Barnesville, Ohio Property Taxes
The median property tax rate in Barnesville, OH is 1.20%, which is higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $77,130 in Barnesville, the typical annual property tax bill amounts to $859, which is below the national median of $2,690. Property taxes in Barnesville are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Barnesville'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 Barnesville or another part of Belmont County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Barnesville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$926
Ownwell’s Barnesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barnesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barnesville 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 Barnesville, Ohio
Property taxes in Barnesville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Barnesville is 1.20%, significantly higher than the U.S. national median of 0.99%. Local government entities within Barnesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barnesville 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 Barnesville's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 43713 has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these areas compare with Barnesville 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 Barnesville Tax Rate
1.20%
Average Belmont County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barnesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43713 | 0.90% | 1.17% | 1.20% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Barnesville, Ohio
In Barnesville, 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 Barnesville, 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 instance, the median home price in Barnesville is $77,130, with tax bills ranging from $396 at the 25th percentile to $2,381 at the 90th percentile. Being aware of these valuation processes in Barnesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Barnesville Assessed Value
$77,130
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 Barnesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43713 | $10,570 | $38,610 | $77,130 | $131,110 | $207,840 |
Source: Ownwell
Property Tax Bills Across Barnesville, Ohio
In Barnesville, located in Belmont County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Factors that influence the tax bill include the property's assessed value, the local tax rate, and any applicable exemptions or reductions. For homeowners in Barnesville, the property tax bill can vary significantly. The median home price is $77,130, and the tax bill at the 25th percentile is $396, while at the 75th percentile, it rises to $1,504. At the 90th percentile, it can reach $2,381. Comparing these figures to the national median property tax rate of 0.99%, Barnesville's property tax bills reflect a range of financial impacts on homeowners. Understanding these factors can help residents anticipate their property tax obligations and plan accordingly.
Average Barnesville Tax Bill
$859
Average Belmont County Tax Bill
$992
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Barnesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43713 | $114 | $396 | $859 | $1,504 | $2,381 |
Source: Ownwell