Hammondsville, Ohio Property Taxes
The median property tax rate in Hammondsville, OH is 1.15%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Hammondsville at $114,150, the typical annual property tax bill is around $1,123, falling below the national median of $2,690. Property taxes in Hammondsville are calculated based on the tax assessed value, which often is less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Hammondsville'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 Hammondsville or another part of Columbiana County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hammondsville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$1,313
$1,218
Ownwell’s Hammondsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hammondsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hammondsville 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 Hammondsville, Ohio
Property taxes in Hammondsville, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hammondsville is 1.15%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Hammondsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hammondsville 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 Hammondsville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43930 zip code has the highest median property tax rate of 1.15%, while the 43930 zip code has the lowest median tax rate of 1.15%. Understanding how these cities compare with Hammondsville provides valuable insights into the varying tax landscape across Columbiana County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hammondsville Tax Rate
1.15%
Average Columbiana County Tax Rate
1.27%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hammondsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43930 | 0.91% | 1.14% | 1.15% | 1.17% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Hammondsville, Ohio
In Hammondsville, 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 Columbiana 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 Hammondsville, 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 Hammondsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both found in zip code 43930, each amounting to $1,123.
Average Hammondsville Assessed Value
$114,150
Average Columbiana County Assessed Value
$95,700
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hammondsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43930 | $28,870 | $57,050 | $114,150 | $180,125 | $232,690 |
Source: Ownwell
Property Tax Bills Across Hammondsville, Ohio
Property tax bills in HammondsVille, located in Columbiana County, Ohio, are calculated based on the assessed value of a property. The assessed value is a percentage of the property's market value, which is determined through periodic evaluations. In HammondsVille, the median home price stands at $114,150. Tax rates, known as millage rates, are applied to this assessed value to determine the tax bill. Factors such as local government budgets, school funding, and public services influence these rates. Homeowners in HammondsVille experience a range of property tax bills, with the 25th percentile at $630 and the 75th percentile reaching $1,915. At the 90th percentile, tax bills can be as high as $2,629. Compared to the national median property tax rate of 0.99%, HammondsVille's property taxes can vary significantly, impacting homeowners differently based on their property's assessed value and the applicable millage rates. This variability underscores the importance of understanding local tax assessments and potential appeals.
Average Hammondsville Tax Bill
$1,123
Average Columbiana County Tax Bill
$1,157
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Hammondsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43930 | $318 | $630 | $1,123 | $1,915 | $2,629 |
Source: Ownwell