Pomeroy, Ohio Property Taxes
The median property tax rate in Pomeroy, OH is 1.13%, 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 $34,040, the typical annual property tax bill in Pomeroy amounts to $408, significantly below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Gaining a thorough understanding of Pomeroy's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're situated in the heart of Pomeroy or another part of Meigs County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pomeroy, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.13%
Estimate Property Tax Bill
$385
$357
Ownwell’s Pomeroy Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pomeroy with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pomeroy 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 Pomeroy, Ohio
Property taxes in Pomeroy, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pomeroy is 1.13%, higher than the U.S. national median of 0.99%. Local government entities within Pomeroy set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pomeroy 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 Pomeroy's effective property tax rate to other areas in Ohio and the national median. For comparison, the 45769 zip code has the highest median property tax rate of 1.13%, while the 45769 zip code also has the lowest median tax rate of 1.13%. Understanding how these areas compare with Pomeroy 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 Pomeroy Tax Rate
1.13%
Average Meigs County Tax Rate
1.16%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pomeroy, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45769 | 0.79% | 1.05% | 1.13% | 1.42% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Pomeroy, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pomeroy, Ohio. 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 Pomeroy, 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. The highest median tax bill in Meigs County is $408 in the 45769 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pomeroy Assessed Value
$34,040
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 Pomeroy, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45769 | $4,656 | $14,285 | $34,040 | $82,550 | $134,370 |
Source: Ownwell
Property Tax Bills Across Pomeroy, Ohio
In Pomeroy, Meigs County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in this area is $34,040. Local tax rates are applied to the assessed value to determine the annual tax bill. For homeowners in Pomeroy, the median property tax bill is $408, which aligns with the national median property tax rate of 0.99%. Several factors influence the tax bill, including property location, home value, and any applicable exemptions. For instance, tax bills can vary significantly, with the 25th percentile seeing bills around $156, while the 75th percentile can reach up to $863. The top 10% of tax bills soar to about $1,447. These variations impact homeowners differently, with higher-valued properties generally facing steeper tax bills. Understanding these factors can help homeowners anticipate their annual property tax expenses and plan accordingly.
Average Pomeroy Tax Bill
$408
Average Meigs County Tax Bill
$451
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Pomeroy, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45769 | $51 | $156 | $408 | $863 | $1,447 |
Source: Ownwell