Hockingport, Ohio Property Taxes
The median property tax rate in Hockingport, OH is 1.68%, considerably higher than the national median of 0.99% but slightly lower than the Ohio state median of 1.80%. With a median home value of $45,125 in Hockingport, the typical annual property tax bill reaches $757, which is significantly below the national median of $2,690. Property taxes in Hockingport are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Hockingport'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 Hockingport 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
Hockingport, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Hockingport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hockingport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hockingport 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 Hockingport, Ohio
Property taxes in Hockingport, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hockingport is 1.68%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Hockingport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hockingport 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 Hockingport's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45739 zip code has the highest median property tax rate of 1.68%, while the 45739 zip code also has the lowest median tax rate of 1.68%. Understanding how these cities compare with Hockingport 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 Hockingport Tax Rate
1.68%
Average Athens County Tax Rate
1.77%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hockingport, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45739 | 1.67% | 1.68% | 1.68% | 1.68% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Hockingport, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hockingport, 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 Athens 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 Hockingport, 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. For example, the median home price in Hockingport is $45,125, with tax bills ranging from $316 at the 25th percentile to $2,852 at the 90th percentile. The zip code 45739 has the highest median tax bill of $757. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hockingport Assessed Value
$45,125
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 Hockingport, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45739 | $18,640 | $18,812 | $45,125 | $92,490 | $170,490 |
Source: Ownwell
Property Tax Bills Across Hockingport, Ohio
In Hockingport, located in Athens County, OH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. For homeowners in Hockingport, the median home price stands at $45,125. The tax bill varies significantly depending on the property's assessed value and the specific tax rate applied. For instance, property tax bills in the 25th percentile are around $316, while those in the 75th percentile reach up to $1,552. At the 90th percentile, homeowners could see tax bills as high as $2,852. These variations show how different factors, such as property value and local tax rates, can influence the overall tax burden on homeowners. Compared to the national median property tax rate of 0.99%, Hockingport's rates reflect a range of values, impacting how much homeowners need to budget annually for property taxes.
Average Hockingport Tax Bill
$757
Average Athens County Tax Bill
$1,453
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Hockingport, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45739 | $313 | $316 | $757 | $1,552 | $2,852 |
Source: Ownwell