Sugar Grove, Ohio Property Taxes
The median property tax rate in Sugar Grove, Ohio 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 $181,120 in Sugar Grove, the typical annual property tax bill amounts to $2,462, slightly below the national median of $2,690. Property taxes in Sugar Grove are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Sugar Grove's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you reside in the heart of Sugar Grove or its surrounding areas, gaining insights into the local property tax system can be highly beneficial.
Last Updated June 14, 2024
Sugar Grove, 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 Sugar Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sugar Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sugar Grove 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 Sugar Grove, Ohio
Property taxes in Sugar Grove, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sugar Grove is 1.35%, significantly higher than the U.S. national median of 0.99%. Local government entities within Sugar Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sugar Grove 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 Sugar Grove's effective property tax rate to other areas and the national median. For comparison, the highest and lowest median property tax rates in Hocking County are both 1.35%, the same as in Sugar Grove. Understanding how these cities compare with Sugar Grove 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 Sugar Grove 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 Sugar Grove, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43155 | 1.20% | 1.34% | 1.35% | 1.38% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Sugar Grove, Ohio
In Sugar Grove, 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 Sugar Grove, 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 Sugar Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 43155, with a median tax bill of $2,462, which is significantly higher than the national median property tax rate of 0.99%.
Average Sugar Grove Assessed Value
$181,120
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 Sugar Grove, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43155 | $29,726 | $109,615 | $181,120 | $259,495 | $347,362 |
Source: Ownwell
Property Tax Bills Across Sugar Grove, Ohio
In Sugar Grove, Hocking 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 market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. Factors influencing the tax bill include the property's location, improvements made, and any applicable exemptions. For homeowners in Sugar Grove, the median home price is $181,120. The property tax rate in the area is reflected in the range of tax bills, with the 25th percentile tax bill at $1,507 and the 75th percentile at $3,524. The 90th percentile tax bill can go up to $4,827. Comparatively, the national median property tax rate is 0.99%, indicating that local rates can significantly impact the overall tax burden. The highest and lowest median tax bills in the area are both $2,462, highlighting a level of consistency within the region.
Average Sugar Grove Tax Bill
$2,462
Average Hocking County Tax Bill
$1,629
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Sugar Grove, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43155 | $697 | $1,507 | $2,462 | $3,524 | $4,827 |
Source: Ownwell