Scio, Ohio Property Taxes
The median property tax rate in Scio, OH is 1.17%, slightly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Scio at $78,100, the typical annual property tax bill is $991, which is below the national median of $2,690. Property taxes in Scio are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Scio'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 Scio or another part of Carroll County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Scio, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$914
Ownwell’s Scio Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Scio with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scio 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 Scio, Ohio
Property taxes in Scio, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Scio is 1.17%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Scio set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scio 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 Scio's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43988 zip code has the highest median property tax rate of 1.17%, while the 44615 zip code has the lowest median tax rate of 1.17%. Understanding how these cities compare with Scio provides valuable insights into the varying tax landscape across Carroll County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Scio Tax Rate
1.17%
Average Carroll County Tax Rate
1.41%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scio, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43988 | 0.66% | 1.06% | 1.17% | 1.41% | 1.93% |
| 44615 | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Scio, Ohio
In Scio, 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 Carroll 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 Scio, 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. For instance, the median home price in Scio is $78,100, with tax bills ranging from $339 at the 25th percentile to $2,130 at the 90th percentile. Notably, the zip code 43988 has both the highest and lowest median tax bill at $993. 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 Scio helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Scio Assessed Value
$78,100
Average Carroll County Assessed Value
$85,895
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Scio, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43988 | $3,000 | $18,082 | $78,750 | $149,565 | $240,704 |
| 44615 | $6,330 | $6,330 | $6,330 | $6,330 | $6,330 |
Source: Ownwell
Property Tax Bills Across Scio, Ohio
In Scio, located in Carroll County, OH, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Scio is $78,100. Property taxes are influenced by various factors, including the property's assessed value and the local tax rate. The national median property tax rate is 0.99%, but local rates can vary. Homeowners in Scio can expect their tax bills to range significantly. At the 25th percentile, the tax bill is approximately $339, while at the 75th percentile, it can reach up to $1,594. For those at the 90th percentile, the tax bill can be as high as $2,130. The highest median tax bill in the area is $993, observed in the 43988 zip code. These property tax bills directly impact homeowners by influencing their annual expenses and potentially affecting the affordability of homeownership in the region.
Average Scio Tax Bill
$991
Average Carroll County Tax Bill
$1,225
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Scio, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43988 | $39 | $358 | $993 | $1,595 | $2,133 |
| 44615 | $74 | $74 | $74 | $74 | $74 |
Source: Ownwell