Greenwich, Ashland County, Ohio Property Taxes
The median property tax rate in Greenwich, Ohio is 1.33%, which is considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Greenwich at $115,720, the typical annual property tax bill reaches $1,474, exceeding the national median of $2,690. Property taxes in Greenwich 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 Greenwich'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 Greenwich 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
Greenwich, Ashland County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$1,539
$1,428
Ownwell’s Greenwich Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greenwich with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greenwich 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 Greenwich, Ashland County, Ohio
Property taxes in Greenwich, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greenwich is 1.33%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Greenwich set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greenwich 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 Greenwich's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44837 zip code has the highest median property tax rate of 1.33%, while the same zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Greenwich 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 Greenwich Tax Rate
1.33%
Average Ashland County Tax Rate
1.52%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greenwich, Ashland County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44837 | 1.02% | 1.31% | 1.33% | 1.41% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Greenwich, Ashland County, Ohio
In Greenwich, 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 Ashland 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 Greenwich, 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 Greenwich 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 44837 at $1474, while the lowest is also 44837 at $1474.
Property Tax Assessment Values Across Greenwich, Ashland County, Ohio
Source: Ownwell
$73,670
$109,850
$146,030
Average Greenwich Assessed Value
$115,720
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 Greenwich, Ashland County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44837 | $26,460 | $70,920 | $115,720 | $164,170 | $217,352 |
Source: Ownwell
Property Tax Bills Across Greenwich, Ashland County, Ohio
In Greenwich, OH, property tax bills are calculated based on the assessed value of the home, which is determined by the local tax assessor. This assessed value is a percentage of the market value of the property. The tax rate, applied to this assessed value, is set by the local government and varies depending on community needs and budgets. For homeowners in Greenwich, the median home price is $115,720, with tax bills ranging widely. At the 25th percentile, tax bills are around $808, while at the 75th percentile, they rise to $2,127. The top 10% of tax bills can reach up to $2,846. Comparing these figures to the national median property tax rate of 0.99%, Greenwich's tax rates reflect its specific economic and governmental conditions. These property taxes fund essential local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. For homeowners, understanding these factors is crucial for budgeting and financial planning.
Average Greenwich Tax Bill
$1,474
Average Ashland County Tax Bill
$1,522
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Greenwich, Ashland County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44837 | $311 | $808 | $1,474 | $2,127 | $2,846 |
Source: Ownwell