South Charleston, Ohio Property Taxes
The median property tax rate in South Charleston, OH is 1.46%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $201,100 in South Charleston, the typical annual property tax bill reaches $2,945, surpassing the national median of $2,690. Property taxes in South Charleston are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding South Charleston'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 Charleston 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
South Charleston, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$2,936
$2,725
Ownwell’s South Charleston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Charleston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Charleston 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 South Charleston, Ohio
Property taxes in South Charleston, Ohio, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in South Charleston is 1.46%, significantly higher than the U.S. national median of 0.99%. Local government entities within South Charleston set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Charleston 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 Charleston's effective property tax rate to other areas in Ohio and the national median. For comparison, the 45368 zip code has the highest median property tax rate of 1.46%, while the same 45368 zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with South Charleston provides valuable insights into the varying tax landscape across Madison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average South Charleston Tax Rate
1.46%
Average Madison County Tax Rate
1.59%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Charleston, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45368 | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across South Charleston, Ohio
In South Charleston, 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 Madison 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 Charleston, 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 Charleston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,945, found in the 45368 zip code.
Average South Charleston Assessed Value
$201,100
Average Madison County Assessed Value
$142,200
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across South Charleston, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45368 | $201,100 | $201,100 | $201,100 | $201,100 | $201,100 |
Source: Ownwell
Property Tax Bills Across South Charleston, Ohio
In South Charleston, OH, property tax bills are calculated based on the assessed value of your home. The assessed value is determined by the county assessor and is a percentage of the market value of the property. For instance, if your home's market value is $201,100, the assessed value would be a fraction of this amount, depending on local assessment rates. The property tax rate in South Charleston is then applied to the assessed value to determine your annual tax bill. In Madison County, where South Charleston is located, the median property tax bill is $2,945. This figure is notably higher than the national median property tax rate of 0.99%, reflecting the local tax rates and property values. For homeowners, this means that property taxes can represent a significant portion of annual expenses, impacting overall affordability and financial planning. The uniformity of the tax bill, as seen in the 25th, 75th, and 90th percentiles all being $2,945, indicates a consistent tax rate across different property values in the area.
Average South Charleston Tax Bill
$2,945
Average Madison County Tax Bill
$2,428
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across South Charleston, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45368 | $2,945 | $2,945 | $2,945 | $2,945 | $2,945 |
Source: Ownwell