South Webster, Ohio Property Taxes
The median property tax rate in South Webster, OH is 1.03%, slightly higher than the national median of 0.99% but significantly lower than the Ohio state median of 1.80%. With the median home value in South Webster at $28,380, the typical annual property tax bill amounts to $254, which is well below the national median of $2,690. Property taxes in South Webster 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 South Webster'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 South Webster or another part of Lawrence County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
South Webster, 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 South Webster Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in South Webster. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in South Webster to provide an estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, making financial planning easier. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by the county for tax purposes and includes any applicable exemptions.
Property Tax Rates Across South Webster, Ohio
Property taxes in South Webster, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Webster is 1.03%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within South Webster set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Webster 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 South Webster's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45682 zip code has both the highest and lowest median property tax rate of 1.03%. Understanding how these cities compare with South Webster 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 South Webster Tax Rate
1.03%
Average Lawrence County Tax Rate
1.02%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Webster, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45682 | 0.86% | 1.01% | 1.03% | 1.06% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across South Webster, Ohio
In South Webster, 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 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 South Webster, 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 South Webster helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in South Webster both stand at $254 in the 45682 zip code.
Average South Webster Assessed Value
$28,380
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 South Webster, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45682 | $10,268 | $16,240 | $28,380 | $71,895 | $109,850 |
Source: Ownwell
Property Tax Bills Across South Webster, Ohio
In South Webster, Lawrence County, OH, property tax bills are determined by assessing the market value of a home and applying the local tax rate to this value. Homeowners in South Webster experience a property tax rate that is influenced by the median home price of $28,380. The tax bills can vary significantly, with the 25th percentile tax bill at $171 and the 75th percentile reaching $697. The highest median tax bill recorded in the area is $254, which is notably lower than the national median property tax rate of 0.99%. Several factors contribute to the final property tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. These taxes fund essential community services such as schools, public safety, and infrastructure. For homeowners, this means that while property taxes are relatively low compared to national rates, they still play a crucial role in maintaining the quality of life and services in South Webster.
Average South Webster Tax Bill
$254
Average Lawrence County Tax Bill
$879
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across South Webster, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45682 | $98 | $171 | $254 | $697 | $1,086 |
Source: Ownwell