Diller, Ohio Property Taxes
The median property tax rate in Diller, OH is 1.64%, 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 Diller at $133,100, the typical annual property tax bill reaches $2,186, slightly below the national median of $2,690. Property taxes in Diller 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 Diller'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 Diller 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
Diller, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.64%
Estimate Property Tax Bill
$2,183
$2,026
Ownwell’s Diller Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Diller with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Diller 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 Diller, Ohio
Property taxes in Diller, Ohio, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Diller is 1.64%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Diller set these rates annually, and they can vary significantly across different neighborhoods. Each year, Diller 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 Diller's effective property tax rate to other counties in Ohio and the national median. For comparison, the 68342 zip code has the highest median property tax rate of 1.64%, while the same zip code also has the lowest median tax rate of 1.64%. Understanding how these areas compare with Diller 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 Diller Tax Rate
1.64%
Average Highland County Tax Rate
1.23%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Diller, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68342 | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Diller, Ohio
In Diller, 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 Diller, 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 Diller helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Diller are both $2,186, found in the 68342 zip code.
Average Diller Assessed Value
$133,100
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 Diller, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68342 | $133,100 | $133,100 | $133,100 | $133,100 | $133,100 |
Source: Ownwell
Property Tax Bills Across Diller, Ohio
In Diller, property tax bills are calculated based on the assessed value of a property, which is determined by the Highland County Assessor’s Office. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Diller is $133,100, and the property tax rate is influenced by various factors, including local government budgets and public service needs. Homeowners in Diller face a median property tax bill of $2,186, which is significantly higher than the national median property tax rate of 0.99%. This higher tax bill can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and long-term financial planning. The uniformity in tax bills within the region indicates a consistent application of the tax rate, but it also highlights the importance of understanding local property tax policies and potential appeal opportunities to manage expenses effectively.
Average Diller Tax Bill
$2,186
Average Highland County Tax Bill
$971
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Diller, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 68342 | $2,186 | $2,186 | $2,186 | $2,186 | $2,186 |
Source: Ownwell