Loudonville, Holmes County, Ohio Property Taxes
The median property tax rate in Loudonville, OH is 1.49%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $23,980, the typical annual property tax bill in Loudonville amounts to $355, which is considerably less than the national median of $2,690. Property taxes in Loudonville are calculated based on the assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Loudonville's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners can achieve substantial annual savings. Whether you're residing in the heart of Loudonville or its surrounding areas, a thorough grasp of the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Loudonville, Holmes County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$357
$332
Ownwell’s Loudonville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Loudonville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Loudonville 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 Loudonville, Holmes County, Ohio
Property taxes in Loudonville, Ohio, play a crucial role in supporting essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Loudonville is 1.49%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Loudonville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Loudonville 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 Loudonville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44842 zip code has the highest median property tax rate of 1.49%, while the same zip code also has the lowest median tax rate of 1.49%. Understanding how these cities compare with Loudonville 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 Loudonville Tax Rate
1.49%
Average Holmes County Tax Rate
1.25%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Loudonville, Holmes County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44842 | 1.12% | 1.46% | 1.49% | 1.51% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Loudonville, Holmes County, Ohio
In Loudonville, 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. 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 Loudonville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Loudonville is $355 in the 44842 zip code, while the lowest median tax bill is also $355 in the same zip code.
Property Tax Assessment Values Across Loudonville, Holmes County, Ohio
Source: Ownwell
$23,980
$200,808
$377,635
Average Loudonville Assessed Value
$23,980
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 Loudonville, Holmes County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44842 | $6,200 | $9,500 | $23,980 | $184,375 | $336,035 |
Source: Ownwell
Property Tax Bills Across Loudonville, Holmes County, Ohio
In Loudonville, Holmes County, OH, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property location, improvements, and exemptions can influence the assessed value. For instance, a median home price in Loudonville is $23,980, and property tax bills can range significantly. Homeowners at the 25th percentile pay around $141 annually, while those at the 75th percentile see bills up to $2,533. At the 90th percentile, tax bills can reach as high as $3,957. The highest median tax bill in the area is $355, which is considerably lower than the national median property tax rate of 0.99%. This system ensures that property taxes are proportionate to the value of the property, impacting homeowners differently based on their property’s assessed value and the applicable local tax rates.
Average Loudonville Tax Bill
$355
Average Holmes County Tax Bill
$2,534
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Loudonville, Holmes County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44842 | $92 | $141 | $355 | $2,533 | $3,957 |
Source: Ownwell