Beavercrk Twp, Ohio Property Taxes
The median property tax rate in BEAVERCRK TWP, OH is 2.27%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in BEAVERCRK TWP at $314,250, the typical annual property tax bill reaches $3,893, exceeding the national median of $2,690. Property taxes in BEAVERCRK TWP 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 BEAVERCRK TWP'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 BEAVERCRK TWP 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
Beavercrk Twp, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s BEAVERCRK TWP Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BEAVERCRK TWP with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BEAVERCRK TWP 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 Beavercrk Twp, Ohio
Property taxes in BEAVERCRK TWP, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in BEAVERCRK TWP is 2.27%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within BEAVERCRK TWP set these rates annually, and they can vary significantly across different neighborhoods. Each year, BEAVERCRK TWP 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 BEAVERCRK TWP's effective property tax rate to other areas in Ohio and the national median. For comparison, the 45385 zip code has the highest median property tax rate of 2.27%, while the 45385 zip code also has the lowest median tax rate of 2.27%. Understanding how these areas compare with BEAVERCRK TWP 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 Beavercrk Twp Tax Rate
2.27%
Average Greene County Tax Rate
2.02%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beavercrk Twp, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45385 | 1.18% | 1.73% | 2.27% | 2.29% | 2.32% |
Source: Ownwell
Property Tax Assessment Values Across Beavercrk Twp, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in BEAVERCRK TWP, Ohio. 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 BEAVERCRK TWP, 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 example, the zip code 45385 has both the highest and lowest median tax bill at $3,893. 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 BEAVERCRK TWP helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Beavercrk Twp Assessed Value
$314,250
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 Beavercrk Twp, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45385 | $111,152 | $148,780 | $314,250 | $491,950 | $682,796 |
Source: Ownwell
Property Tax Bills Across Beavercrk Twp, Ohio
In Beavercreek Township, property tax bills are calculated based on the assessed value of the property, which is determined by the local county assessor. The assessed value is a percentage of the property's market value. For instance, the median home price in the area is $314,250. Property tax rates in this region can vary, but they generally align with the county's guidelines. Several factors influence the final tax bill, including the property's location, size, and any improvements made. For homeowners, these taxes can significantly impact annual expenses. For example, the tax bill at the 25th percentile is $3,329, while at the 75th percentile, it rises to $8,078. For those at the 90th percentile, the tax bill can reach up to $13,270. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in Beavercreek Township to understand their specific rates and how they compare to national averages. This understanding helps homeowners budget effectively and plan for their financial future.
Average Beavercrk Twp Tax Bill
$3,893
Average Greene County Tax Bill
$3,355
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Beavercrk Twp, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45385 | $2,522 | $3,329 | $3,893 | $8,078 | $13,270 |
Source: Ownwell