Guernsey, Ohio Property Taxes
The median property tax rate in Guernsey, OH is 1.39%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $55,960 in Guernsey, the typical annual property tax bill amounts to $779, significantly below the national median of $2,690. Property taxes in Guernsey are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Guernsey'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 Guernsey or another part of the county, knowing the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Guernsey, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$778
$722
Ownwell’s Guernsey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Guernsey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Guernsey 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 Guernsey, Ohio
Property taxes in Guernsey, Ohio, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Guernsey is 1.39%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Guernsey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Guernsey 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 Guernsey's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43749 has the highest median property tax rate of 1.39%, while the same zip code also has the lowest median tax rate of 1.39%. Understanding how these areas compare with Guernsey 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 Guernsey Tax Rate
1.39%
Average Guernsey County Tax Rate
1.49%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Guernsey, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43749 | 1.39% | 1.39% | 1.39% | 1.39% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Guernsey, Ohio
In Guernsey, 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 local 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 Guernsey, 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. The highest and lowest median tax bills in the county are both $779, found in the 43749 zip code. Being aware of these valuation processes in Guernsey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Guernsey Assessed Value
$55,960
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 Guernsey, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43749 | $55,960 | $55,960 | $55,960 | $55,960 | $55,960 |
Source: Ownwell
Property Tax Bills Across Guernsey, Ohio
In Guernsey, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is a percentage of the market value of the property. Homeowners in Guernsey can expect a median property tax rate of 0.99%, aligning with the national median. The tax bill is then calculated by applying this rate to the assessed value. For instance, with a median home price of $55,960, homeowners can anticipate a tax bill around $779, which is consistent across various percentiles in the region. Factors such as property location, size, and any applicable exemptions also influence the final tax amount. A consistent tax rate helps homeowners budget more predictably, but it also means that any increase in property value directly impacts the tax bill. Understanding these factors can assist homeowners in planning for their annual property tax expenses and exploring potential exemptions to reduce their tax burden.
Average Guernsey Tax Bill
$779
Average Guernsey County Tax Bill
$953
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Guernsey, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43749 | $779 | $779 | $779 | $779 | $779 |
Source: Ownwell