Feesburg, Ohio Property Taxes
The median property tax rate in Feesburg, OH is 1.08%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $28,870 in Feesburg, the typical annual property tax bill amounts to $177, significantly below the national median of $2,690. Property taxes in Feesburg are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Feesburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Feesburg or another part of the city, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Feesburg, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$312
$289
Ownwell’s Feesburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Feesburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Feesburg 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 Feesburg, Ohio
Property taxes in Feesburg, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Feesburg is 1.08%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Feesburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Feesburg 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 Feesburg's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45119 has both the highest and lowest median property tax rate of 1.08%. Understanding how these areas compare with Feesburg 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 Feesburg Tax Rate
1.08%
Average Brown County Tax Rate
1.17%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Feesburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45119 | 1.06% | 1.08% | 1.08% | 1.08% | 1.09% |
Source: Ownwell
Property Tax Assessment Values Across Feesburg, Ohio
In Feesburg, 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 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 Feesburg, 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 Feesburg is $28,870, with tax bills ranging significantly. For example, the 25th percentile tax bill is $54, while the 75th percentile tax bill is $528. The highest median tax bill in the area is $177 in the 45119 zip code. 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 Feesburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Feesburg Assessed Value
$28,870
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 Feesburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45119 | $4,090 | $5,200 | $28,870 | $50,000 | $60,740 |
Source: Ownwell
Property Tax Bills Across Feesburg, Ohio
In Feesburg, located in Brown County, OH, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate set by local authorities. For context, the national median property tax rate is 0.99%. Homeowners in Feesburg face varying tax bills depending on the value of their properties. For instance, the 25th percentile tax bill is around $54, while the 75th percentile tax bill rises to $528. At the 90th percentile, homeowners can expect to pay approximately $601. The median home price in Feesburg is $28,870, which significantly influences these tax bills. This system ensures that property taxes are proportionate to the value of a home, impacting homeowners differently based on their property's worth. Understanding these factors can help homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Feesburg Tax Bill
$177
Average Brown County Tax Bill
$1,244
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Feesburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45119 | $43 | $54 | $177 | $528 | $601 |
Source: Ownwell