Chauncey, Ohio Property Taxes
The median property tax rate in Chauncey, Ohio is 2.08%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Chauncey at $41,790, the typical annual property tax bill reaches $822, which is lower than the national median of $2,690. Property taxes in Chauncey 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 Chauncey'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 Chauncey or another part of Athens County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chauncey, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.08%
Estimate Property Tax Bill
$869
Ownwell’s Chauncey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chauncey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chauncey 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 Chauncey, Ohio
Property taxes in Chauncey, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chauncey is 2.08%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Chauncey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chauncey 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 Chauncey's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45719 zip code has the highest median property tax rate of 2.08%, while the 45719 zip code also has the lowest median tax rate of 2.08%. Understanding how these cities compare with Chauncey provides valuable insights into the varying tax landscape across Athens County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chauncey Tax Rate
2.08%
Average Athens County Tax Rate
1.77%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chauncey, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45719 | 1.30% | 2.04% | 2.08% | 2.08% | 2.09% |
Source: Ownwell
Property Tax Assessment Values Across Chauncey, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Chauncey, 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 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 Chauncey, 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 example, the median home price in Chauncey is $41,790, with tax bills ranging from $386 at the 25th percentile to $1,462 at the 90th percentile. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 45719 has the highest and lowest median tax bill of $822.
Average Chauncey Assessed Value
$41,790
Average Athens County Assessed Value
$88,765
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chauncey, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45719 | $5,528 | $22,645 | $41,790 | $57,895 | $72,174 |
Source: Ownwell
Property Tax Bills Across Chauncey, Ohio
In Chauncey, Athens County, OH, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is a percentage of the market value determined by the county assessor. Homeowners in Chauncey experience varying tax bills, with the 25th percentile paying around $386 and the 75th percentile paying about $1127. At the 90th percentile, the tax bill can reach $1462. These figures indicate how property taxes can differ significantly depending on the home's value and the specific area within the county. The median home price in Chauncey is $41,790, which is relatively low compared to national standards. This lower home price contributes to the comparatively moderate property tax bills. However, even within the same zip code, tax bills can vary, as seen with the highest and lowest median tax bills both being $822. Homeowners need to consider these factors when budgeting for property expenses, as property taxes can significantly impact their annual financial commitments.
Average Chauncey Tax Bill
$822
Average Athens County Tax Bill
$1,453
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Chauncey, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45719 | $109 | $386 | $822 | $1,127 | $1,462 |
Source: Ownwell