Zanesfield, Ohio Property Taxes
The median property tax rate in Zanesfield, OH is 1.62%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $156,850 in Zanesfield, the typical annual property tax bill amounts to $2,486, which is below the national median of $2,690. Property taxes in Zanesfield are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Zanesfield'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 Zanesfield or another part of Logan County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Zanesfield, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.62%
Estimate Property Tax Bill
$2,541
$2,358
Ownwell’s Zanesfield Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Zanesfield with just two key data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Zanesfield to project your property tax bill. This valuable tool offers insights into potential tax liabilities, allowing you to plan and budget more effectively. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value is determined by Logan County for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Zanesfield, Ohio
Property taxes in Zanesfield, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Zanesfield is 1.62%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Zanesfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Zanesfield 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 Zanesfield's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43360 zip code has both the highest and lowest median property tax rate of 1.62%. Understanding how these cities compare with Zanesfield 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 Zanesfield Tax Rate
1.62%
Average Logan County Tax Rate
1.65%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Zanesfield, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43360 | 1.24% | 1.53% | 1.62% | 1.70% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Zanesfield, Ohio
In Zanesfield, 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. In Zanesfield, 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 Zanesfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $2486 in the 43360 zip code, whereas the lowest median tax bill is also $2486 in the same zip code.
Average Zanesfield Assessed Value
$156,850
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 Zanesfield, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43360 | $6,340 | $80,325 | $156,850 | $239,990 | $329,850 |
Source: Ownwell
Property Tax Bills Across Zanesfield, Ohio
In Zanesfield, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate set by Logan County to determine the annual tax bill. Factors influencing the tax bill include the home's assessed value, local tax rates, and any applicable exemptions. The median home price in Zanesfield is $156,850, with property tax bills ranging from $1,381 at the 25th percentile to $4,576 at the 90th percentile. Compared to the national median property tax rate of 0.99%, homeowners in Zanesfield may experience varying tax burdens depending on their specific circumstances. For example, a homeowner with a property at the 75th percentile could expect a tax bill of around $3,639. These tax obligations can significantly impact homeowners' financial planning, influencing decisions on homeownership and investment in the local real estate market.
Average Zanesfield Tax Bill
$2,486
Average Logan County Tax Bill
$1,716
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Zanesfield, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43360 | $110 | $1,381 | $2,486 | $3,639 | $4,576 |
Source: Ownwell