Tiltonsville, Ohio Property Taxes
The median property tax rate in Tiltonsville, OH, is 2.35%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Tiltonsville at $65,250, the typical annual property tax bill reaches $1,534, which is below the national median of $2,690. Property taxes in Tiltonsville 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 Tiltonsville'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 Tiltonsville 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
Tiltonsville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$1,533
Ownwell’s Tiltonsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tiltonsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tiltonsville 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 Tiltonsville, Ohio
Property taxes in Tiltonsville, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tiltonsville is 1.35%, higher than both the Ohio state median of 1.41% and the U.S. national median of 0.99%. Local government entities within Tiltonsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tiltonsville 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 Tiltonsville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43963 zip code has the highest median property tax rate of 1.35%, while the same 43963 zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Tiltonsville 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 Tiltonsville Tax Rate
2.35%
Average Jefferson County Tax Rate
2.19%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tiltonsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43963 | 2.35% | 2.35% | 2.35% | 2.35% | 2.35% |
Source: Ownwell
Property Tax Assessment Values Across Tiltonsville, Ohio
In Tiltonsville, 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 Tiltonsville, 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. The highest median tax bill in Tiltonsville is $1,534 in the zip code 43963, while the lowest median tax bill is also $1,534 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tiltonsville Assessed Value
$65,250
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 Tiltonsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43963 | $14,352 | $48,770 | $65,250 | $86,135 | $104,261 |
Source: Ownwell
Property Tax Bills Across Tiltonsville, Ohio
In Tiltonsville, Jefferson County, OH, property tax bills are calculated based on the assessed value of your home. The local government determines this value, which is then multiplied by the property tax rate to calculate your annual tax bill. The median home price in Tiltonsville is $65,250, and the property tax rate in this area is reflective of the broader state averages. Factors such as property type, location, and any applicable exemptions or deductions can influence the assessed value. For instance, the 25th percentile of tax bills is $1,146, while the 75th percentile reaches $2,025, and the 90th percentile goes up to $2,468. These variations highlight how different property characteristics and exemptions can affect your tax obligations. Homeowners in Tiltonsville may find their property tax bills to be a significant expense, yet they remain competitive compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate and manage their annual property tax responsibilities.
Average Tiltonsville Tax Bill
$1,534
Average Jefferson County Tax Bill
$1,517
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Tiltonsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43963 | $334 | $1,146 | $1,534 | $2,025 | $2,468 |
Source: Ownwell