Bellville, Ohio Property Taxes
The median property tax rate in Bellville, OH is 1.94%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Bellville at $168,820, the typical annual property tax bill reaches $3,196, surpassing the national median of $2,690. Property taxes in Bellville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bellville'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 Bellville 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
Bellville, 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 Bellville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bellville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bellville 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 Bellville, Ohio
Property taxes in Bellville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bellville is 1.94%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bellville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bellville 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 Bellville's effective property tax rate to other areas in Ohio and the national median. For comparison, the highest median property tax rate in the region is also 1.94%, while the lowest median tax rate is 1.94%, both within the same zip code of 44813. Understanding how these rates compare with Bellville provides valuable insights into the varying tax landscape across Knox County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bellville Tax Rate
1.94%
Average Knox County Tax Rate
1.84%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bellville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44813 | 1.56% | 1.74% | 1.94% | 1.96% | 1.98% |
Source: Ownwell
Property Tax Assessment Values Across Bellville, Ohio
In Bellville, 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 Knox 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 Bellville, 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 Bellville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Bellville is $3,196 in the 44813 zip code, while the lowest is also $3,196 in the same zip code.
Average Bellville Assessed Value
$168,820
Average Knox County Assessed Value
$133,520
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bellville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44813 | $88,284 | $121,130 | $168,820 | $218,430 | $306,794 |
Source: Ownwell
Property Tax Bills Across Bellville, Ohio
Property tax bills in Bellville, located in Knox County, OH, are calculated based on the assessed value of a property, which is determined by local assessors. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Bellville, the median home price is $168,820. Tax bills can vary significantly; the 25th percentile sees bills around $2,187, while the 75th percentile experiences bills up to $3,969. The top 10% of property tax bills can reach as high as $5,001. Several factors influence the final tax bill, including the property's location, its assessed value, and any applicable exemptions or deductions. These property taxes fund essential public services such as schools, infrastructure, and emergency services. With Bellville's median property tax rate being significantly higher than the national median of 0.99%, homeowners in this area may find property taxes to be a notable part of their annual expenses.
Average Bellville Tax Bill
$3,196
Average Knox County Tax Bill
$2,431
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bellville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44813 | $1,574 | $2,187 | $3,196 | $3,969 | $5,001 |
Source: Ownwell