Amanda, Ohio Property Taxes
The median property tax rate in Amanda, 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 a median home value of $187,970 in Amanda, the typical annual property tax bill amounts to $2,092, which is below the national median of $2,690. Property taxes in Amanda are calculated based on the assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Amanda'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 Amanda or another part of Fairfield County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Amanda, 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 Amanda Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Amanda. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Amanda to provide an accurate estimate of your property tax bill. This helps you understand potential tax liabilities and plan accordingly. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property's assessed value, determined by the county, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Amanda, Ohio
Property taxes in Amanda, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Amanda is 1.15%, which is higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Amanda set these rates annually, and they can vary significantly across different neighborhoods. Each year, Amanda 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 Amanda's effective property tax rate to other areas in Fairfield County and the national median. For comparison, the zip code 43102 has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these areas compare with Amanda provides valuable insights into the varying tax landscape across Fairfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Amanda Tax Rate
1.15%
Average Fairfield County Tax Rate
1.37%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Amanda, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43102 | 0.96% | 1.13% | 1.15% | 1.17% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Amanda, Ohio
In Amanda, 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 Fairfield 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 Amanda, 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 Amanda helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Amanda is $2,092 in the 43102 zip code, while the lowest median tax bill is also $2,092 in the same zip code.
Average Amanda Assessed Value
$187,970
Average Fairfield County Assessed Value
$224,580
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Amanda, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43102 | $35,472 | $125,630 | $187,970 | $269,700 | $364,580 |
Source: Ownwell
Property Tax Bills Across Amanda, Ohio
In Amanda, located in Fairfield County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and local government budgets. For instance, the median home price in Amanda is $187,970, and tax bills can vary significantly. Homeowners in the 25th percentile might pay around $1,376 annually, while those in the 75th percentile could see bills as high as $3,024. At the 90th percentile, tax bills can reach $4,194. These property taxes fund essential community services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Amanda's rates can significantly impact homeowners, depending on their property's assessed value and the local tax rate applied.
Average Amanda Tax Bill
$2,092
Average Fairfield County Tax Bill
$2,962
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Amanda, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43102 | $393 | $1,376 | $2,092 | $3,024 | $4,194 |
Source: Ownwell