Yorkville, Ohio Property Taxes
The median property tax rate in Yorkville, OH is 1.56%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $64,745 in Yorkville, the typical annual property tax bill amounts to $977, falling below the national median of $2,690. Property taxes in Yorkville are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Navigating Yorkville's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Yorkville or another part of Belmont County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Yorkville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.56%
Estimate Property Tax Bill
$1,010
$937
Ownwell’s Yorkville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yorkville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yorkville 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 Yorkville, Ohio
Property taxes in Yorkville, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yorkville is 1.56%, significantly higher than the U.S. national median of 0.99%. Local government entities within Yorkville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yorkville 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 Yorkville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43971 zip code has the highest median property tax rate of 1.56%, while the same zip code also has the lowest median tax rate of 1.56%. Understanding how these cities compare with Yorkville 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 Yorkville Tax Rate
1.56%
Average Belmont County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yorkville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43971 | 1.14% | 1.52% | 1.56% | 1.56% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Yorkville, Ohio
In Yorkville, 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. Assessment notices in Yorkville 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 Yorkville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Yorkville is $64,745, with the highest and lowest median tax bills both being $977 in zip code 43971.
Average Yorkville Assessed Value
$64,745
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 Yorkville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43971 | $17,270 | $43,958 | $64,745 | $98,990 | $124,452 |
Source: Ownwell
Property Tax Bills Across Yorkville, Ohio
In Yorkville, located in Belmont County, OH, property tax bills are calculated based on the assessed value of a home, 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 assessed value, including the property's size, location, and condition. The median home price in Yorkville is $64,745, and the property tax rate is 0.99%, aligning with the national median. Homeowners in Yorkville can expect their tax bills to vary. At the 25th percentile, the tax bill is around $633, while at the 75th percentile, it rises to approximately $1,362. For those in the 90th percentile, the tax bill can reach up to $1,895. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Understanding how property taxes are calculated helps homeowners anticipate their financial obligations and plan accordingly.
Average Yorkville Tax Bill
$977
Average Belmont County Tax Bill
$992
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Yorkville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43971 | $243 | $633 | $977 | $1,362 | $1,895 |
Source: Ownwell