Bethesda, Ohio Property Taxes
The median property tax rate in Bethesda, OH is 1.33%, considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Bethesda at $72,810, the typical annual property tax bill reaches $935, which is below the national median of $2,690. Property taxes in Bethesda 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 Bethesda'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 Bethesda 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
Bethesda, 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 Bethesda Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Bethesda with just two data points. By entering your property's estimated assessed value, the calculator utilizes the median tax rate in Bethesda to provide an estimate of your property tax bill. This valuable tool offers insights into potential tax liabilities, helping you make informed financial decisions. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Bethesda, Ohio
Property taxes in Bethesda, Ohio, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bethesda is 1.33%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Bethesda set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bethesda 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 Bethesda's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43719 zip code has the highest median property tax rate of 1.33%, while the 43719 zip code also has the lowest median tax rate of 1.33%. Understanding how these cities compare with Bethesda 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 Bethesda 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 Bethesda, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43719 | 1.01% | 1.21% | 1.33% | 1.36% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Bethesda, Ohio
In Bethesda, 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 Bethesda, 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 Bethesda 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 $935.00, situated in the 43719 zip code.
Average Bethesda Assessed Value
$72,810
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 Bethesda, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43719 | $9,199 | $37,648 | $72,810 | $125,275 | $196,373 |
Source: Ownwell
Property Tax Bills Across Bethesda, Ohio
Property tax bills in Bethesda, located in Belmont County, OH, are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor. For Bethesda, homeowners can expect a median home price of $72,810. The tax rate is applied to this assessed value to calculate the tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in Bethesda experience a range of tax bills, with the 25th percentile at $432 and the 75th percentile at $1,478. The 90th percentile sees tax bills as high as $2,378. Notably, the highest and lowest median tax bills in Bethesda are both $935, highlighting a consistent tax rate across different properties. Compared to the national median property tax rate of 0.99%, Bethesda's property taxes can vary significantly, impacting homeowners' financial planning and overall affordability of living in the area.
Average Bethesda Tax Bill
$935
Average Belmont County Tax Bill
$992
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bethesda, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43719 | $114 | $432 | $935 | $1,478 | $2,378 |
Source: Ownwell