Brilliant, Ohio Property Taxes
The median property tax rate in Brilliant, OH is 2.03%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value of $49,570 in Brilliant, the typical annual property tax bill reaches $1,007, surpassing the national median of $2,690. Property taxes in Brilliant are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Brilliant's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Brilliant or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brilliant, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Brilliant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brilliant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brilliant 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 Brilliant, Ohio
Property taxes in Brilliant, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brilliant is 1.35%, which is higher than the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Brilliant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brilliant 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 Brilliant's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43913 zip code has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Brilliant provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brilliant Tax Rate
2.03%
Average Jefferson County Tax Rate
2.19%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brilliant, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43913 | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Brilliant, Ohio
In Brilliant, 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 Jefferson 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 Brilliant, 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 Brilliant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $1007, found in zip code 43913.
Average Brilliant Assessed Value
$49,570
Average Jefferson County Assessed Value
$67,215
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brilliant, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43913 | $9,738 | $25,890 | $49,570 | $65,505 | $90,542 |
Source: Ownwell
Property Tax Bills Across Brilliant, Ohio
In Brilliant, located in Jefferson County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Brilliant is $49,570. The local tax rate is applied to this assessed value to determine the annual property tax bill. For example, homeowners in the 25th percentile pay around $526 annually, while those in the 75th percentile pay approximately $1,331. At the 90th percentile, the tax bill can reach up to $1,839. These property tax bills are influenced by various factors, including the home's location, size, and condition. Compared to the national median property tax rate of 0.99%, homeowners in Brilliant experience a range of tax burdens. The highest median tax bill in the area is $1,007, which is relatively moderate. Understanding these factors can help homeowners anticipate their tax obligations and manage their finances more effectively.
Average Brilliant Tax Bill
$1,007
Average Jefferson County Tax Bill
$1,517
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Brilliant, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43913 | $198 | $526 | $1,007 | $1,331 | $1,839 |
Source: Ownwell