Aberdeen, Ohio Property Taxes
The median property tax rate in Aberdeen, OH is 1.37%, 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 Aberdeen at $84,865, the typical annual property tax bill reaches $981, falling short of the national median of $2,690. Property taxes in Aberdeen 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 Aberdeen'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 Aberdeen 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
Aberdeen, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.37%
Estimate Property Tax Bill
$1,163
$1,079
Ownwell’s Aberdeen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aberdeen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aberdeen 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 Aberdeen, Ohio
Property taxes in Aberdeen, Ohio, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Aberdeen is 1.37%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Aberdeen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Aberdeen 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 Aberdeen’s effective property tax rate to other areas in Ohio and the national median. For comparison, the highest median property tax rate in Brown County is also 1.37%, while the lowest median tax rate in the county is similarly 1.37%. Understanding how these figures compare with Aberdeen provides valuable insights into the varying tax landscape across Brown County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aberdeen Tax Rate
1.37%
Average Brown County Tax Rate
1.17%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aberdeen, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45101 | 0.83% | 1.20% | 1.37% | 1.40% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Aberdeen, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Aberdeen, Ohio. 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 Brown 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 Aberdeen, 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. The median home price in Aberdeen is $84,865, with tax bills ranging from $391 at the 25th percentile to $2,230 at the 90th percentile. Notably, the highest and lowest median tax bills both occur in the 45101 zip code, with a value of $981. 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 Aberdeen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Aberdeen Assessed Value
$84,865
Average Brown County Assessed Value
$109,630
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aberdeen, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45101 | $8,915 | $32,592 | $84,865 | $127,868 | $186,989 |
Source: Ownwell
Property Tax Bills Across Aberdeen, Ohio
In Aberdeen, located in Brown County, OH, property tax bills are calculated based on the assessed value of a homeowner's property. This assessed value is a percentage of the property's market value, which is determined by the county assessor. The tax rate, applied to this assessed value, results in the annual property tax bill. Factors influencing the tax bill include property size, location, and any improvements or renovations made. Homeowners in Aberdeen experience varying tax bills. The 25th percentile tax bill is around $391, while the 75th percentile reaches $1,581, and the 90th percentile can go up to $2,230. These figures reflect the range of property values and the corresponding taxes within the city. Compared to the national median property tax rate of 0.99%, Aberdeen's rates can be considered moderate. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances more effectively.
Average Aberdeen Tax Bill
$981
Average Brown County Tax Bill
$1,244
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Aberdeen, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45101 | $108 | $391 | $981 | $1,581 | $2,230 |
Source: Ownwell