Sullivan, Ohio Property Taxes
The median property tax rate in Sullivan, OH is 1.35%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $128,630 in Sullivan, the typical annual property tax bill reaches $1,646, still below the national median of $2,690. Property taxes in Sullivan are calculated based on the assessed value, typically lower than market value due to exemptions like the primary residence and agricultural exemptions. Understanding Sullivan’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 Sullivan 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
Sullivan, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$1,737
Ownwell’s Sullivan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sullivan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sullivan 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 Sullivan, Ohio
Property taxes in Sullivan, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Sullivan is 1.35%, which is higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Sullivan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sullivan 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 Sullivan's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44880 zip code has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Sullivan 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 Sullivan Tax Rate
1.35%
Average Ashland County Tax Rate
1.52%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sullivan, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44880 | 1.04% | 1.28% | 1.35% | 1.36% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Sullivan, Ohio
In Sullivan, 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 Sullivan, 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 Sullivan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Sullivan are both $1,646 in the 44880 zip code, reflecting a notable consistency in property tax rates across the area.
Average Sullivan Assessed Value
$128,630
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 Sullivan, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44880 | $45,132 | $87,500 | $128,630 | $169,010 | $208,706 |
Source: Ownwell
Property Tax Bills Across Sullivan, Ohio
In Sullivan, Ashland County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Various factors such as the property's location, size, and condition are considered to estimate this value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For homeowners in Sullivan, the median home price is $128,630. Property tax bills can vary significantly, with the 25th percentile at $1,084 and the 75th percentile at $2,186. The 90th percentile tax bill can reach up to $2,717. These figures indicate that while some homeowners may enjoy relatively lower taxes, others might face higher obligations depending on their property's assessed value and specific characteristics. Understanding these factors can help homeowners anticipate their tax responsibilities and manage their finances more effectively.
Average Sullivan Tax Bill
$1,646
Average Ashland County Tax Bill
$1,522
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Sullivan, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44880 | $535 | $1,084 | $1,646 | $2,186 | $2,717 |
Source: Ownwell