Sharpsburg, Ohio Property Taxes
The median property tax rate in Sharpsburg, OH is 1.73%, notably higher than the national median of 0.99% but slightly lower than Ohio's state median of 1.80%. With a median home value in Sharpsburg of $95,930, the typical annual property tax bill amounts to $1,658, which is below the national median of $2,690. Property taxes in Sharpsburg are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Sharpsburg'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 Sharpsburg 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
Sharpsburg, 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 Sharpsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sharpsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sharpsburg 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 Athens County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Sharpsburg, Ohio
Property taxes in Sharpsburg, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sharpsburg is 1.73%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Sharpsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sharpsburg 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 Sharpsburg's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45777 zip code has the highest median property tax rate of 1.73%, while the same zip code also has the lowest median tax rate of 1.73%. Understanding how these cities compare with Sharpsburg 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 Sharpsburg Tax Rate
1.73%
Average Athens County Tax Rate
1.77%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sharpsburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45777 | 1.73% | 1.73% | 1.73% | 1.73% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Sharpsburg, Ohio
In Sharpsburg, 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 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 Sharpsburg, 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 Sharpsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 45777, with a median tax bill of $1,658.
Average Sharpsburg Assessed Value
$95,930
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 Sharpsburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45777 | $95,930 | $95,930 | $95,930 | $95,930 | $95,930 |
Source: Ownwell
Property Tax Bills Across Sharpsburg, Ohio
In Sharpsburg, located in Athens County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor's office and is a percentage of the property's market value. Homeowners in Sharpsburg face property tax bills that are consistent across various percentiles, with the 25th, 75th, and 90th percentiles all showing a tax bill of $1,658. This uniformity suggests a stable tax rate within the region. Factors influencing the tax bill include the property's assessed value, local tax rates, and applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Sharpsburg homeowners experience a relatively moderate tax burden. The median home price in Sharpsburg is $95,930, which means the tax rate is effectively higher than the national average. This can impact homeowners by increasing their annual expenses, but it also contributes to community funding for essential services such as schools, infrastructure, and public safety.
Average Sharpsburg Tax Bill
$1,658
Average Athens County Tax Bill
$1,453
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Sharpsburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45777 | $1,658 | $1,658 | $1,658 | $1,658 | $1,658 |
Source: Ownwell