Big Prairie, Ohio Property Taxes
The median property tax rate in Big Prairie, OH is 1.36%, which is higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Big Prairie at $146,460, the typical annual property tax bill reaches $1,900, falling below the national median of $2,690. Property taxes in Big Prairie are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Big Prairie'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 Big Prairie or another part of Holmes County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Big Prairie, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$1,992
Ownwell’s BIG PRAIRIE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BIG PRAIRIE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BIG PRAIRIE 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 Big Prairie, Ohio
Property taxes in Big Prairie, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Big Prairie is 1.36%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Big Prairie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Big Prairie 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 Big Prairie's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44611 zip code has the highest median property tax rate of 1.36%, while the same zip code also has the lowest median tax rate of 1.36%. Understanding how these areas compare with Big Prairie provides valuable insights into the varying tax landscape across Holmes County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Big Prairie Tax Rate
1.36%
Average Holmes County Tax Rate
1.25%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Big Prairie, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44611 | 0.93% | 1.17% | 1.36% | 1.39% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Big Prairie, Ohio
In Big Prairie, 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 Holmes 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 Big Prairie, 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. Big Prairie's zip code 44611 has the highest median tax bill at $1,900. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Big Prairie Assessed Value
$146,460
Average Holmes County Assessed Value
$211,100
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Big Prairie, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44611 | $29,120 | $75,100 | $146,460 | $246,540 | $380,750 |
Source: Ownwell
Property Tax Bills Across Big Prairie, Ohio
In Big Prairie, Holmes County, OH, property tax bills are determined by a combination of the assessed value of the property and the local tax rate. The assessed value is a percentage of the property's market value, which is periodically evaluated by county tax assessors. For instance, the median home price in Big Prairie is $146,460. The local tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. In Big Prairie, the 25th percentile tax bill stands at $988, while the 75th percentile reaches $3,052, and the 90th percentile can go up to $4,284. These figures highlight the variability in tax bills based on property characteristics and assessed values. Homeowners in Big Prairie may find their property taxes higher or lower than the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate their annual property tax obligations and plan their finances accordingly.
Average Big Prairie Tax Bill
$1,900
Average Holmes County Tax Bill
$2,534
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Big Prairie, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44611 | $436 | $988 | $1,900 | $3,052 | $4,284 |
Source: Ownwell