Bowerston, Ohio Property Taxes
The median property tax rate in Bowerston, OH is 1.45%, which is higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With the median home value in Bowerston at $59,680, the typical annual property tax bill amounts to $820, well below the national median of $2,690. Property taxes in Bowerston are calculated based on the assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Gaining a thorough understanding of Bowerston's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Bowerston or another part of Harrison County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bowerston, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$865
$803
Ownwell’s Bowerston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bowerston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bowerston 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 Bowerston, Ohio
Property taxes in Bowerston, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bowerston is 1.45%, higher than the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Bowerston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bowerston 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 Bowerston's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44695 zip code has the highest median property tax rate of 1.45%, while the 43983 zip code has the lowest median tax rate of 1.30%. Understanding how these cities compare with Bowerston provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bowerston Tax Rate
1.45%
Average Harrison County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bowerston, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43983 | 1.30% | 1.30% | 1.30% | 1.30% | 1.30% |
| 44695 | 0.91% | 1.39% | 1.45% | 1.53% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Bowerston, Ohio
In Bowerston, 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 Harrison 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 Bowerston, 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. For instance, the highest median tax bill in Bowerston is $821 in the 44695 zip code, while the lowest is $302 in the 43983 zip code. 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 Bowerston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bowerston Assessed Value
$59,680
Average Harrison County Assessed Value
$63,430
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bowerston, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43983 | $23,340 | $23,340 | $23,340 | $23,340 | $23,340 |
| 44695 | $17,498 | $36,568 | $59,840 | $98,545 | $158,592 |
Source: Ownwell
Property Tax Bills Across Bowerston, Ohio
In Bowerston, property tax bills are determined by the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate set by Harrison County. Homeowners in Bowerston pay a median property tax rate of 0.99%, aligning with the national median. For a home with a median price of $59,680, this translates to a median tax bill of approximately $592 annually. Several factors influence the final tax bill, including property location, home size, and any applicable exemptions. For instance, tax bills in Bowerston range significantly, with the 25th percentile at $492 and the 90th percentile reaching up to $1,902. Homeowners in the 44695 zip code face the highest median tax bill at $821, while those in the 43983 zip code enjoy the lowest at $302. These variations impact homeowners differently, influencing their financial planning and overall cost of living.
Average Bowerston Tax Bill
$820
Average Harrison County Tax Bill
$839
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bowerston, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43983 | $302 | $302 | $302 | $302 | $302 |
| 44695 | $233 | $497 | $821 | $1,304 | $1,905 |
Source: Ownwell