Langsville, Ohio Property Taxes
The median property tax rate in Langsville, OH is 1.18%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $35,235 in Langsville, the typical annual property tax bill amounts to $405, falling well below the national median of $2,690. Property taxes in Langsville are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Gaining a thorough understanding of Langsville's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the center of Langsville or another part of the city, a solid grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Langsville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$416
$386
Ownwell’s Langsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Langsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Langsville 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 Langsville, Ohio
Property taxes in Langsville, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Langsville is 1.18%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Langsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Langsville 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 Langsville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45741 zip code has the highest median property tax rate of 1.18%, while the same zip code also has the lowest median tax rate of 1.18%. Understanding how these cities compare with Langsville provides valuable insights into the varying tax landscape across Meigs County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Langsville Tax Rate
1.18%
Average Meigs County Tax Rate
1.16%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Langsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45741 | 0.82% | 1.15% | 1.18% | 1.21% | 1.25% |
Source: Ownwell
Property Tax Assessment Values Across Langsville, Ohio
In Langsville, 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 Meigs 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 Langsville, 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 Langsville 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 45741, with a tax bill of $405.00, while the same zip code has the lowest median tax bill of $405.00.
Average Langsville Assessed Value
$35,235
Average Meigs County Assessed Value
$39,810
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Langsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45741 | $2,765 | $9,352 | $35,235 | $96,742 | $145,860 |
Source: Ownwell
Property Tax Bills Across Langsville, Ohio
In Langsville, Meigs County, OH, property tax bills are calculated based on the assessed value of a property. The local government determines this value, which is then multiplied by the local tax rate to compute the tax bill. Factors such as property size, location, and market conditions play a significant role in the assessed value. For homeowners, this means that even slight changes in property assessments or tax rates can significantly impact their annual tax bills. For instance, the median home price in Langsville is $35,235, and property tax bills range widely. At the 25th percentile, homeowners might pay around $102, whereas at the 75th percentile, the tax bill can rise to $1,030. The 90th percentile sees even higher bills, reaching up to $1,672. Compared to the national median property tax rate of 0.99%, Langsville's property tax bills reflect the unique economic conditions and property values of the area. Homeowners must stay informed about these factors to manage their property tax obligations effectively.
Average Langsville Tax Bill
$405
Average Meigs County Tax Bill
$451
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Langsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45741 | $36 | $102 | $405 | $1,030 | $1,672 |
Source: Ownwell