Milledgeville, Ohio Property Taxes
The median property tax rate in Milledgeville, OH is 1.63%, which is notably higher than the national median of 0.99% but slightly below Ohio's state median of 1.80%. With a median home value of $61,150 in Milledgeville, the typical annual property tax bill amounts to $940, which is significantly lower than the national median of $2,690. Property taxes in Milledgeville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Milledgeville's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you reside in the heart of Milledgeville or another part of the city, gaining insight into the local property tax system is crucial for financial planning and investment strategies.
Last Updated June 14, 2024
Milledgeville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$997
Ownwell’s Milledgeville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Milledgeville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Milledgeville 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 Milledgeville, Ohio
Property taxes in Milledgeville, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Milledgeville is 1.63%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Milledgeville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Milledgeville 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 Milledgeville's effective property tax rate to other areas in Ohio and the national median. For comparison, the 43142 zip code has the highest median property tax rate of 1.63%, while the same zip code also has the lowest median tax rate of 1.63%. Understanding how these areas compare with Milledgeville provides valuable insights into the varying tax landscape across Fayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Milledgeville Tax Rate
1.63%
Average Fayette County Tax Rate
1.38%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Milledgeville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43142 | 1.02% | 1.49% | 1.63% | 1.67% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Milledgeville, Ohio
In Milledgeville, 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 Fayette 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 Milledgeville, 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 Milledgeville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 43142, with a median tax bill of $940.00.
Average Milledgeville Assessed Value
$61,150
Average Fayette County Assessed Value
$107,500
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Milledgeville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43142 | $13,700 | $36,600 | $61,150 | $85,400 | $107,750 |
Source: Ownwell
Property Tax Bills Across Milledgeville, Ohio
In Milledgeville, OH, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Milledgeville is $61,150. Homeowners in Milledgeville can expect a tax bill ranging from $529 at the 25th percentile to $1,731 at the 90th percentile, with a median tax bill around $940. These figures indicate that Milledgeville's property taxes are relatively moderate compared to the national median property tax rate of 0.99%. Several factors influence the tax bill, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. Higher assessed values or tax rates result in higher tax bills, impacting homeowners' annual financial responsibilities. Understanding these factors can help homeowners anticipate their tax obligations and plan their budgets accordingly.
Average Milledgeville Tax Bill
$940
Average Fayette County Tax Bill
$1,527
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Milledgeville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43142 | $229 | $529 | $940 | $1,203 | $1,731 |
Source: Ownwell