Brinkhaven, Ohio Property Taxes
The median property tax rate in Brinkhaven, OH is 1.12%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $207,265 in Brinkhaven, the typical annual property tax bill is approximately $2,064, falling below the national median of $2,690. Property taxes in Brinkhaven are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Brinkhaven'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 Brinkhaven 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
Brinkhaven, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$2,321
Ownwell’s Brinkhaven Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brinkhaven with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brinkhaven 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 Brinkhaven, Ohio
Property taxes in Brinkhaven, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brinkhaven is 1.12%, higher than the U.S. national median of 0.99%. Local government entities within Brinkhaven set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brinkhaven 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 Brinkhaven's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43006 zip code has the highest median property tax rate of 1.12%, while the same zip code also has the lowest median tax rate of 1.12%. Understanding how these cities compare with Brinkhaven 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 Brinkhaven Tax Rate
1.12%
Average Holmes County Tax Rate
1.25%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brinkhaven, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43006 | 0.72% | 0.95% | 1.12% | 1.22% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Brinkhaven, Ohio
In Brinkhaven, 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 Brinkhaven, 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 Brinkhaven helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 43006, both at $2,064.
Average Brinkhaven Assessed Value
$207,265
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 Brinkhaven, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43006 | $59,572 | $118,128 | $207,265 | $297,322 | $385,220 |
Source: Ownwell
Property Tax Bills Across Brinkhaven, Ohio
In Brinkhaven, Holmes County, OH, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is typically a percentage of the property's market value. Factors like the property's location, size, and condition, as well as recent sales of similar properties in the area, are considered to determine this value. Once the assessed value is established, the property tax rate is applied to calculate the tax bill. For example, with a median home price of $207,265, property owners in Brinkhaven might see tax bills ranging from $1,209 at the 25th percentile to $3,934 at the 90th percentile. These figures highlight the variability in tax burdens, which can significantly impact homeowners' finances. Compared to the national median property tax rate of 0.99%, the tax rates in Brinkhaven can lead to substantial annual costs for homeowners. Understanding these factors helps residents anticipate their property tax obligations and manage their budgets effectively.
Average Brinkhaven Tax Bill
$2,064
Average Holmes County Tax Bill
$2,534
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Brinkhaven, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43006 | $677 | $1,209 | $2,064 | $3,055 | $3,934 |
Source: Ownwell