Millersburg, Ohio Property Taxes
The median property tax rate in Millersburg, OH is 1.21%, slightly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Millersburg, the typical annual property tax bill reaches $2,654, just below the national median of $2,690. Property taxes in Millersburg are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Millersburg'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 Millersburg 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
Millersburg, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$2,714
$2,518
Ownwell’s Millersburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Millersburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Millersburg 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 Millersburg, Ohio
Property taxes in Millersburg, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Millersburg is 1.21%, higher than the U.S. national median of 0.99%. Local government entities within Millersburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Millersburg 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 Millersburg's effective property tax rate to other areas in Holmes County and the national median. For comparison, the 44654 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these areas compare with Millersburg 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 Millersburg Tax Rate
1.21%
Average Holmes County Tax Rate
1.25%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Millersburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44654 | 0.87% | 1.09% | 1.21% | 1.32% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Millersburg, Ohio
In Millersburg, 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 property appraiser 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 Millersburg, 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 Millersburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,654 in the 44654 zip code, while the lowest is also $2,654 in the same zip code.
Average Millersburg Assessed Value
$224,280
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 Millersburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44654 | $57,876 | $125,250 | $224,280 | $351,000 | $534,876 |
Source: Ownwell
Property Tax Bills Across Millersburg, Ohio
In Millersburg, Holmes County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The county's tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $224,280, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Factors such as the property's location, size, and condition can influence the assessed value. Additional considerations include local tax levies for schools, infrastructure, and public services, which can vary within the county. Homeowners in the 25th percentile pay around $1,558 annually, while those in the 75th percentile face bills closer to $3,968. For properties in the 90th percentile, tax bills can reach up to $5,462. Understanding these factors is crucial for homeowners, as property taxes represent a significant expense. Staying informed about local tax rates and potential exemptions can help manage these costs effectively.
Average Millersburg Tax Bill
$2,654
Average Holmes County Tax Bill
$2,534
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Millersburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44654 | $750 | $1,558 | $2,654 | $3,968 | $5,462 |
Source: Ownwell