Williamsburg, Ohio Property Taxes
The median property tax rate in Williamsburg, Ohio is 3.13%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With a median home value of $117,300 in Williamsburg, the typical annual property tax bill reaches $3,632, far exceeding the national median of $2,690. Property taxes in Williamsburg are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Williamsburg'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 Williamsburg 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
Williamsburg, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.13%
Estimate Property Tax Bill
$3,671
Ownwell’s Williamsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Williamsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Williamsburg 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 Williamsburg, Ohio
Property taxes in Williamsburg, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Williamsburg is 3.13%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Williamsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Williamsburg 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 Williamsburg's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45176 zip code has both the highest and lowest median property tax rate of 3.13%. Understanding how these cities compare with Williamsburg 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 Williamsburg Tax Rate
3.13%
Average Clermont County Tax Rate
4.63%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Williamsburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45176 | 2.52% | 3.01% | 3.13% | 3.48% | 3.49% |
Source: Ownwell
Property Tax Assessment Values Across Williamsburg, Ohio
In Williamsburg, 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. Assessment notices in Williamsburg 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 Williamsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 45176, with a median tax bill of $3,632.
Average Williamsburg Assessed Value
$117,300
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 Williamsburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45176 | $36,840 | $72,600 | $117,300 | $173,350 | $233,140 |
Source: Ownwell
Property Tax Bills Across Williamsburg, Ohio
In Williamsburg, located in Clermont County, OH, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value of the property, which is established by the county assessor. Homeowners in Williamsburg face varying tax bills based on their property's assessed value and the specific tax rate applied. For example, homeowners at the 25th percentile pay around $2,370, while those at the 75th percentile see bills closer to $5,415. At the 90th percentile, tax bills can reach up to $7,138. The median home price in Williamsburg is $117,300, and the local tax rate can significantly impact the annual tax bill. Comparatively, the national median property tax rate is 0.99%, highlighting the variability in property tax obligations across regions. Understanding these factors helps homeowners anticipate their annual tax liabilities and plan their finances accordingly. Accurate assessments and fair tax rates are crucial in ensuring that property taxes remain manageable for residents.
Average Williamsburg Tax Bill
$3,632
Average Clermont County Tax Bill
$6,844
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Williamsburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45176 | $1,451 | $2,370 | $3,632 | $5,415 | $7,138 |
Source: Ownwell