Chickasaw, Ohio Property Taxes
The median property tax rate in Chickasaw, Ohio is 1.50%, which is significantly higher than the national median of 0.99% but lower than Ohio’s state median of 1.80%. With a median home value of $159,200 in Chickasaw, the typical annual property tax bill amounts to $2,374, which is below the national median of $2,690. Property taxes in Chickasaw are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Chickasaw’s property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Chickasaw or elsewhere in Mercer County, grasping the local property tax nuances will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chickasaw, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Chickasaw Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Chickasaw with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chickasaw to project your property tax bill. This valuable tool provides clarity on potential tax liabilities. For those interested in more detailed insights, including trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, forms the basis for property tax calculations and incorporates any applicable exemptions.
Property Tax Rates Across Chickasaw, Ohio
Property taxes in Chickasaw, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chickasaw is 1.50%, significantly higher than the U.S. national median of 0.99%. Local government entities within Chickasaw set these rates annually, and they can vary across different neighborhoods. Each year, Chickasaw 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 Chickasaw's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 45826 has the highest median property tax rate of 1.50%, while the lowest median tax rate also stands at 1.50%. Understanding how these areas compare with Chickasaw provides valuable insights into the varying tax landscape across Mercer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chickasaw Tax Rate
1.50%
Average Mercer County Tax Rate
1.53%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chickasaw, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45826 | 1.31% | 1.50% | 1.50% | 1.54% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Chickasaw, Ohio
In Chickasaw, 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 Mercer 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 Chickasaw, 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. For instance, the median home price in Chickasaw is $159,200, and the median tax bill ranges from $1,680 at the 25th percentile to $3,785 at the 90th percentile. Notably, the zip code 45826 has the highest and lowest median tax bill at $2,357. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Chickasaw Assessed Value
$159,200
Average Mercer County Assessed Value
$129,600
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chickasaw, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45826 | $13,760 | $108,925 | $156,300 | $214,400 | $257,660 |
Source: Ownwell
Property Tax Bills Across Chickasaw, Ohio
In Chickasaw, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, the median home price in Chickasaw is $159,200. The local tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Homeowners in Chickasaw can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $1,680, while the 75th percentile tax bill is approximately $3,256. At the higher end, the 90th percentile tax bill reaches up to $3,785. Compared to the national median property tax rate of 0.99%, these figures provide a clear picture of how property taxes in Chickasaw impact homeowners. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Chickasaw Tax Bill
$2,374
Average Mercer County Tax Bill
$1,932
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Chickasaw, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45826 | $367 | $1,635 | $2,357 | $3,256 | $3,785 |
Source: Ownwell