Seaman, Ohio Property Taxes
The median property tax rate in Seaman, OH is 1.11%, 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 $89,250, the typical annual property tax bill in Seaman is $929, which is below the national median of $2,690. Property taxes in Seaman are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Seaman'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 Seaman 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
Seaman, 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 Seaman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Seaman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Seaman 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 Seaman, Ohio
Property taxes in Seaman, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Seaman is 1.11%, which is notably higher than the U.S. national median of 0.99%. Local government entities within Seaman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seaman 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 Seaman's effective property tax rate to other areas and the national median. For comparison, the ZIP code 45679 has the highest median property tax rate of 1.11%, while the same ZIP code also has the lowest median tax rate of 1.11%. Understanding how these areas compare with Seaman 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 Seaman Tax Rate
1.11%
Average Highland County Tax Rate
1.23%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seaman, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45679 | 0.58% | 0.85% | 1.11% | 1.13% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Seaman, Ohio
In Seaman, 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 local 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 Seaman, 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 Seaman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 45679 has the highest and lowest median tax bill at $929.
Average Seaman Assessed Value
$89,250
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 Seaman, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45679 | $28,280 | $49,050 | $89,250 | $160,775 | $252,990 |
Source: Ownwell
Property Tax Bills Across Seaman, Ohio
In Seaman, Highland County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the property's market value. Homeowners in Seaman can expect their property tax bill to vary significantly depending on their home's assessed value. For example, the 25th percentile tax bill is around $448, while the 75th percentile tax bill is approximately $1,398. In some cases, the tax bill can go up to $2,218, which falls in the 90th percentile. The median home price in Seaman is $89,250, and the property tax rate in this region is relatively moderate compared to the national median property tax rate of 0.99%. Factors such as property improvements, neighborhood developments, and changes in the local economy can influence the assessed value, thereby affecting the tax bill. Homeowners must stay informed about these factors to anticipate changes in their property tax obligations.
Average Seaman Tax Bill
$929
Average Highland County Tax Bill
$971
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Seaman, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45679 | $240 | $448 | $929 | $1,398 | $2,218 |
Source: Ownwell