Rushsylvania, Ohio Property Taxes
The median property tax rate in Rushsylvania, OH is 1.52%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $110,060 in Rushsylvania, the typical annual property tax bill amounts to $2,312, which is below the national median of $2,690. Property taxes in Rushsylvania are based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. By understanding Rushsylvania's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you reside in the heart of Rushsylvania or another part of Hardin County, a thorough understanding of the local property tax system is crucial for maximizing financial benefits.
Last Updated June 14, 2024
Rushsylvania, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.52%
Estimate Property Tax Bill
$1,673
Ownwell’s Rushsylvania Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rushsylvania with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rushsylvania 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 Rushsylvania, Ohio
Property taxes in Rushsylvania, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rushsylvania is 1.52%, significantly higher than the U.S. national median of 0.99%. Local government entities within Rushsylvania set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rushsylvania 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 Rushsylvania's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43347 zip code has the highest median property tax rate of 1.52%, while the 43347 zip code also has the lowest median tax rate of 1.52%. Understanding how these areas compare with Rushsylvania provides valuable insights into the varying tax landscape across Hardin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rushsylvania Tax Rate
1.52%
Average Hardin County Tax Rate
1.61%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rushsylvania, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43347 | 1.17% | 1.43% | 1.52% | 1.66% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Rushsylvania, Ohio
In Rushsylvania, 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 Hardin 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 Rushsylvania, 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 Rushsylvania helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,312, found in the 43347 zip code, which also has the lowest median tax bill, offering a unique insight into property tax variations within the region.
Average Rushsylvania Assessed Value
$110,060
Average Hardin County Assessed Value
$82,480
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rushsylvania, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43347 | $37,876 | $73,140 | $110,060 | $184,370 | $249,174 |
Source: Ownwell
Property Tax Bills Across Rushsylvania, Ohio
In Rushsylvania, located in Hardin County, OH, property tax bills are determined by several key factors. The primary component is the assessed value of the property, which is a percentage of the property's market value. For instance, with a median home price of $110,060, the assessed value forms the basis for calculating the tax bill. Local tax rates are then applied to this assessed value. In Hardin County, the property tax rates can result in varying tax bills, as evidenced by the range from the 25th percentile at $1,234 to the 75th percentile at $2,622, with the 90th percentile reaching up to $2,927. These figures highlight the variability homeowners might experience based on their property's assessed value and the specific rates applied. Compared to the national median property tax rate of 0.99%, Rushsylvania's tax bills reflect the localized nature of property taxation, impacting homeowners differently depending on their property's assessed value and the specific tax rates in their area.
Average Rushsylvania Tax Bill
$2,312
Average Hardin County Tax Bill
$1,448
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Rushsylvania, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43347 | $994 | $1,234 | $2,312 | $2,622 | $2,927 |
Source: Ownwell