Millersport, Ohio Property Taxes
The median property tax rate in Millersport, OH is 1.42%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $218,990 in Millersport, the typical annual property tax bill reaches $2,992, surpassing the national median of $2,690. Property taxes in Millersport are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Millersport'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 Millersport or another part of Fairfield County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Millersport, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$3,110
Ownwell’s Millersport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Millersport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Millersport 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 Millersport, Ohio
Property taxes in Millersport, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Millersport is 1.42%, significantly higher than the U.S. national median of 0.99%. Local government entities within Millersport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Millersport 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 Millersport's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43046 zip code has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Millersport 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 Millersport Tax Rate
1.42%
Average Fairfield County Tax Rate
1.37%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Millersport, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43046 | 1.14% | 1.39% | 1.42% | 1.54% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Millersport, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Millersport, Ohio. 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 Auditor 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 Millersport, 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. For instance, in Millersport, the median home price is $218,990, with tax bills ranging from $1,635 at the 25th percentile to $6,745 at the 90th percentile. The highest and lowest median tax bills both stand at $2,992 in the 43046 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Millersport Assessed Value
$218,990
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 Millersport, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43046 | $32,262 | $121,000 | $218,990 | $339,900 | $497,740 |
Source: Ownwell
Property Tax Bills Across Millersport, Ohio
In Millersport, located in Fairfield County, Ohio, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in this region typically see property tax rates that reflect the local government's need to fund services such as schools, public safety, and infrastructure. The median home price in Millersport is $218,990, and the property tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. For instance, tax bills in the 25th percentile are around $1,635, while those in the 75th percentile can reach up to $4,689. The 90th percentile sees tax bills as high as $6,745. Compared to the national median property tax rate of 0.99%, Millersport's rates reflect the local economic landscape and funding requirements. Homeowners should be aware of these factors as they significantly impact the overall cost of owning property in the area.
Average Millersport Tax Bill
$2,992
Average Fairfield County Tax Bill
$2,962
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Millersport, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43046 | $445 | $1,635 | $2,992 | $4,689 | $6,745 |
Source: Ownwell