Point Pleasant, Ohio Property Taxes
The median property tax rate in Point Pleasant, OH is 3.43%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Point Pleasant at $63,400, the typical annual property tax bill reaches $2,174, which is below the national median of $2,690. Property taxes in Point Pleasant are calculated based on the assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Point Pleasant'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 Point Pleasant or another part of Clermont County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Point Pleasant, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.43%
Estimate Property Tax Bill
$2,175
Ownwell’s Point Pleasant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Point Pleasant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Point Pleasant 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 Point Pleasant, Ohio
Property taxes in Point Pleasant, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Point Pleasant is 3.43%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Point Pleasant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Point Pleasant 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 Point Pleasant's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45153 zip code has the highest median property tax rate of 3.43%, while the same zip code also has the lowest median tax rate of 3.43%. Understanding how these cities compare with Point Pleasant 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 Point Pleasant Tax Rate
3.43%
Average Clermont County Tax Rate
4.63%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Point Pleasant, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45153 | 3.42% | 3.43% | 3.43% | 3.43% | 3.43% |
Source: Ownwell
Property Tax Assessment Values Across Point Pleasant, Ohio
In Point Pleasant, 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 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 Point Pleasant, 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. For instance, the median home price in the region is $63,400, with tax bills ranging from $2,088 at the 25th percentile to $2,691 at the 90th percentile. Notably, the zip code 45153 has both the highest and lowest median tax bills at $2,174. Being aware of these valuation processes in Point Pleasant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Point Pleasant Assessed Value
$63,400
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 Point Pleasant, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45153 | $57,840 | $60,900 | $63,400 | $68,850 | $78,440 |
Source: Ownwell
Property Tax Bills Across Point Pleasant, Ohio
In Point Pleasant, located in Clermont County, OH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the home's market value. For example, if the median home price in Point Pleasant is $63,400, the assessed value will be a fraction of this amount, subject to the county's assessment ratio. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. For homeowners in Point Pleasant, the tax bills can vary significantly. The 25th percentile tax bill is around $2,088, while the 75th percentile reaches $2,361, and the 90th percentile can be as high as $2,691. These figures show that property taxes in Point Pleasant are relatively high compared to the national median property tax rate of 0.99%. This higher tax burden can affect homeowners by increasing their annual housing expenses, which is an important consideration for both current residents and potential buyers.
Average Point Pleasant Tax Bill
$2,174
Average Clermont County Tax Bill
$6,844
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Point Pleasant, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45153 | $1,982 | $2,088 | $2,174 | $2,361 | $2,691 |
Source: Ownwell