South Bloomingville, Ohio Property Taxes
The median property tax rate in South Bloomingville, OH is 1.35%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $123,400 in South Bloomingville, the typical annual property tax bill amounts to $1,939, falling below the national median of $2,690. Property taxes in South Bloomingville are calculated based on the assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding South Bloomingville'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 South Bloomingville or another part of Hocking County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
South Bloomingville, 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 South Bloomingville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Bloomingville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Bloomingville 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 South Bloomingville, Ohio
Property taxes in South Bloomingville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Bloomingville is 1.35%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within South Bloomingville set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Bloomingville 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 South Bloomingville's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43152 has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with South Bloomingville provides valuable insights into the varying tax landscape across Hocking County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average South Bloomingville Tax Rate
1.35%
Average Hocking County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Bloomingville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43152 | 1.18% | 1.32% | 1.35% | 1.36% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across South Bloomingville, Ohio
In South Bloomingville, 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 Hocking 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 South Bloomingville, 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. For instance, the median home price in South Bloomingville is $123,400, and the 25th percentile tax bill is around $1,195, while the 75th percentile tax bill reaches up to $3,230. 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 South Bloomingville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across South Bloomingville, Ohio
Source: Ownwell
$35,920
$159,905
$283,890
Average South Bloomingville Assessed Value
$123,400
Average Hocking County Assessed Value
$109,310
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across South Bloomingville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43152 | $13,543 | $55,429 | $123,400 | $207,230 | $377,430 |
Source: Ownwell
Property Tax Bills Across South Bloomingville, Ohio
In South Bloomingville, Ohio, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The tax rate in Hocking County plays a crucial role in determining the final tax bill. For homeowners in South Bloomingville, the median home price is $123,400. The property tax rate is applied to the assessed value, resulting in varying tax bills across different percentiles. For instance, at the 25th percentile, tax bills average around $1,195, while at the 75th percentile, they can rise to approximately $3,230. The top 10% of homeowners face tax bills as high as $5,715. Compared to the national median property tax rate of 0.99%, the tax burden in South Bloomingville can be significant, especially for higher-valued properties. Understanding these factors helps homeowners anticipate their annual expenses and plan accordingly. By knowing how their property tax bill is calculated, homeowners can better manage their finances and ensure they are prepared for these obligations.
Average South Bloomingville Tax Bill
$1,939
Average Hocking County Tax Bill
$1,629
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across South Bloomingville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43152 | $601 | $1,195 | $1,939 | $3,230 | $5,715 |
Source: Ownwell