Mowrystown, Ohio Property Taxes
The median property tax rate in Mowrystown, OH is 1.46%, which is 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 Mowrystown at $44,600, the typical annual property tax bill reaches $684, well below the national median of $2,690. Property taxes in Mowrystown 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 Mowrystown'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 Mowrystown or another part of Highland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mowrystown, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Mowrystown Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mowrystown using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mowrystown to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, ensuring you are well-prepared for any financial obligations. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes and takes into account any applicable exemptions.
Property Tax Rates Across Mowrystown, Ohio
Property taxes in Mowrystown, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mowrystown is 1.46%, significantly higher than the U.S. national median of 0.99%. Local government entities within Mowrystown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mowrystown 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 Mowrystown's effective property tax rate to other areas in Ohio and the national median. For comparison, the 45155 zip code has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with Mowrystown 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 Mowrystown Tax Rate
1.46%
Average Highland County Tax Rate
1.23%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mowrystown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45155 | 1.13% | 1.46% | 1.46% | 1.70% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Mowrystown, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mowrystown, Ohio. 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 Mowrystown, 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 Mowrystown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $684 in the 45155 zip code, while the lowest is also $684 in the same zip code.
Average Mowrystown Assessed Value
$44,600
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 Mowrystown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45155 | $4,800 | $11,200 | $44,600 | $63,300 | $77,500 |
Source: Ownwell
Property Tax Bills Across Mowrystown, Ohio
In Mowrystown, located in Highland County, OH, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in the area is $44,600. To determine the property tax bill, local tax rates are applied to this assessed value. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and local government budgets. For homeowners in Mowrystown, the tax bill can vary significantly. At the 25th percentile, the tax bill is around $180, while at the 75th percentile, it rises to approximately $974. The 90th percentile tax bill can reach up to $1,120. The highest and lowest median tax bills in the area are both $684, indicating a relatively narrow range of typical tax bills within the zip code 45155. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Homeowners need to be aware of these factors to manage their finances effectively.
Average Mowrystown Tax Bill
$684
Average Highland County Tax Bill
$971
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Mowrystown, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45155 | $85 | $180 | $684 | $974 | $1,120 |
Source: Ownwell