Reno, Ohio Property Taxes
The median property tax rate in Reno, Ohio is 1.08%, slightly higher than the national median of 0.99% but significantly lower than the Ohio state median of 1.80%. With a median home value of $114,070 in Reno, the typical annual property tax bill amounts to $1,263, which is below the national median of $2,690. Property taxes in Reno are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Reno'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 Reno 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
Reno, 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 Reno Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Reno with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reno 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 Reno, Ohio
Property taxes in Reno, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Reno is 1.08%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Reno set these rates annually, and they can vary significantly across different neighborhoods. Each year, Reno 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 Reno's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45773 zip code has the highest median property tax rate of 1.08%, while the 45773 zip code also has the lowest median tax rate of 1.08%. Understanding how these cities compare with Reno provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Reno Tax Rate
1.08%
Average Washington County Tax Rate
1.22%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reno, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45773 | 0.85% | 1.01% | 1.08% | 1.21% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Reno, Ohio
In Reno, 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 Washington 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 Reno, 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. For instance, the highest median tax bill in the area is $1,263 in the 45773 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Reno Assessed Value
$114,070
Average Washington County Assessed Value
$106,255
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Reno, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45773 | $9,285 | $44,575 | $114,070 | $169,680 | $219,168 |
Source: Ownwell
Property Tax Bills Across Reno, Ohio
In Reno, Washington County, OH, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in this area is $114,070. The local tax rate is applied to the assessed value to determine the annual tax bill. For example, homeowners in the 25th percentile can expect to pay around $481 annually, while those in the 75th percentile might see bills closer to $1,777. The 90th percentile tax bill can reach up to $2,279. Several factors influence these tax bills, including property size, location, and improvements. Additionally, local government budgets and school funding needs can affect tax rates, leading to variations even within the same county. Compared to the national median property tax rate of 0.99%, Reno's tax rates can be seen as relatively moderate, impacting homeowners by contributing to essential public services while also influencing housing affordability.
Average Reno Tax Bill
$1,263
Average Washington County Tax Bill
$1,235
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Reno, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45773 | $111 | $481 | $1,263 | $1,777 | $2,279 |
Source: Ownwell