Washington Court House, Ohio Property Taxes
The median property tax rate in Washington Court House, OH is 1.38%, which is higher than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value of $106,600 in Washington Court House, the typical annual property tax bill amounts to $1,468, slightly below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Washington Court House'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 Washington Court House or another part of Fayette County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Washington Court House, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$1,471
Ownwell’s Washington Court House Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes with ease. By simply entering your property's estimated assessed value, the calculator utilizes Washington Court House's median tax rate to provide an accurate estimate of your property tax bill. This valuable resource offers clarity on potential tax liabilities, helping you make informed decisions. 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, forms the basis for these calculations, taking into account any applicable exemptions.
Property Tax Rates Across Washington Court House, Ohio
Property taxes in Washington Court House, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Washington Court House is 1.38%, which is significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Washington Court House set these rates annually, and they can vary significantly across different neighborhoods. Each year, Washington Court House 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 Washington Court House's effective property tax rate to other regions in Ohio and the national median. For comparison, the zip code 43160 has the highest median property tax rate of 1.38%, while the same zip code also has the lowest median tax rate of 1.38%. Understanding how these areas compare with Washington Court House 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 Washington Court House Tax Rate
1.38%
Average Fayette County Tax Rate
1.38%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Washington Court House, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43160 | 1.06% | 1.35% | 1.38% | 1.48% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Washington Court House, Ohio
In Washington Court House, 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 Washington Court House, 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. The median home price here is $106,600, with property tax bills ranging from $967 at the 25th percentile to $3,162 at the 90th percentile. Notably, the zip code 43160 has both the highest and lowest median tax bill at $1,468. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Washington Court House, Ohio
Source: Ownwell
$61,150
$178,200
$295,250
Average Washington Court House Assessed Value
$106,600
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 Washington Court House, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43160 | $48,200 | $71,500 | $106,600 | $157,000 | $233,700 |
Source: Ownwell
Property Tax Bills Across Washington Court House, Ohio
In Washington Court House, Fayette County, OH, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, with a median home price of $106,600, the assessed value is determined by local tax authorities. The property tax rate is then applied to this assessed value to calculate the tax bill. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and the specific tax rate set by local governing bodies. Homeowners in Washington Court House experience a range of property tax bills. The 25th percentile tax bill is $967, while the 75th percentile reaches $2,199, and the 90th percentile can be as high as $3,162. Compared to the national median property tax rate of 0.99%, these figures illustrate the variability and potential financial impact on homeowners in this region. Understanding these factors is crucial for homeowners to anticipate and manage their property tax obligations effectively.
Average Washington Court House Tax Bill
$1,468
Average Fayette County Tax Bill
$1,527
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Washington Court House, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43160 | $648 | $967 | $1,468 | $2,199 | $3,162 |
Source: Ownwell