Holmesville, Ohio Property Taxes
The median property tax rate in Holmesville, OH is 1.36%, 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 $189,560 in Holmesville, the typical annual property tax bill amounts to $2,463, slightly below the national median of $2,690. Property taxes in Holmesville 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. Understanding Holmesville'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 Holmesville or another part of Holmes County, a thorough grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Holmesville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.36%
Estimate Property Tax Bill
$2,578
Ownwell’s Holmesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holmesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holmesville 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 Holmesville, Ohio
Property taxes in Holmesville, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holmesville is 1.36%, which is notably higher than the U.S. national median of 0.99%. Local government entities within Holmesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holmesville 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 Holmesville's effective property tax rate to other counties and the national median. For comparison, the zip code 44633 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 cities compare with Holmesville 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 Holmesville 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 Holmesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44633 | 0.93% | 1.33% | 1.36% | 1.43% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Holmesville, Ohio
In Holmesville, 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 Holmesville, 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 Holmesville 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 44633, with a tax bill of $2,463, which is significantly higher than the national median property tax rate of 0.99%.
Average Holmesville Assessed Value
$189,560
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 Holmesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44633 | $23,010 | $94,110 | $189,560 | $299,170 | $463,060 |
Source: Ownwell
Property Tax Bills Across Holmesville, Ohio
In Holmesville, OH, property tax bills are calculated based on the assessed value of the property, which is determined by the Holmes County Auditor. This assessed value is a percentage of the market value of the home. For instance, if the median home price in Holmesville is $189,560, the assessed value would be a fraction of this amount. The local tax rate is then applied to the assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property location, size, and any applicable exemptions. For example, the 25th percentile tax bill in Holmesville is $1,294, while the 75th percentile tax bill is $3,808, indicating a range based on property characteristics and exemptions. Homeowners in Holmesville can expect property tax bills that reflect these variables, which can significantly impact their annual expenses. Compared to the national median property tax rate of 0.99%, Holmesville's property tax rates and resulting bills provide insight into the local cost of homeownership.
Average Holmesville Tax Bill
$2,463
Average Holmes County Tax Bill
$2,534
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Holmesville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44633 | $336 | $1,294 | $2,463 | $3,808 | $5,195 |
Source: Ownwell