Aberdeen, Ohio Property Taxes
The median property tax rate in Aberdeen, OH is 0.70%, significantly lower than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value of $153,500 in Aberdeen, the typical annual property tax bill is $1,261, which is well below the national median of $2,690. Property taxes in Aberdeen are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Aberdeen'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 Aberdeen or another part of Adams County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Aberdeen, 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 Aberdeen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aberdeen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aberdeen 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 Aberdeen, Ohio
Property taxes in Aberdeen, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aberdeen is 0.70%, which is lower than both the Ohio state median of 1.48% and the U.S. national median of 0.99%. Local government entities within Aberdeen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aberdeen 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 Aberdeen's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45101 zip code has the highest median property tax rate of 0.70%, while the 45101 zip code also has the lowest median tax rate of 0.70%. Understanding how these cities compare with Aberdeen provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aberdeen Tax Rate
0.70%
Average Adams County Tax Rate
1.44%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aberdeen, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45101 | 0.30% | 0.35% | 0.70% | 1.18% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Aberdeen, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Aberdeen, Ohio. 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 Adams 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 Aberdeen, 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. For instance, the median home price in Aberdeen is $153,500, and the median tax bill ranges from $1,020 at the 25th percentile to $1,693 at the 90th percentile. The highest and lowest median tax bills are both $1,261, found in the 45101 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. This awareness helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Aberdeen Assessed Value
$153,500
Average Adams County Assessed Value
$61,700
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aberdeen, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45101 | $91,320 | $120,750 | $153,500 | $366,600 | $404,640 |
Source: Ownwell
Property Tax Bills Across Aberdeen, Ohio
Property tax bills in Aberdeen, located in Adams County, OH, are determined by several factors, primarily the assessed value of the property and the local tax rate. The assessed value is a percentage of the property's market value, which is periodically evaluated by county officials. For instance, if a home in Aberdeen has a median home price of $153,500, the assessed value will be a fraction of this amount, depending on the county's assessment ratio. The tax rate applied to this assessed value is set by local government entities and can vary based on budgetary needs for public services such as schools, infrastructure, and emergency services. In Aberdeen, the median property tax bill is $1,261, which is higher than the national median property tax rate of 0.99%. Homeowners in Aberdeen can expect their annual tax bills to fall between $1,020 at the 25th percentile and $1,693 at the 90th percentile. These taxes directly impact homeowners by influencing their overall housing costs and potentially affecting property values in the long term.
Average Aberdeen Tax Bill
$1,261
Average Adams County Tax Bill
$833
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Aberdeen, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45101 | $886 | $1,020 | $1,261 | $1,379 | $1,693 |
Source: Ownwell