Winchester, Ohio Property Taxes
The median property tax rate in Winchester, OH is 1.16%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Winchester at $125,890, the typical annual property tax bill amounts to $1,309, still below the national median of $2,690. Property taxes in Winchester are based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Winchester'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 Winchester or another part of Brown County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Winchester, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$1,460
$1,355
Ownwell’s Winchester Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Winchester with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Winchester 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 Winchester, Ohio
Property taxes in Winchester, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Winchester is 1.16%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Winchester set these rates annually, and they can vary significantly across different neighborhoods. Each year, Winchester 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 Winchester's effective property tax rate to other counties in Ohio and the national median. For comparison, the ZIP code 45697 has the highest median property tax rate of 1.16%, while the same ZIP code also has the lowest median tax rate of 1.16%. Understanding how these areas compare with Winchester 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 Winchester Tax Rate
1.16%
Average Brown County Tax Rate
1.17%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Winchester, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45697 | 0.49% | 0.88% | 1.16% | 1.27% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Winchester, Ohio
In Winchester, 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 Winchester, 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 Winchester helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 45697, with a median bill of $1309, while the lowest median tax bill is also in 45697, at $1309.
Average Winchester Assessed Value
$125,890
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 Winchester, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45697 | $35,758 | $70,140 | $125,890 | $214,170 | $402,572 |
Source: Ownwell
Property Tax Bills Across Winchester, Ohio
In Winchester, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the home's market value, location, and any improvements made to the property. For homeowners in Winchester, the median home price stands at $125,890. The property tax bills can vary significantly, with the 25th percentile tax bill at $797 and the 75th percentile reaching $2007. At the 90th percentile, homeowners might see a tax bill as high as $2739. These variations highlight the impact of property values and local tax rates on individual tax burdens. When compared to the national median property tax rate of 0.99%, Winchester's property tax rates can be quite variable, reflecting the specific economic and property value conditions within the region. Homeowners need to be aware of these factors as they directly affect their financial planning and homeownership costs.
Average Winchester Tax Bill
$1,309
Average Brown County Tax Bill
$1,244
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Winchester, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45697 | $382 | $797 | $1,309 | $2,007 | $2,739 |
Source: Ownwell