Alexandria, Ohio Property Taxes
The median property tax rate in Alexandria, OH is 2.37%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With a median home value of $228,200 in Alexandria, the typical annual property tax bill reaches $5,059, far exceeding the national median of $2,690. Property taxes in Alexandria are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Alexandria'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 Alexandria 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
Alexandria, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.37%
Estimate Property Tax Bill
$5,408
Ownwell’s Alexandria Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Alexandria. With just two data points, you can quickly determine your property tax bill by entering the estimated assessed value of your property. The calculator then applies the median tax rate for Alexandria to provide an accurate estimate of your tax liability. This tool is designed to help you understand your financial obligations better. For those interested in more detailed information, including neighborhood-level trends, further insights are available below. Your property’s assessed value, assigned by Licking County, is crucial for these calculations and includes any applicable exemptions.
Property Tax Rates Across Alexandria, Ohio
Property taxes in Alexandria, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alexandria is 2.37%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Alexandria set these rates annually, and they can vary across different neighborhoods. Each year, Alexandria 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 Alexandria's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 43001 has the highest median property tax rate of 2.37%, while the same zip code also has the lowest median tax rate of 2.37%. Understanding how these areas compare with Alexandria provides valuable insights into the varying tax landscape across Licking County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alexandria Tax Rate
2.37%
Average Licking County Tax Rate
2.22%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alexandria, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43001 | 1.79% | 2.30% | 2.37% | 2.37% | 2.43% |
Source: Ownwell
Property Tax Assessment Values Across Alexandria, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Alexandria, 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 Licking 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 Alexandria, 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 Alexandria helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 43001, with a tax bill of $5059, which is significantly higher than the national median property tax rate of 0.99%.
Average Alexandria Assessed Value
$228,200
Average Licking County Assessed Value
$163,800
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alexandria, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43001 | $63,440 | $139,800 | $228,200 | $352,500 | $503,440 |
Source: Ownwell
Property Tax Bills Across Alexandria, Ohio
In Alexandria, located in Licking County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. Homeowners in Alexandria experience varying tax bills, with the 25th percentile paying around $3,257, while those in the 75th percentile pay up to $7,770. At the 90th percentile, tax bills can reach approximately $10,516. These figures are notably higher than the national median property tax rate of 0.99%. The highest median tax bill in the area is $5,059, found in the zip code 43001. This variation in tax bills can significantly impact homeowners, influencing their overall cost of living and potentially affecting decisions related to buying or selling property. Understanding these factors is crucial for homeowners aiming to manage their expenses effectively.
Average Alexandria Tax Bill
$5,059
Average Licking County Tax Bill
$3,689
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Alexandria, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43001 | $1,254 | $3,257 | $5,059 | $7,770 | $10,516 |
Source: Ownwell