Plain City, Ohio Property Taxes
The median property tax rate in Plain City, OH is 2.03%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Plain City at $428,230, the typical annual property tax bill reaches $8,481, far exceeding the national median of $2,690. Property taxes in Plain City 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 Plain City'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 Plain City 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
Plain City, 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 Plain City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plain City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plain City 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 Plain City, Ohio
Property taxes in Plain City, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plain City is 2.03%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Plain City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plain City 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 Plain City's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43064 zip code has the highest median property tax rate of 2.03%, while the same 43064 zip code also has the lowest median tax rate of 2.03%. Understanding how these cities compare with Plain City provides valuable insights into the varying tax landscape across Union County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Plain City Tax Rate
2.03%
Average Union County Tax Rate
1.44%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plain City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43064 | 1.35% | 1.38% | 2.03% | 2.45% | 2.56% |
Source: Ownwell
Property Tax Assessment Values Across Plain City, Ohio
In Plain City, 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 Union County 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 Plain City, 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 Plain City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 43064 has the highest median tax bill at $8,481, which is significantly above the national median property tax rate of 0.99%.
Average Plain City Assessed Value
$428,230
Average Union County Assessed Value
$249,955
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Plain City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43064 | $159,410 | $283,920 | $428,230 | $538,780 | $686,180 |
Source: Ownwell
Property Tax Bills Across Plain City, Ohio
In Plain City, Union County, OH, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Plain City is $428,230. Property taxes are calculated by multiplying the assessed value by the local tax rate. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Plain City experience a range in their property tax bills. For instance, those in the 25th percentile pay around $4,632, while those in the 75th percentile face bills as high as $12,298. The top 10% of property tax bills can reach up to $15,661. The highest median tax bill recorded in the area is $8,481, and interestingly, the lowest median tax bill is also $8,481, both within the zip code 43064. These taxes fund essential local services such as schools, infrastructure, and emergency services, making them a crucial aspect of community development and homeowner responsibility.
Average Plain City Tax Bill
$8,481
Average Union County Tax Bill
$3,900
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Plain City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43064 | $2,854 | $4,632 | $8,481 | $12,298 | $15,661 |
Source: Ownwell