Highland, Ohio Property Taxes
The median property tax rate in Highland, OH is 1.45%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Highland at $48,700, the typical annual property tax bill reaches $744, still below the national median of $2,690. Property taxes in Highland 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 Highland'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 Highland 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
Highland, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$706
$655
Ownwell’s Highland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Highland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Highland 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 Highland, Ohio
Property taxes in Highland, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Highland is 1.45%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Highland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Highland 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 Highland's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45132 zip code has both the highest and lowest median property tax rate of 1.45%. Understanding how these cities compare with Highland 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 Highland Tax Rate
1.45%
Average Highland County Tax Rate
1.23%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Highland, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45132 | 1.02% | 1.42% | 1.45% | 1.52% | 2.63% |
Source: Ownwell
Property Tax Assessment Values Across Highland, Ohio
In Highland, 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 county 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 Highland, 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. The median home price in Highland is $48,700, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $250, while the 75th percentile tax bill is $1,218. The highest median tax bill in Highland is $744, located in the 45132 zip code. By understanding 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 Highland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Highland Assessed Value
$48,700
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 Highland, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45132 | $6,820 | $18,000 | $48,700 | $77,500 | $88,780 |
Source: Ownwell
Property Tax Bills Across Highland, Ohio
In Highland, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value typically represents a percentage of the market value of the property. For homeowners in Highland, the median home price is $48,700. Property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property characteristics, location, and applicable exemptions. In Highland, the property tax rate is applied uniformly, but individual tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $250, while at the 75th percentile, it rises to $1,218, and at the 90th percentile, it reaches $1,551. These property taxes fund essential local services such as schools, public safety, and infrastructure. With the national median property tax rate at 0.99%, homeowners in Highland might find their tax liabilities relatively manageable, depending on the specific assessed value of their homes.
Average Highland Tax Bill
$744
Average Highland County Tax Bill
$971
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Highland, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45132 | $108 | $250 | $744 | $1,218 | $1,551 |
Source: Ownwell