Centerburg, Ohio Property Taxes
The median property tax rate in Centerburg, OH is 1.14%, slightly higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $389,500 in Centerburg, the typical annual property tax bill amounts to $4,586, which surpasses the national median of $2,690. Property taxes in Centerburg are based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Centerburg'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 Centerburg or another part of Delaware County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Centerburg, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$4,440
$4,120
Ownwell’s Centerburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Centerburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Centerburg 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 Centerburg, Ohio
Property taxes in Centerburg, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Centerburg is 1.14%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Centerburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Centerburg 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 Centerburg's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43011 zip code has the highest median property tax rate of 1.14%, while the same zip code has the lowest median tax rate of 1.14%. Understanding how these cities compare with Centerburg provides valuable insights into the varying tax landscape across Delaware County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Centerburg Tax Rate
1.14%
Average Delaware County Tax Rate
1.78%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Centerburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43011 | 1.00% | 1.12% | 1.14% | 1.40% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Centerburg, Ohio
In Centerburg, 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 Delaware 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 Centerburg, 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. The median home price in Centerburg is $389,500, and tax bills can vary significantly. For instance, the 25th percentile tax bill is $3,429, while the 75th percentile is $6,531, and the 90th percentile reaches $8,415. The zip code with the highest median tax bill is 43011, where the median tax bill is $4,586. Understanding these valuation concepts helps property owners better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Centerburg Assessed Value
$389,500
Average Delaware County Assessed Value
$406,400
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Centerburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43011 | $239,660 | $302,850 | $389,500 | $548,050 | $709,160 |
Source: Ownwell
Property Tax Bills Across Centerburg, Ohio
In Centerburg, Delaware County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Centerburg is $389,500, and property taxes are applied to the assessed value to determine the tax bill. Various factors, such as property location, improvements, and market conditions, influence the assessed value. Homeowners in Centerburg can expect property tax bills that vary significantly. For instance, the tax bill at the 25th percentile is around $3,429, while it rises to $6,531 at the 75th percentile. At the 90th percentile, it reaches approximately $8,415. These variations reflect differences in property values and other factors considered during assessment. The property tax rate in Centerburg is influenced by local government budgets and the need to fund public services like schools and infrastructure. This rate can significantly impact homeowners, making it essential for them to stay informed about their property's assessed value and any potential exemptions or appeals that could lower their tax burden.
Average Centerburg Tax Bill
$4,586
Average Delaware County Tax Bill
$7,016
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Centerburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43011 | $2,402 | $3,429 | $4,586 | $6,531 | $8,415 |
Source: Ownwell