Bainbridge, Highland County, Ohio Property Taxes
The median property tax rate in Bainbridge, Ohio is 1.20%, slightly higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $79,800 in Bainbridge, the typical annual property tax bill is $859, which is significantly below the national median of $2,690. Property taxes in Bainbridge are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Bainbridge'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 Bainbridge or another part of the city, being well-informed about the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bainbridge, Highland County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$958
$889
Ownwell’s Bainbridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bainbridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bainbridge 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 Bainbridge, Highland County, Ohio
Property taxes in Bainbridge, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bainbridge is 1.20%, which is higher than the U.S. national median of 0.99%. Local government entities within Bainbridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bainbridge 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 Bainbridge's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45612 zip code has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Bainbridge provides valuable insights into the varying tax landscape across Highland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bainbridge Tax Rate
1.20%
Average Highland County Tax Rate
1.23%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bainbridge, Highland County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45612 | 0.57% | 0.96% | 1.20% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Bainbridge, Highland County, Ohio
In Bainbridge, 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 Highland 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 Bainbridge, 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 Bainbridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 45612, with a median tax bill of $859, while the lowest median tax bill is also in the 45612 zip code, amounting to $859.
Property Tax Assessment Values Across Bainbridge, Highland County, Ohio
Source: Ownwell
$40,750
$97,725
$154,700
Average Bainbridge Assessed Value
$79,800
Average Highland County Assessed Value
$82,400
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bainbridge, Highland County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45612 | $8,020 | $27,550 | $79,800 | $168,950 | $248,590 |
Source: Ownwell
Property Tax Bills Across Bainbridge, Highland County, Ohio
In Bainbridge, located in Highland County, Ohio, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the property's market value, determined by the county assessor. Homeowners in Bainbridge can expect their property tax rates to be influenced by the local tax rate, which is applied to the assessed value to determine the annual tax bill. For example, with a median home price of $79,800, property tax bills can vary significantly. The 25th percentile tax bill is around $275, while the 75th percentile tax bill reaches $1,727, and the 90th percentile can be as high as $2,455. These figures illustrate the wide range of property taxes that homeowners in Bainbridge may experience, depending on the assessed value of their property and the specific tax rates in their area. Compared to the national median property tax rate of 0.99%, the property tax rates in Bainbridge can have a notable impact on homeowners, affecting their annual financial planning and overall cost of homeownership.
Average Bainbridge Tax Bill
$859
Average Highland County Tax Bill
$971
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bainbridge, Highland County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45612 | $77 | $275 | $859 | $1,727 | $2,455 |
Source: Ownwell