Byesville, Ohio Property Taxes
The median property tax rate in Byesville, OH is 1.45%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Byesville at $58,410, the typical annual property tax bill amounts to $804, well below the national median of $2,690. Property taxes in Byesville are calculated based on the assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Byesville'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 Byesville or another part of Guernsey County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Byesville, 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 Byesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Byesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Byesville 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 Byesville, Ohio
Property taxes in Byesville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Byesville is 1.45%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Byesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Byesville 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 Byesville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43723 zip code has the highest median property tax rate of 1.45%, while the same zip code also has the lowest median tax rate of 1.45%. Understanding how these cities compare with Byesville provides valuable insights into the varying tax landscape across Guernsey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Byesville Tax Rate
1.45%
Average Guernsey County Tax Rate
1.49%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Byesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43723 | 1.06% | 1.42% | 1.45% | 1.49% | 1.55% |
Source: Ownwell
Property Tax Assessment Values Across Byesville, Ohio
In Byesville, 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 Guernsey 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 Byesville, 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 Byesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Byesville are both $804.00, found in zip code 43723.
Average Byesville Assessed Value
$58,410
Average Guernsey County Assessed Value
$64,830
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Byesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43723 | $6,670 | $24,000 | $58,410 | $95,805 | $147,392 |
Source: Ownwell
Property Tax Bills Across Byesville, Ohio
In Byesville, Guernsey County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value, and the tax rate is applied to this assessed value. Homeowners in Byesville experience a range of property tax bills. For example, the 25th percentile tax bill is $302, while the 75th percentile tax bill is $1,333, and the 90th percentile tax bill reaches $2,109. The median home price in Byesville is $58,410, which influences the overall tax burden. Compared to the national median property tax rate of 0.99%, Byesville's property tax rates can vary significantly, affecting homeowners' financial planning. Higher property taxes can impact household budgets, while lower taxes might make the area more attractive to potential buyers. Understanding how these taxes are calculated helps homeowners anticipate their annual expenses and manage their finances effectively.
Average Byesville Tax Bill
$804
Average Guernsey County Tax Bill
$953
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Byesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43723 | $82 | $302 | $804 | $1,333 | $2,109 |
Source: Ownwell