Waynesville, Ohio Property Taxes
The median property tax rate in Waynesville, OH is 1.41%, higher than the national median of 0.99% but below the Ohio state median of 1.80%. With a median home value of $166,600, the typical annual property tax bill in Waynesville is $2,270, which is lower than the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Waynesville'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 Waynesville or another part of Clinton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Waynesville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$2,349
$2,180
Ownwell’s Waynesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waynesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waynesville 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 Waynesville, Ohio
Property taxes in Waynesville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waynesville is 1.41%, significantly higher than the U.S. national median of 0.99%. Local government entities within Waynesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waynesville 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 Waynesville's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45068 has the highest median property tax rate of 1.41%, while the same zip code also has the lowest median tax rate of 1.41%. Understanding how these cities compare with Waynesville provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Waynesville Tax Rate
1.41%
Average Clinton County Tax Rate
1.56%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waynesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45068 | 1.19% | 1.27% | 1.41% | 1.55% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Waynesville, Ohio
In Waynesville, 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 Clinton 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 Waynesville, 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 Waynesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Waynesville is $166,600, with a property tax bill ranging from $1,917 at the 25th percentile to $3,952 at the 90th percentile. The highest and lowest median tax bills are both $2,270, found in the 45068 zip code.
Average Waynesville Assessed Value
$166,600
Average Clinton County Assessed Value
$106,220
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Waynesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45068 | $98,448 | $147,650 | $166,600 | $219,400 | $305,024 |
Source: Ownwell
Property Tax Bills Across Waynesville, Ohio
In Waynesville, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors that influence the assessed value include the market value of the property, home improvements, and changes in the local real estate market. For homeowners in Waynesville, the median home price is $166,600. Property tax bills can vary significantly, with the 25th percentile at $1,917 and the 75th percentile at $3,060. The 90th percentile reaches up to $3,952. These figures indicate that property taxes can represent a substantial portion of a homeowner's expenses. Compared to the national median property tax rate of 0.99%, the rates in Waynesville can lead to higher annual tax bills, impacting household budgets and financial planning. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances accordingly.
Average Waynesville Tax Bill
$2,270
Average Clinton County Tax Bill
$1,728
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Waynesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45068 | $1,526 | $1,917 | $2,270 | $3,060 | $3,952 |
Source: Ownwell