Harrisville, Ohio Property Taxes
The median property tax rate in Harrisville, OH is 1.32%, notably higher than the national median of 0.99%, yet lower than the Ohio state median of 1.80%. With a median home value of $54,400 in Harrisville, the typical annual property tax bill amounts to $735, which is below the national median of $2,690. Property taxes in Harrisville are determined based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Harrisville'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 Harrisville 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
Harrisville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$718
$666
Ownwell’s Harrisville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harrisville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harrisville 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 Harrisville, Ohio
Property taxes in Harrisville, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harrisville is 1.32%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Harrisville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harrisville 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 Harrisville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43974 zip code has both the highest and lowest median property tax rate of 1.32%. Understanding how these cities compare with Harrisville 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 Harrisville Tax Rate
1.32%
Average Harrison County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harrisville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43974 | 0.69% | 1.32% | 1.32% | 1.35% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across Harrisville, Ohio
In Harrisville, 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 Harrisville, 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 Harrisville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 43974 has the highest and lowest median tax bill of $735.
Average Harrisville Assessed Value
$54,400
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 Harrisville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43974 | $40,752 | $44,615 | $54,400 | $67,270 | $103,334 |
Source: Ownwell
Property Tax Bills Across Harrisville, Ohio
In Harrisville, OH, property tax bills are determined based on the assessed value of a home, which is often a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For instance, with a median home price of $54,400, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied by Harrison County. Factors influencing the tax bill include the property's location, improvements made to the home, and any applicable exemptions. In Harrisville, the tax bills range significantly, with the 25th percentile paying around $611 and the 75th percentile paying about $952. For those in the 90th percentile, the tax bill can be as high as $1,782. These property taxes fund essential local services such as schools, public safety, and infrastructure. Homeowners in Harrisville should be aware of how these factors impact their annual tax obligations, especially when compared to the national median property tax rate of 0.99%.
Average Harrisville Tax Bill
$735
Average Harrison County Tax Bill
$839
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Harrisville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43974 | $372 | $611 | $735 | $952 | $1,782 |
Source: Ownwell