Patriot, Ohio Property Taxes
The median property tax rate in Patriot, OH is 1.27%, which is higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Patriot, the typical annual property tax bill amounts to $1,107, surpassing the national median of $2,690. Property taxes in Patriot are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Patriot'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 Patriot or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Patriot, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$1,136
$1,054
Ownwell’s Patriot Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Patriot with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Patriot 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 Patriot, Ohio
Property taxes in Patriot, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Patriot is 1.27%, which is notably higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Patriot set these rates annually, and they can vary significantly across different neighborhoods. Each year, Patriot 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 Patriot's effective property tax rate to other areas in Ohio and the national median. For comparison, the 45658 zip code has the highest median property tax rate of 1.27%, while the same zip code also has the lowest median tax rate of 1.27%. Understanding how these areas compare with Patriot provides valuable insights into the varying tax landscape across Gallia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Patriot Tax Rate
1.27%
Average Gallia County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Patriot, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45658 | 0.71% | 1.02% | 1.27% | 1.32% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Patriot, Ohio
In Patriot, 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 Gallia 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 Patriot, 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 Patriot is $89,440, with tax bills ranging from $560 at the 25th percentile to $2,660 at the 90th percentile. The highest and lowest median tax bills are both $1,107 in the 45658 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. This awareness helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Patriot Assessed Value
$89,440
Average Gallia County Assessed Value
$83,280
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Patriot, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45658 | $18,664 | $43,630 | $89,440 | $151,530 | $221,482 |
Source: Ownwell
Property Tax Bills Across Patriot, Ohio
In Patriot, Gallia County, OH, property tax bills are calculated based on the assessed value of a home, not its market value. The assessed value is determined by the county assessor and is typically a percentage of the market value. Once the assessed value is established, the local tax rate, known as the millage rate, is applied. For homeowners in Patriot, the median home price is $89,440. The annual property tax bill can vary significantly, with the 25th percentile at $560 and the 75th percentile reaching $1,797. At the 90th percentile, tax bills can be as high as $2,660. Comparatively, the highest median tax bill in the region is $1,107, located in the zip code 45658. These property taxes fund essential local services such as schools, public safety, and infrastructure. Homeowners need to budget for these taxes, as they can impact overall housing affordability. Given that the national median property tax rate is 0.99%, understanding local tax rates and their implications is crucial for homeowners in Patriot.
Average Patriot Tax Bill
$1,107
Average Gallia County Tax Bill
$1,068
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Patriot, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45658 | $244 | $560 | $1,107 | $1,797 | $2,660 |
Source: Ownwell