Cedarville, Ohio Property Taxes
The median property tax rate in Cedarville, OH is 1.91%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Cedarville at $68,885, the typical annual property tax bill reaches $857, which is still lower than the national median of $2,690. Property taxes in Cedarville 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 Cedarville'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 Cedarville 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
Cedarville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$1,316
$1,221
Ownwell’s Cedarville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cedarville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cedarville 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 Cedarville, Ohio
Property taxes in Cedarville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cedarville is 1.91%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Cedarville set these rates annually, and they can vary across different neighborhoods. Each year, Cedarville 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 Cedarville's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45314 has the highest median property tax rate of 1.91%, while the lowest median tax rate is also 1.91% in the same zip code. Understanding how these areas compare with Cedarville provides valuable insights into the varying tax landscape across Clark County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cedarville Tax Rate
1.91%
Average Clark County Tax Rate
1.69%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedarville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45314 | 1.28% | 1.52% | 1.91% | 2.31% | 2.54% |
Source: Ownwell
Property Tax Assessment Values Across Cedarville, Ohio
In Cedarville, 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 Clark 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 Cedarville, 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 Cedarville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Cedarville's highest median tax bill is $857 in the 45314 zip code, while the lowest is also $857 in the same zip code.
Average Cedarville Assessed Value
$68,885
Average Clark County Assessed Value
$117,390
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cedarville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45314 | $21,977 | $39,568 | $68,885 | $98,202 | $115,793 |
Source: Ownwell
Property Tax Bills Across Cedarville, Ohio
In Cedarville, Clark County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The tax rate is applied to this assessed value to determine the annual tax bill. In Cedarville, the median home price is $68,885, and the property tax rate is in line with Ohio's averages, which can be compared to the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, local tax rates, and applicable exemptions. For example, homeowners in Cedarville might see tax bills ranging from the 25th percentile at $567 to the 75th percentile at $1,147, with the 90th percentile reaching up to $1,321. The highest and lowest median tax bills in the area are both $857 in the 45314 zip code. These property taxes significantly impact homeowners, as they contribute to local services such as schools, infrastructure, and emergency services, ultimately affecting the overall cost of homeownership in Cedarville.
Average Cedarville Tax Bill
$857
Average Clark County Tax Bill
$1,871
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedarville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45314 | $393 | $567 | $857 | $1,147 | $1,321 |
Source: Ownwell