Sugar Grove, Ohio Property Taxes
The median property tax rate in Sugar Grove, OH is 1.23%, 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 Sugar Grove, the typical annual property tax bill reaches $1,764, falling below the national median of $2,690. Property taxes in Sugar Grove are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sugar Grove'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 Sugar Grove 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
Sugar Grove, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,857
Ownwell’s Sugar Grove Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sugar Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sugar Grove to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by Fairfield County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Sugar Grove, Ohio
Property taxes in Sugar Grove, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sugar Grove is 1.23%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Sugar Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sugar Grove 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 Sugar Grove's effective property tax rate to other areas in Ohio and the national median. For comparison, the 43155 zip code has the highest median property tax rate of 1.23%, while the 43155 zip code also has the lowest median tax rate of 1.23%. Understanding how these areas compare with Sugar Grove 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 Sugar Grove Tax Rate
1.23%
Average Fairfield County Tax Rate
1.37%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sugar Grove, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43155 | 0.99% | 1.20% | 1.23% | 1.27% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Sugar Grove, Ohio
In Sugar Grove, 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 Sugar Grove, 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. For instance, the median home price in Sugar Grove is $150,955, with tax bills ranging from $893 at the 25th percentile to $3,589 at the 90th percentile. The highest median tax bill is $1,764, found in the 43155 zip code, which is also the location of the lowest median tax bill. By understanding these valuation processes, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sugar Grove Assessed Value
$150,955
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 Sugar Grove, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43155 | $14,285 | $80,588 | $150,955 | $221,918 | $291,105 |
Source: Ownwell
Property Tax Bills Across Sugar Grove, Ohio
Property tax bills in Sugar Grove, Fairfield County, OH, are calculated based on the assessed value of a property. This assessed value is determined by the county assessor and typically represents a percentage of the property's market value. The tax rate, or millage rate, is then applied to this assessed value to calculate the tax bill. For instance, with a median home price of $150,955, homeowners can expect varying tax bills. The 25th percentile tax bill is around $893, while the 75th percentile tax bill reaches $2,568. At the 90th percentile, the tax bill can be as high as $3,589. These tax bills are influenced by local government budgets and the services they provide, including schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, homeowners in Sugar Grove may find their tax bills reflect the unique needs and values of their community. This variability can significantly impact homeowners' annual expenses and overall financial planning.
Average Sugar Grove Tax Bill
$1,764
Average Fairfield County Tax Bill
$2,962
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Sugar Grove, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43155 | $132 | $893 | $1,764 | $2,568 | $3,589 |
Source: Ownwell