Adena, Belmont County, Ohio Property Taxes
The median property tax rate in Adena, Ohio is 1.33%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $104,490 in Adena, the typical annual property tax bill is around $1,280, which is below the national median of $2,690. Property taxes in Adena are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Adena'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 Adena 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
Adena, Belmont County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$1,390
$1,290
Ownwell’s Adena Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Adena with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Adena 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 Adena, Belmont County, Ohio
Property taxes in Adena, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Adena is 1.33%, significantly higher than the U.S. national median of 0.99%. Local government entities within Adena set these rates annually, and they can vary significantly across different neighborhoods. Each year, Adena 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 Adena's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43901 zip code has both the highest and lowest median property tax rate of 1.33%. Understanding how these cities compare with Adena provides valuable insights into the varying tax landscape across Belmont County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Adena Tax Rate
1.33%
Average Belmont County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Adena, Belmont County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43901 | 0.94% | 1.15% | 1.33% | 1.34% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Adena, Belmont County, Ohio
In Adena, 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 Belmont 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 Adena, 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 Adena helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,280, found in zip code 43901.
Property Tax Assessment Values Across Adena, Belmont County, Ohio
Source: Ownwell
$16,435
$80,833
$145,230
Average Adena Assessed Value
$104,490
Average Belmont County Assessed Value
$74,065
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Adena, Belmont County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43901 | $64,500 | $78,635 | $104,490 | $139,400 | $203,832 |
Source: Ownwell
Property Tax Bills Across Adena, Belmont County, Ohio
Property tax bills in Adena, located in Belmont County, OH, are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including property location, size, and any improvements made. In Adena, the median home price is $104,490, and tax bills vary significantly. For instance, the 25th percentile tax bill is $999, while the 75th percentile reaches $1,736. At the higher end, the 90th percentile tax bill can be as much as $2,755. Comparatively, the highest median tax bill in the area is $1,280 in the 43901 zip code. Given the national median property tax rate of 0.99%, Adena's homeowners may find their tax bills relatively moderate, but they should still account for these costs when budgeting for homeownership.
Average Adena Tax Bill
$1,280
Average Belmont County Tax Bill
$992
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Adena, Belmont County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43901 | $549 | $999 | $1,280 | $1,736 | $2,755 |
Source: Ownwell