Hammondsville, Ohio Property Taxes
The median property tax rate in Hammondsville, OH is 2.16%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Hammondsville, the typical annual property tax bill reaches $1,680, which is below the national median of $2,690. Property taxes in Hammondsville 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 Hammondsville'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 Hammondsville 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
Hammondsville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.16%
Estimate Property Tax Bill
$1,753
Ownwell’s Hammondsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hammondsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hammondsville 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 Hammondsville, Ohio
Property taxes in Hammondsville, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hammondsville is 1.56%, higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Hammondsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hammondsville 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 Hammondsville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43930 zip code has the highest median property tax rate of 1.56%, while the same zip code also has the lowest median tax rate of 1.56%. Understanding how these cities compare with Hammondsville 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 Hammondsville Tax Rate
2.16%
Average Jefferson County Tax Rate
2.19%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hammondsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43930 | 1.93% | 1.93% | 2.16% | 2.16% | 2.16% |
Source: Ownwell
Property Tax Assessment Values Across Hammondsville, Ohio
In HammondsVille, 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 HammondsVille, 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. Notably, the zip code with the highest median tax bill is 43930, at $1,680, which also happens to be the lowest in the region. Being aware of these valuation processes in HammondsVille helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hammondsville Assessed Value
$81,155
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 Hammondsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43930 | $24,204 | $44,608 | $81,155 | $119,035 | $161,142 |
Source: Ownwell
Property Tax Bills Across Hammondsville, Ohio
In Hammondsville, located in Jefferson County, OH, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Hammondsville is $81,155. Property tax rates in this area are applied to the assessed value to calculate the tax bill. Homeowners in Hammondsville can expect their tax bills to vary significantly, with the 25th percentile tax bill at $896 and the 75th percentile reaching $2,475. At the 90th percentile, tax bills can go up to $3,413. These tax bills are influenced by various factors, including property values, local tax rates, and any applicable exemptions. The highest and lowest median tax bills in the area are both $1,680, indicating a consistent tax rate within the 43930 zip code. Compared to the national median property tax rate of 0.99%, Hammondsville's tax rates can be considered relatively moderate. Homeowners need to be aware of these factors as they can significantly impact their annual expenses.
Average Hammondsville Tax Bill
$1,680
Average Jefferson County Tax Bill
$1,517
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Hammondsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43930 | $523 | $896 | $1,680 | $2,475 | $3,413 |
Source: Ownwell