Belle Center, Ohio Property Taxes
The median property tax rate in Belle Center, Ohio is 1.60%, notably higher than the national median of 0.99% but slightly below the Ohio state median of 1.80%. With the median home value in Belle Center at $121,705, the typical annual property tax bill amounts to $1,899, which is below the national median of $2,690. Property taxes in Belle Center are calculated based on the tax assessed value, which is generally lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Belle Center'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 Belle Center or another part of Logan County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belle Center, 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 BELLE CENTER Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BELLE CENTER with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BELLE CENTER 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 Belle Center, Ohio
Property taxes in Belle Center, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belle Center is 1.60%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Belle Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belle Center 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 Belle Center's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43310 has the highest median property tax rate of 1.60%, while the same zip code also has the lowest median tax rate of 1.60%. Understanding how these cities compare with Belle Center provides valuable insights into the varying tax landscape across Logan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belle Center Tax Rate
1.60%
Average Logan County Tax Rate
1.65%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belle Center, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43310 | 1.23% | 1.50% | 1.60% | 1.78% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Belle Center, Ohio
In Belle Center, 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 Logan 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. 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. Belle Center's median home price is $121,705. The 25th percentile tax bill stands at $1,160, while the 75th percentile tax bill is $3,614. The highest median tax bill in the area is $1,899, found in the 43310 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.
Average Belle Center Assessed Value
$121,705
Average Logan County Assessed Value
$106,220
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belle Center, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43310 | $24,985 | $74,935 | $121,705 | $226,640 | $372,370 |
Source: Ownwell
Property Tax Bills Across Belle Center, Ohio
In Belle Center, Logan County, OH, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Factors such as home size, location, and improvements can influence the assessed value. For instance, the median home price in Belle Center is $121,705, which helps set a baseline for tax calculations. Homeowners in Belle Center can expect varying tax bills. The 25th percentile tax bill is around $1,160, while the 75th percentile reaches up to $3,614. At the higher end, the 90th percentile tax bill can be as much as $5,877. These figures indicate a range of potential tax burdens, reflecting differences in property values and assessments. Comparatively, the median property tax rate nationally is 0.99%, highlighting how local rates and home values uniquely affect Belle Center residents. Understanding these factors can help homeowners anticipate their annual property tax obligations.
Average Belle Center Tax Bill
$1,899
Average Logan County Tax Bill
$1,716
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Belle Center, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43310 | $451 | $1,160 | $1,899 | $3,614 | $5,877 |
Source: Ownwell