Thornville, Fairfield County, Ohio Property Taxes
The median property tax rate in Thornville, OH is 1.39%, considerably higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With the median home value in Thornville at $162,300, the typical annual property tax bill reaches $2,182, which is below the national median of $2,690. Property taxes in Thornville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Thornville'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 Thornville 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
Thornville, Fairfield County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$2,256
$2,093
Ownwell’s Thornville Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Thornville with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Thornville to provide an estimated property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more detailed information, scrolling down reveals neighborhood-level trends. Your property’s assessed value, determined by Fairfield County, is crucial for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Thornville, Fairfield County, Ohio
Property taxes in Thornville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Thornville is 1.39%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Thornville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Thornville 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 Thornville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43076 zip code has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these cities compare with Thornville 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 Thornville Tax Rate
1.39%
Average Fairfield County Tax Rate
1.37%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Thornville, Fairfield County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43076 | 1.17% | 1.38% | 1.39% | 1.42% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Thornville, Fairfield County, Ohio
In Thornville, 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 Thornville, 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. Thornville's median home price is $162,300, with tax bills ranging from $1,287 at the 25th percentile to $5,400 at the 90th percentile. The highest and lowest median tax bills are both $2,182 in zip code 43076. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Thornville, Fairfield County, Ohio
Source: Ownwell
$124,285
$243,533
$362,780
Average Thornville Assessed Value
$162,300
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 Thornville, Fairfield County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43076 | $20,573 | $99,042 | $162,300 | $251,765 | $387,650 |
Source: Ownwell
Property Tax Bills Across Thornville, Fairfield County, Ohio
In Thornville, Fairfield County, OH, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. Local tax rates, set by various taxing authorities, are then applied to this assessed value. For instance, with a median home price of $162,300, homeowners can expect varying tax bills based on specific assessments and local levies. Factors influencing the tax bill include the property's location, any applicable exemptions, and the specific rates imposed by school districts, municipalities, and other local entities. In Thornville, tax bills range significantly, with the 25th percentile at $1,287 and the 75th percentile at $3,322. The 90th percentile reaches up to $5,400, indicating a wide variation based on property values and applicable rates. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Homeowners in Thornville should be aware of these factors to better understand their tax obligations and potential for appeals or exemptions.
Average Thornville Tax Bill
$2,182
Average Fairfield County Tax Bill
$2,962
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Thornville, Fairfield County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43076 | $282 | $1,287 | $2,182 | $3,322 | $5,400 |
Source: Ownwell