Butler, Ohio Property Taxes
The median property tax rate in Butler, Ohio is 1.64%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.52%. With the median home value in Butler, the typical annual property tax bill reaches $2,166, exceeding the national median of $2,690. Property taxes in Butler 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 Butler'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 Butler 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
Butler, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$1,968
Ownwell’s Butler Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Butler with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Butler to project your property tax bill. This valuable resource helps you understand potential tax liabilities, enabling more informed financial decisions. For those interested in neighborhood-level trends, additional localized information is available by scrolling down. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Butler, Ohio
Property taxes in Butler, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Butler is 1.57%, higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Butler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Butler 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 Butler's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44822 zip code has the highest median property tax rate of 1.57%, while the same zip code also has the lowest median tax rate of 1.57%. Understanding how these cities compare with Butler provides valuable insights into the varying tax landscape across Ashland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Butler Tax Rate
1.49%
Average Ashland County Tax Rate
1.52%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Butler, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44822 | 1.27% | 1.41% | 1.49% | 1.49% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Butler, Ohio
In Butler, 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 local 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 Butler, 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 Butler 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 44822, with a tax bill of $1,965, while the lowest is also 44822, with the same tax bill amount.
Average Butler Assessed Value
$132,100
Average Ashland County Assessed Value
$108,690
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Butler, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44822 | $63,285 | $86,798 | $132,100 | $190,400 | $237,308 |
Source: Ownwell
Property Tax Bills Across Butler, Ohio
In Butler, Ashland County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate to arrive at the annual tax bill. The median home price in Butler is $132,100, and the property tax rate in Ashland County is relatively moderate compared to the national median property tax rate of 0.99%. Several factors influence the property tax bill, including the home's assessed value, local tax rates, and applicable exemptions. Homeowners in the 25th percentile of tax bills can expect to pay around $1,294 annually, while those in the 75th percentile may see bills as high as $2,623. For those in the 90th percentile, the tax bill can reach up to $2,950. The highest and lowest median tax bills in the county are both $1,965, which indicates a consistent application of tax rates across different properties. Understanding these factors helps homeowners anticipate their property tax obligations and budget accordingly.
Average Butler Tax Bill
$1,965
Average Ashland County Tax Bill
$1,522
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Butler, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44822 | $946 | $1,294 | $1,965 | $2,623 | $2,950 |
Source: Ownwell