Tippecanoe, Ohio Property Taxes
The median property tax rate in Tippecanoe, OH is 1.51%, considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Tippecanoe at $35,180, the typical annual property tax bill reaches $342, which is significantly below the national median of $2,690. Property taxes in Tippecanoe 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 Tippecanoe'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 Tippecanoe or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Tippecanoe, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$531
$493
Ownwell’s TIPPECANOE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in TIPPECANOE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in TIPPECANOE 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 Tippecanoe, Ohio
Property taxes in Tippecanoe, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tippecanoe is 1.51%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Tippecanoe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tippecanoe 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 Tippecanoe's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44699 zip code has the highest median property tax rate of 1.51%, while the same 44699 zip code also has the lowest median tax rate of 1.51%. Understanding how these areas compare with Tippecanoe 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 Tippecanoe Tax Rate
1.51%
Average Guernsey County Tax Rate
1.49%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tippecanoe, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44699 | 0.86% | 1.42% | 1.51% | 1.57% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Tippecanoe, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Tippecanoe, 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 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. Assessment notices in Tippecanoe 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 Tippecanoe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Tippecanoe are both $342.00, found in zip code 44699.
Average Tippecanoe Assessed Value
$35,180
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 Tippecanoe, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44699 | $11,446 | $17,170 | $35,180 | $39,485 | $76,368 |
Source: Ownwell
Property Tax Bills Across Tippecanoe, Ohio
In Tippecanoe, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor's office. This assessed value is then multiplied by the local tax rate set by various taxing authorities, including the county, school districts, and other special districts. The median home price in Tippecanoe is $35,180, and tax bills can vary significantly. Homeowners in the 25th percentile typically see tax bills around $178, while those in the 75th percentile pay about $546. For those in the 90th percentile, tax bills can reach up to $1,131. These figures indicate that property taxes can create a wide range of financial obligations for homeowners, potentially affecting their overall affordability and financial planning. Compared to the national median property tax rate of 0.99%, the rates in Tippecanoe reflect the local economic conditions and funding needs. Understanding these factors is crucial for homeowners to manage their budgets effectively.
Average Tippecanoe Tax Bill
$342
Average Guernsey County Tax Bill
$953
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Tippecanoe, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44699 | $98 | $178 | $342 | $546 | $1,131 |
Source: Ownwell