Alpha, Ohio Property Taxes
The median property tax rate in ALPHA, OH is 2.54%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in ALPHA at $102,640, the typical annual property tax bill reaches $2,456, just below the national median of $2,690. Property taxes in ALPHA 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 ALPHA'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 ALPHA 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
Alpha, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.54%
Estimate Property Tax Bill
$2,607
Ownwell’s ALPHA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ALPHA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ALPHA 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 Alpha, Ohio
Property taxes in ALPHA, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in ALPHA is 2.54%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within ALPHA set these rates annually, and they can vary significantly across different neighborhoods. Each year, ALPHA 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 ALPHA's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45301 zip code has the highest median property tax rate of 2.54%, while the 45301 zip code also has the lowest median tax rate of 2.54%. Understanding how these cities compare with ALPHA provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alpha Tax Rate
2.54%
Average Greene County Tax Rate
2.02%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alpha, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45301 | 1.89% | 2.31% | 2.54% | 2.59% | 2.59% |
Source: Ownwell
Property Tax Assessment Values Across Alpha, Ohio
In ALPHA, 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 Greene 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 ALPHA, 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 ALPHA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 45301 has both the highest and lowest median tax bill at $2,456, compared to the national median property tax rate of 0.99%.
Average Alpha Assessed Value
$102,640
Average Greene County Assessed Value
$165,090
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alpha, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45301 | $45,990 | $80,890 | $102,640 | $126,320 | $152,150 |
Source: Ownwell
Property Tax Bills Across Alpha, Ohio
In ALPHA, located in Greene County, OH, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine your annual tax bill. For homeowners in ALPHA, the median home price is $102,640. The median property tax bill in Greene County stands at $2,456, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in ALPHA may face property tax bills ranging from $1,811 at the 25th percentile to $3,696 at the 90th percentile. This variability highlights the importance of accurate property assessments and potential appeals to ensure fair taxation. Understanding how these factors interplay can help homeowners better manage their finances and potentially reduce their property tax burden through appeals or exemptions.
Average Alpha Tax Bill
$2,456
Average Greene County Tax Bill
$3,355
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Alpha, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45301 | $921 | $1,811 | $2,456 | $3,092 | $3,696 |
Source: Ownwell