Danville, Ohio Property Taxes
The median property tax rate in Danville, OH is 1.59%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $113,310 in Danville, the typical annual property tax bill amounts to $1,748, which is below the national median of $2,690. Property taxes in Danville are determined based on the tax assessed value, often less than the market value due to exemptions like those for primary residences and agricultural properties. By understanding Danville's property tax system, exploring available exemptions, and finding opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're residing in Danville or investing in its real estate, a thorough understanding of the local property tax landscape is essential for maximizing financial benefits.
Last Updated June 14, 2024
Danville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$1,802
$1,672
Ownwell’s Danville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Danville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Danville 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 Danville, Ohio
Property taxes in Danville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Danville is 1.59%, significantly higher than the Ohio state median and the U.S. national median of 0.99%. Local government entities within Danville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Danville 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 Danville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43014 zip code has the highest median property tax rate of 1.59%, while the same zip code also has the lowest median tax rate of 1.59%. Understanding how these cities compare with Danville 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 Danville Tax Rate
1.59%
Average Knox County Tax Rate
1.84%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Danville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43014 | 1.02% | 1.37% | 1.59% | 1.63% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Danville, Ohio
In Danville, 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 Danville, 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 median home price in Danville is $113,310, with tax bills ranging from $950 at the 25th percentile to $4,221 at the 90th percentile. Being aware of these valuation processes in Danville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Danville Assessed Value
$113,310
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 Danville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43014 | $15,470 | $62,745 | $113,310 | $214,565 | $332,040 |
Source: Ownwell
Property Tax Bills Across Danville, Ohio
In Danville, property tax bills are calculated based on the assessed value of your home, which is determined by the Knox County tax assessor. The assessed value is a percentage of the market value of your property. Homeowners in Danville can expect property tax bills to vary significantly, with the 25th percentile tax bill being around $950 and the 75th percentile reaching up to $2,967. For those in the 90th percentile, tax bills can soar to $4,221. The median home price in Danville is approximately $113,310, which influences the assessed value and, consequently, the tax bill. Compared to the national median property tax rate of 0.99%, Danville's tax rates can be quite variable. The highest and lowest median tax bills in the region are both $1,748, located in the 43014 zip code. These variations in tax bills can impact homeowners' financial planning and overall affordability of living in this area.
Average Danville Tax Bill
$1,748
Average Knox County Tax Bill
$2,431
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Danville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43014 | $300 | $950 | $1,748 | $2,967 | $4,221 |
Source: Ownwell