Sugarcreek Township, Ohio Property Taxes
The median property tax rate in Sugarcreek Township, OH is 0.59%, significantly lower than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Sugarcreek Township at $234,370, the typical annual property tax bill is $1,177, well below the national median of $2,690. Property taxes in Sugarcreek Township are calculated based on the tax assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding Sugarcreek Township's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Sugarcreek Township or elsewhere in Greene County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sugarcreek Township, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$1,383
Ownwell’s Sugarcreek Township Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sugarcreek Township with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sugarcreek Township 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 Sugarcreek Township, Ohio
Property taxes in Sugarcreek Township, Ohio, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Sugarcreek Township is 0.59%, which is below both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Sugarcreek Township set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sugarcreek Township 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 Sugarcreek Township's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45440 has the highest median property tax rate of 0.59%, while the same zip code also has the lowest median tax rate of 0.59%. Understanding how these cities compare with Sugarcreek Township 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 Sugarcreek Township Tax Rate
0.59%
Average Greene County Tax Rate
2.02%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sugarcreek Township, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45440 | 0.34% | 0.38% | 0.59% | 2.35% | 2.40% |
Source: Ownwell
Property Tax Assessment Values Across Sugarcreek Township, Ohio
In Sugarcreek Township, 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 Sugarcreek Township, 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 Sugarcreek Township helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,177, found in zip code 45440.
Property Tax Assessment Values Across Sugarcreek Township, Ohio
Source: Ownwell
$53,770
$225,020
$396,270
Average Sugarcreek Township Assessed Value
$234,370
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 Sugarcreek Township, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45440 | $49,500 | $193,440 | $234,370 | $327,985 | $352,922 |
Source: Ownwell
Property Tax Bills Across Sugarcreek Township, Ohio
In Sugarcreek Township, located in Greene County, OH, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. Factors such as property size, location, and improvements can influence this assessed value. Homeowners in Sugarcreek Township may expect property tax bills ranging from $1,136 at the 25th percentile to $5,484 at the 90th percentile. The median home price in the area is $234,370, which influences the overall tax bill. Comparatively, the national median property tax rate is 0.99%, and Sugarcreek Township's rates reflect the local economic conditions and funding needs for public services. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly. High property taxes can affect affordability, while lower taxes might make homeownership more accessible. The local tax rate and assessed property value together determine the final tax bill, impacting homeowners' annual expenses.
Average Sugarcreek Township Tax Bill
$1,177
Average Greene County Tax Bill
$3,355
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Sugarcreek Township, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45440 | $1,132 | $1,136 | $1,177 | $3,614 | $5,484 |
Source: Ownwell