Scottown, Lawrence County, Ohio Property Taxes
The median property tax rate in Scottown, OH is 1.01%, slightly higher than the national median of 0.99%, but considerably lower than the Ohio state median of 1.80%. With the median home value in Scottown at $52,830, the typical annual property tax bill is $512, which is well below the national median of $2,690. Property taxes in Scottown are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Scottown'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 Scottown 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
Scottown, Lawrence County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.01%
Estimate Property Tax Bill
$534
$495
Ownwell’s Scottown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Scottown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scottown 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 Scottown, Lawrence County, Ohio
Property taxes in Scottown, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Scottown is 1.01%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Scottown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scottown 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 Scottown's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45678 zip code has the highest median property tax rate of 1.01%, while the same zip code also has the lowest median tax rate of 1.01%. Understanding how these cities compare with Scottown provides valuable insights into the varying tax landscape across Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Scottown Tax Rate
1.01%
Average Lawrence County Tax Rate
1.02%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Scottown, Lawrence County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45678 | 0.75% | 0.98% | 1.01% | 1.06% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Scottown, Lawrence County, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Scottown, Ohio. 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 Lawrence 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 Scottown, 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. The median home price in Scottown is $52,830, with tax bills ranging from $183 at the 25th percentile to $1,698 at the 90th percentile. The highest and lowest median tax bill both stand at $512 in the 45678 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Scottown, Lawrence County, Ohio
Source: Ownwell
$28,380
$71,610
$114,840
Average Scottown Assessed Value
$52,830
Average Lawrence County Assessed Value
$85,530
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Scottown, Lawrence County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45678 | $7,480 | $18,398 | $52,830 | $106,770 | $174,910 |
Source: Ownwell
Property Tax Bills Across Scottown, Lawrence County, Ohio
In Scottown, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Scottown, Lawrence County, typically see their property tax bills fall between $183 at the 25th percentile and $971 at the 75th percentile, with the 90th percentile reaching up to $1698. This range reflects the varying property values within the area. The median home price in Scottown is $52,830, and the property tax rate in the region is compared to the national median property tax rate of 0.99%. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value, thereby affecting the tax bill. Homeowners should be aware that their property taxes contribute to local services such as schools, infrastructure, and emergency services, directly impacting the quality of life in their community.
Average Scottown Tax Bill
$512
Average Lawrence County Tax Bill
$879
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Scottown, Lawrence County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45678 | $63 | $183 | $512 | $971 | $1,698 |
Source: Ownwell