Wilkesville, Ohio Property Taxes
The median property tax rate in Wilkesville, OH is 1.27%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $47,040 in Wilkesville, the typical annual property tax bill is approximately $501, significantly below the national median of $2,690. Property taxes in Wilkesville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wilkesville'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 Wilkesville 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
Wilkesville, 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 Wilkesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wilkesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wilkesville 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 Wilkesville, Ohio
Property taxes in Wilkesville, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wilkesville is 1.27%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Wilkesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wilkesville 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 Wilkesville's effective property tax rate to other counties in Ohio and the national median. For comparison, the ZIP code 45695 has the highest median property tax rate of 1.27%, while it also has the lowest median tax rate of 1.27%. Understanding how these areas compare with Wilkesville provides valuable insights into the varying tax landscape across Vinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wilkesville Tax Rate
1.27%
Average Vinton County Tax Rate
1.27%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wilkesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45695 | 0.63% | 0.65% | 1.27% | 1.30% | 3.52% |
Source: Ownwell
Property Tax Assessment Values Across Wilkesville, Ohio
In Wilkesville, 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 Vinton 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 Wilkesville, 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 Wilkesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Wilkesville is $47,040. The median tax bill ranges significantly, with the 25th percentile at $172 and the 90th percentile reaching $2,124. The zip code 45695 has both the highest and lowest median tax bill at $501.
Average Wilkesville Assessed Value
$47,040
Average Vinton County Assessed Value
$50,680
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wilkesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45695 | $5,608 | $15,140 | $47,040 | $84,815 | $131,822 |
Source: Ownwell
Property Tax Bills Across Wilkesville, Ohio
In Wilkesville, located in Vinton County, OH, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence this tax bill, including the property's location within the county, the specific tax rate applied, and any applicable exemptions or deductions. For homeowners in Wilkesville, the tax bill can vary significantly. For instance, the 25th percentile tax bill is $172, while the 75th percentile reaches $1,093, and the 90th percentile climbs to $2,124. The median tax bill in the area is $501, which is notably lower than the national median property tax rate of 0.99%. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and public safety, thereby affecting both the community's quality of life and the homeowner's financial planning.
Average Wilkesville Tax Bill
$501
Average Vinton County Tax Bill
$541
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Wilkesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45695 | $65 | $172 | $501 | $1,093 | $2,124 |
Source: Ownwell