Rossburg, Ohio Property Taxes
The median property tax rate in Rossburg, OH is 1.24%, slightly higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With the median home value in Rossburg at $118,040, the typical annual property tax bill amounts to $1,383, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Grasping Rossburg's property tax system, exploring available exemptions, and finding opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Rossburg or another part of Darke County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rossburg, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Rossburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rossburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rossburg 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 Rossburg, Ohio
Property taxes in Rossburg, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Rossburg is 1.24%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Rossburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rossburg 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 Rossburg's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45362 zip code has the highest median property tax rate of 1.24%, while the same zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with Rossburg provides valuable insights into the varying tax landscape across Darke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rossburg Tax Rate
1.24%
Average Darke County Tax Rate
1.34%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rossburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45362 | 0.89% | 1.12% | 1.24% | 1.30% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Rossburg, Ohio
In Rossburg, 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 Darke 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 Rossburg, 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. The median home price in Rossburg is $118,040, with tax bills ranging from $849 at the 25th percentile to $3,163 at the 90th percentile. The zip code 45362 has the highest and lowest median tax bill of $1,383. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rossburg Assessed Value
$118,040
Average Darke County Assessed Value
$110,800
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rossburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45362 | $39,820 | $71,800 | $118,040 | $199,960 | $268,790 |
Source: Ownwell
Property Tax Bills Across Rossburg, Ohio
In Rossburg, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $118,040, the assessed value forms the basis for the tax rate application. Darke County's property tax rate, compared to the national median of 0.99%, significantly influences the final tax bill. Several factors contribute to the determination of the tax bill, including the property's location, its assessed value, and applicable exemptions. Homeowners in Rossburg can expect tax bills ranging from the 25th percentile at $849 to the 75th percentile at $2,221, with the 90th percentile reaching up to $3,163. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life and community resources. Understanding how these elements interplay helps homeowners anticipate their financial responsibilities and ensures they are better prepared for their annual property tax obligations.
Average Rossburg Tax Bill
$1,383
Average Darke County Tax Bill
$1,406
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Rossburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45362 | $438 | $849 | $1,383 | $2,221 | $3,163 |
Source: Ownwell