Whipple, Ohio Property Taxes
The median property tax rate in Whipple, OH is 1.09%, slightly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Whipple, the typical annual property tax bill reaches $1,007, which is below the national median of $2,690. Property taxes in Whipple are calculated based on the tax assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Whipple'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 Whipple or another part of Washington County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Whipple, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.09%
Estimate Property Tax Bill
$1,114
Ownwell’s Whipple Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Whipple with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Whipple 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 Whipple, Ohio
Property taxes in Whipple, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Whipple is 1.09%, which is higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Whipple set these rates annually, and they can vary significantly across different neighborhoods. Each year, Whipple 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 Whipple's effective property tax rate to other areas in Ohio and the national median. For comparison, the ZIP code 45788 has both the highest and lowest median property tax rate of 1.09%. Understanding how these areas compare with Whipple 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 Whipple Tax Rate
1.09%
Average Washington County Tax Rate
1.22%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Whipple, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45788 | 0.74% | 1.01% | 1.09% | 1.17% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Whipple, Ohio
In Whipple, 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 Whipple, 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 Whipple helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 45788 at $1007, which is also the lowest median tax bill in the area.
Average Whipple Assessed Value
$102,240
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 Whipple, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45788 | $5,160 | $42,010 | $102,240 | $155,340 | $216,656 |
Source: Ownwell
Property Tax Bills Across Whipple, Ohio
In Whipple, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Whipple stands at $102,240. Property tax rates in Washington County are applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and local tax rates influence the assessed value. Homeowners in Whipple can expect their tax bills to vary significantly, with the 25th percentile at $431 and the 75th percentile reaching $1,564. At the 90th percentile, tax bills can go up to $2,143. These variations highlight how different factors can impact the final amount. Comparatively, the national median property tax rate is 0.99%, providing a benchmark for understanding local rates. Homeowners should be aware of these factors, as they directly affect their annual financial obligations and overall property costs.
Average Whipple Tax Bill
$1,007
Average Washington County Tax Bill
$1,235
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Whipple, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45788 | $72 | $431 | $1,007 | $1,564 | $2,143 |
Source: Ownwell