Sugarcrk Twp, Ohio Property Taxes
The median property tax rate in Sugarcreek Township, OH is 2.35%, significantly higher 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 $297,390, the typical annual property tax bill reaches $6,983, far exceeding the national median of $2,690. Property taxes in Sugarcreek Township 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 Sugarcreek Township'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 Sugarcreek Township or another part of Greene County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sugarcrk Twp, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$6,989
$6,485
Ownwell’s SUGARCRK TWP Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SUGARCRK TWP with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SUGARCRK 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 Sugarcrk Twp, Ohio
Property taxes in Sugarcreek Township, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Sugarcreek Township is 2.35%, significantly higher than 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 areas in Ohio and the national median. For comparison, the 45305 zip code has the highest median property tax rate of 2.35%, while the same zip code also has the lowest median tax rate of 2.35%. Understanding how these figures 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 Sugarcrk Twp Tax Rate
2.35%
Average Greene County Tax Rate
2.02%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sugarcrk Twp, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45305 | 2.09% | 2.31% | 2.35% | 2.36% | 2.40% |
Source: Ownwell
Property Tax Assessment Values Across Sugarcrk Twp, 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 zip code with the highest median tax bill in Sugarcreek Township is 45305, with a median tax bill of $6,983, which is significantly higher than the national median property tax rate of 0.99%.
Average Sugarcrk Twp Assessed Value
$297,390
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 Sugarcrk Twp, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45305 | $184,230 | $231,440 | $297,390 | $412,710 | $555,670 |
Source: Ownwell
Property Tax Bills Across Sugarcrk Twp, Ohio
In Sugarcreek Township, Greene County, OH, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. This assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. The tax rate, often referred to as the millage rate, is then applied to this assessed value to determine your annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. For instance, the median home price in Sugarcreek Township stands at $297,390. Homeowners in the 25th percentile can expect a tax bill around $5,262, while those in the 75th percentile might see a bill closer to $9,792. The 90th percentile tax bill can reach up to $12,568. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners to understand these local nuances.
Average Sugarcrk Twp Tax Bill
$6,983
Average Greene County Tax Bill
$3,355
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Sugarcrk Twp, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45305 | $4,272 | $5,262 | $6,983 | $9,792 | $12,568 |
Source: Ownwell