Hidden Valley, Ohio Property Taxes
The median property tax rate in Hidden Valley, OH is 1.66%, which is higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Hidden Valley at $319,850, the typical annual property tax bill reaches $5,296, significantly exceeding the national median of $2,690. Property taxes in Hidden Valley 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 Hidden Valley'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 Hidden Valley 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
Hidden Valley, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$5,310
$4,927
Ownwell’s HIDDEN VALLEY Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in HIDDEN VALLEY. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in HIDDEN VALLEY to provide an accurate estimate of your property tax bill. This tool is designed to help you understand your potential tax liabilities with ease. For those interested in more granular data, further localized information is available. Your property’s assessed value, determined by the county, is crucial for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Hidden Valley, Ohio
Property taxes in Hidden Valley, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hidden Valley is 1.66%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Hidden Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hidden Valley 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 Hidden Valley's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 15502 has the highest median property tax rate of 1.66%, while the same zip code also has the lowest median tax rate of 1.66%. Understanding how these cities compare with Hidden Valley 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 Hidden Valley Tax Rate
1.66%
Average Clark County Tax Rate
1.69%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hidden Valley, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15502 | 1.66% | 1.66% | 1.66% | 1.66% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across Hidden Valley, Ohio
In Hidden Valley, 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 Hidden Valley, 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 Hidden Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $5,296 in the 15502 zip code, highlighting the uniformity in tax assessments within this area.
Average Hidden Valley Assessed Value
$319,850
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 Hidden Valley, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15502 | $319,850 | $319,850 | $319,850 | $319,850 | $319,850 |
Source: Ownwell
Property Tax Bills Across Hidden Valley, Ohio
In HIDDEN VALLEY, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's location, size, and market trends within Clark County. For example, with a median home price of $319,850, homeowners can expect a significant tax bill. The median property tax bill in HIDDEN VALLEY stands at $5,296, which is considerably higher than the national median property tax rate of 0.99%. This higher tax rate can impact homeowners by increasing their annual expenses, potentially affecting their overall budget and financial planning. Understanding these factors helps homeowners anticipate their tax obligations and plan accordingly, ensuring they are not caught off guard by their property tax bills.
Average Hidden Valley Tax Bill
$5,296
Average Clark County Tax Bill
$1,871
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Hidden Valley, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15502 | $5,296 | $5,296 | $5,296 | $5,296 | $5,296 |
Source: Ownwell