Flushing, Ohio Property Taxes
The median property tax rate in Flushing, Ohio is 1.22%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Flushing at $59,850, the typical annual property tax bill amounts to $726, which is significantly below the national median of $2,690. Property taxes in Flushing are calculated based on the assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Flushing'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 Flushing 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
Flushing, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$730
Ownwell’s Flushing Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Flushing with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Flushing 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 Flushing, Ohio
Property taxes in Flushing, Ohio, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Flushing is 1.22%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Flushing set these rates annually, and they can vary across different neighborhoods. Each year, Flushing 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 Flushing's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43977 has both the highest and lowest median property tax rate of 1.22%. Understanding how these areas compare with Flushing 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 Flushing Tax Rate
1.22%
Average Belmont County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Flushing, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43977 | 0.90% | 1.14% | 1.22% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Flushing, Ohio
In Flushing, 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 Flushing, 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 Flushing 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 43977, with a median tax bill of $726.
Average Flushing Assessed Value
$59,850
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 Flushing, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43977 | $7,778 | $27,525 | $59,850 | $101,545 | $169,942 |
Source: Ownwell
Property Tax Bills Across Flushing, Ohio
In Flushing, located in Belmont County, OH, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $59,850, homeowners can expect their tax bills to vary significantly. The tax bill at the 25th percentile is around $314, while at the 75th percentile, it rises to $1,267. At the higher end, the 90th percentile tax bill can reach up to $1,980. This variation is influenced by factors such as property location, improvements, and local tax levies. The highest and lowest median tax bills in the area are both $726, reflecting the uniformity in the tax rate across different properties within the same zip code. These property taxes fund essential public services like schools, roads, and emergency services, directly impacting the quality of community infrastructure and services available to homeowners.
Average Flushing Tax Bill
$726
Average Belmont County Tax Bill
$992
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Flushing, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43977 | $96 | $314 | $726 | $1,267 | $1,980 |
Source: Ownwell