Middleport, Meigs County, Ohio Property Taxes
The median property tax rate in Middleport, Ohio is 1.34%, which is higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $36,490 in Middleport, the typical annual property tax bill is $437, significantly below the national median of $2,690. Property taxes in Middleport are calculated based on the tax assessed value, often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Middleport's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Middleport or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Middleport, Meigs County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$489
$454
Ownwell’s MIDDLEPORT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MIDDLEPORT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MIDDLEPORT 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 Middleport, Meigs County, Ohio
Property taxes in Middleport, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Middleport is 1.34%, considerably higher than the U.S. national median of 0.99%. Local government entities within Middleport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Middleport 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 Middleport's effective property tax rate to other areas in Meigs County and the national median. For comparison, the 45760 zip code has the highest median property tax rate of 1.34%, while the same zip code also has the lowest median tax rate of 1.34%. Understanding how these areas compare with Middleport 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 Middleport Tax Rate
1.34%
Average Meigs County Tax Rate
1.16%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Middleport, Meigs County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45760 | 0.81% | 1.12% | 1.34% | 1.38% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Middleport, Meigs County, Ohio
In Middleport, 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. 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 Middleport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Middleport is $36,490, with tax bills ranging from $168 at the 25th percentile to $1,098 at the 90th percentile. The zip code 45760 has both the highest and lowest median tax bill of $437.
Property Tax Assessment Values Across Middleport, Meigs County, Ohio
Source: Ownwell
$25,980
$56,735
$87,490
Average Middleport Assessed Value
$36,490
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 Middleport, Meigs County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45760 | $4,743 | $14,545 | $36,490 | $63,522 | $95,891 |
Source: Ownwell
Property Tax Bills Across Middleport, Meigs County, Ohio
In Middleport, located in Meigs County, OH, property tax bills are calculated based on the assessed value of a property, which is then multiplied by the local tax rate. The assessed value is a percentage of the property's market value, determined by the county assessor. For instance, if a home in Middleport has a median home price of $36,490, the assessed value would be a fraction of that amount. Various factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Middleport can expect their tax bills to vary significantly, with the 25th percentile paying around $168 and the 90th percentile seeing bills as high as $1,098. The median tax bill sits at $437, reflecting the typical homeowner's expense in the area. Compared to the national median property tax rate of 0.99%, Middleport’s rates can be seen as relatively moderate, making it an appealing location for homeowners looking to manage their tax liabilities effectively.
Average Middleport Tax Bill
$437
Average Meigs County Tax Bill
$451
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Middleport, Meigs County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45760 | $56 | $168 | $437 | $762 | $1,098 |
Source: Ownwell