Winchester, Ohio Property Taxes
The median property tax rate in Winchester, OH is 1.54%, which is notably higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $77,800 in Winchester, the typical annual property tax bill amounts to $1,225, falling below the national median of $2,690. Property taxes in Winchester are determined based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Winchester's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Winchester or another part of the city, gaining insight into the local property tax system is crucial for financial planning and investment strategies.
Last Updated June 14, 2024
Winchester, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.54%
Estimate Property Tax Bill
$1,198
Ownwell’s Winchester Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winchester with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winchester 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 Winchester, Ohio
Property taxes in Winchester, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winchester is 1.54%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Winchester set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winchester 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 Winchester's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45697 zip code has the highest median property tax rate of 1.54%, while the 45697 zip code also has the lowest median tax rate of 1.54%. Understanding how these cities compare with Winchester 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 Winchester Tax Rate
1.54%
Average Adams County Tax Rate
1.44%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winchester, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45697 | 0.73% | 1.27% | 1.54% | 1.79% | 2.11% |
Source: Ownwell
Property Tax Assessment Values Across Winchester, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Winchester, Ohio. The market value represents 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 Winchester, 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 Winchester helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 45697 in Winchester has the highest median tax bill at $1,225.
Average Winchester Assessed Value
$77,800
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 Winchester, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45697 | $13,850 | $35,650 | $77,800 | $152,000 | $284,000 |
Source: Ownwell
Property Tax Bills Across Winchester, Ohio
Property tax bills in Winchester, located in Adams County, OH, are calculated based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value, determined by the county assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $77,800, the tax bill can vary significantly, reflecting the diverse property values and tax rates in the area. Homeowners in Winchester experience a wide range of tax bills, with amounts at the 25th percentile being around $583, while those at the 75th percentile reach approximately $2,096. At the 90th percentile, tax bills can be as high as $3,013. The highest and lowest median tax bills in the area both stand at $1,225, illustrating the variability in property taxation. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Winchester Tax Bill
$1,225
Average Adams County Tax Bill
$833
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Winchester, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45697 | $222 | $583 | $1,225 | $2,096 | $3,013 |
Source: Ownwell