Zaleski, Ohio Property Taxes
The median property tax rate in Zaleski, OH is 1.57%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Zaleski, the typical annual property tax bill reaches $272, significantly below the national median of $2,690. Property taxes in Zaleski 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 Zaleski'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 Zaleski or another part of Vinton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Zaleski, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$415
Ownwell’s Zaleski Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Zaleski with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Zaleski 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 Zaleski, Ohio
Property taxes in Zaleski, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Zaleski stands at 1.57%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Zaleski set these rates annually, and they can vary significantly across different neighborhoods. Each year, Zaleski 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 Zaleski's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45698 zip code has both the highest and lowest median property tax rate of 1.57%. Understanding how these cities compare with Zaleski 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 Zaleski Tax Rate
1.57%
Average Vinton County Tax Rate
1.27%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Zaleski, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45698 | 0.62% | 0.80% | 1.57% | 1.60% | 3.15% |
Source: Ownwell
Property Tax Assessment Values Across Zaleski, Ohio
In Zaleski, 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 Zaleski, 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 Zaleski 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 $272 in the 45698 zip code, providing a benchmark for property owners to evaluate their own assessments.
Average Zaleski Assessed Value
$26,425
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 Zaleski, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45698 | $2,851 | $8,898 | $26,425 | $58,358 | $87,663 |
Source: Ownwell
Property Tax Bills Across Zaleski, Ohio
In Zaleski, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. Homeowners in Zaleski, located in Vinton County, typically see a range of property tax bills. For example, the tax bill at the 25th percentile is $113, while at the 75th percentile, it rises to $820, and at the 90th percentile, it reaches $1,435. The median home price in Zaleski is relatively low at $26,425, which contributes to the generally lower property tax bills compared to the national median property tax rate of 0.99%. The highest median tax bill in the area is $272, found in the 45698 zip code. These tax bills impact homeowners by influencing their overall housing costs, potentially affecting affordability and long-term financial planning. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their budgets accordingly.
Average Zaleski Tax Bill
$272
Average Vinton County Tax Bill
$541
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Zaleski, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45698 | $38 | $113 | $272 | $820 | $1,435 |
Source: Ownwell