Old Washington, Guernsey County, Ohio Property Taxes
The median property tax rate in Old Washington, OH is 1.56%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Old Washington at $67,225, the typical annual property tax bill reaches $764, well below the national median of $2,690. Property taxes in Old Washington are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Old Washington'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 Old Washington or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Old Washington, Guernsey County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.56%
Estimate Property Tax Bill
$1,049
$973
Ownwell’s Old Washington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Old Washington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Old Washington 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 Old Washington, Guernsey County, Ohio
Property taxes in Old Washington, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Old Washington is 1.56%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Old Washington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Old Washington 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 Old Washington's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43768 zip code has the highest median property tax rate of 1.56%, while the 43768 zip code also has the lowest median tax rate of 1.56%. Understanding how these cities compare with Old Washington 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 Old Washington Tax Rate
1.56%
Average Guernsey County Tax Rate
1.49%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Old Washington, Guernsey County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43768 | 1.02% | 1.44% | 1.56% | 1.58% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Old Washington, Guernsey County, Ohio
In Old Washington, 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 Old Washington, 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 Old Washington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Old Washington is $67,225. The tax bill for the 25th percentile is $167, while the 75th percentile tax bill is $1,207. Notably, the highest and lowest median tax bills are both $764, found in the 43768 zip code.
Property Tax Assessment Values Across Old Washington, Guernsey County, Ohio
Source: Ownwell
$13,830
$77,013
$140,195
Average Old Washington Assessed Value
$67,225
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 Old Washington, Guernsey County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43768 | $8,183 | $12,495 | $67,225 | $78,782 | $108,519 |
Source: Ownwell
Property Tax Bills Across Old Washington, Guernsey County, Ohio
In Old Washington, located in Guernsey County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this region experience a range of property tax bills, reflecting the diverse property values within the area. The median home price in Old Washington is $67,225, and property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $167, while at the 75th percentile, it rises to $1,207. At the 90th percentile, homeowners can expect to pay around $1,616. Factors influencing the tax bill include the local tax rate, property assessments, and any applicable exemptions. The highest median tax bill recorded in the region is $764, found in the 43768 zip code. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, thereby affecting the overall cost of homeownership and community quality.
Average Old Washington Tax Bill
$764
Average Guernsey County Tax Bill
$953
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Old Washington, Guernsey County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43768 | $120 | $167 | $764 | $1,207 | $1,616 |
Source: Ownwell