Sweet Home, Ohio Property Taxes
The median property tax rate in Sweet Home, Ohio is 0.86%, which is notably lower than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value of $53,770 in Sweet Home, the typical annual property tax bill is approximately $461, significantly less than the national median of $2,690. Property taxes in Sweet Home are determined based on the assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Gaining a thorough understanding of Sweet Home's property tax system, exploring available exemptions, and identifying potential opportunities for reductions can lead to substantial annual savings. Whether you reside in the heart of Sweet Home or another part of the city, familiarizing yourself with the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Sweet Home, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$462
Ownwell's Sweet Home Property Tax Bill Calculator is a valuable resource for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sweet Home with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sweet Home to provide an estimate of 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 Sweet Home, Ohio
Property taxes in Sweet Home, Ohio, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Sweet Home is 1.48%, significantly higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Sweet Home set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sweet Home 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 Sweet Home's effective property tax rate to other counties in Ohio and the national median. For comparison, the 97386 zip code has the highest median property tax rate of 1.48%, while the same zip code also has the lowest median tax rate of 1.48%. Understanding how these cities compare with Sweet Home 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 Sweet Home Tax Rate
0.86%
Average Greene County Tax Rate
2.02%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sweet Home, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97386 | 0.86% | 0.86% | 0.86% | 0.86% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Sweet Home, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sweet Home, 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 Sweet Home, 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. In Sweet Home, the highest median tax bill is $461 in the 97386 zip code, which is also the lowest. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sweet Home Assessed Value
$53,770
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 Sweet Home, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97386 | $53,770 | $53,770 | $53,770 | $53,770 | $53,770 |
Source: Ownwell
Property Tax Bills Across Sweet Home, Ohio
In Sweet Home, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the Greene County assessor's office, which evaluates the property's market value and applies an assessment ratio. For homeowners in Sweet Home, the median home price stands at $53,770. The property tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value. In Sweet Home, the property tax bill is relatively stable, with the 25th, 75th, and 90th percentiles all reporting a tax bill of $461. This consistency simplifies financial planning for homeowners, providing predictability in their annual expenses. Compared to the national median property tax rate of 0.99%, Sweet Home offers a competitive and manageable tax environment, making it an attractive option for current and prospective homeowners.
Average Sweet Home Tax Bill
$461
Average Greene County Tax Bill
$3,355
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Sweet Home, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 97386 | $461 | $461 | $461 | $461 | $461 |
Source: Ownwell