, 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 Pemberton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $572.00 in zip code 45353, while the lowest is also $572.00 in the same zip code.
Average Pemberton Assessed Value
$36,790
Average Shelby County Assessed Value
$119,350
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pemberton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45353 | $6,362 | $10,915 | $36,790 | $52,900 | $63,884 |
Source: Ownwell
Property Tax Bills Across Pemberton, Ohio
In Pemberton, located in Shelby County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and is a percentage of the property's market value. Homeowners in Pemberton face property tax rates that can significantly impact their annual expenses. For instance, the median home price in Pemberton is $36,790, which, when combined with the local tax rate, results in varying tax bills. Tax bills in this area range widely, with the 25th percentile at $184 and the 75th percentile reaching $845. At the higher end, the 90th percentile tax bill is $1,021. These figures illustrate the variability in tax burdens depending on property values and specific assessments. Compared to the national median property tax rate of 0.99%, Pemberton's rates can be seen as relatively moderate, but they still represent a significant cost for homeowners. Understanding these factors is crucial for residents to manage their finances and plan for their annual property tax obligations.
Average Pemberton Tax Bill
$572
Average Shelby County Tax Bill
$1,867
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Pemberton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45353 | $96 | $184 | $572 | $845 | $1,021 |
Source: Ownwell