Edenton, Ohio Property Taxes
The median property tax rate in Edenton, Ohio is 2.24%, considerably higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Edenton at $9,300, the typical annual property tax bill reaches $209, exceeding the national median of $2,690. Property taxes in Edenton 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 Edenton'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 Edenton 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
Edenton, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.24%
Estimate Property Tax Bill
$208
$193
Ownwell’s Edenton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Edenton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Edenton 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 Edenton, Ohio
Property taxes in Edenton, Ohio, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Edenton is 1.45%, significantly higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Edenton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Edenton 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 Edenton's effective property tax rate to other counties in Ohio and the national median. For comparison, the highest median property tax rate in the region is 2.48%, while the lowest median tax rate is 1.02%. Understanding how these cities compare with Edenton provides valuable insights into the varying tax landscape across Clermont County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Edenton Tax Rate
2.24%
Average Clermont County Tax Rate
4.63%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Edenton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Edenton, Ohio
In Edenton, 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 Clermont County Auditor 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 Edenton, 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 Edenton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Edenton is $9,300, with the 25th, 75th, and 90th percentile tax bills all at $209.
Average Edenton Assessed Value
$9,300
Average Clermont County Assessed Value
$145,600
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Edenton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Edenton, Ohio
In Edenton, Clermont County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor, who evaluates the property's market value and then applies an assessment ratio. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Edenton, the median home price is $9,300, and property tax bills are relatively consistent across different percentiles, with the 25th, 75th, and 90th percentiles all seeing tax bills of $209. This uniformity suggests a stable tax rate in the region. Compared to the national median property tax rate of 0.99%, Edenton's tax rate may vary, but the low median home price results in a manageable tax burden for homeowners. Understanding these factors helps homeowners anticipate their annual expenses and plan their finances accordingly, ensuring they are prepared for their property tax obligations.
Average Edenton Tax Bill
$209
Average Clermont County Tax Bill
$6,844
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Edenton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell