Rinard Mills, Ohio Property Taxes
The median property tax rate in Rinard Mills, OH is 1.03%, slightly higher than the national median of 0.99% but significantly lower than Ohio's state median of 1.80%. With a median home value of $15,570 in Rinard Mills, the typical annual property tax bill amounts to $186, which is well below the national median of $2,690. Property taxes in Rinard Mills are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Navigating Rinard Mills' property tax system, exploring the available exemptions, and identifying opportunities for reductions can lead to notable annual savings. Whether you reside in the heart of Rinard Mills or another part of Monroe County, understanding the local property tax system is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Rinard Mills, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.03%
Estimate Property Tax Bill
$160
$149
Ownwell’s Rinard Mills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rinard Mills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rinard Mills 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 Rinard Mills, Ohio
Property taxes in Rinard Mills, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rinard Mills is 1.03%, which is higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Rinard Mills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rinard Mills 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 Rinard Mills's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45745 zip code has the highest median property tax rate of 1.03%, while the 43793 zip code has the lowest median tax rate of 1.03%. Understanding how these cities compare with Rinard Mills provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rinard Mills Tax Rate
1.03%
Average Monroe County Tax Rate
1.01%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rinard Mills, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43793 | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% |
| 45734 | N/A | N/A | N/A | N/A | N/A |
| 45745 | 1.03% | 1.03% | 1.03% | 1.03% | 1.03% |
| 45767 | 0.76% | 1.03% | 1.03% | 1.03% | 1.05% |
Source: Ownwell
Property Tax Assessment Values Across Rinard Mills, Ohio
In Rinard Mills, 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 Monroe 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 Rinard Mills, 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. For example, the highest median tax bill in Monroe County is $394 in the 45767 zip code, while the lowest median tax bill is $181 in the 43793 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 Rinard Mills Assessed Value
$15,570
Average Monroe County Assessed Value
$70,885
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rinard Mills, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43793 | $17,660 | $17,660 | $17,660 | $17,660 | $17,660 |
| 45734 | N/A | N/A | N/A | N/A | N/A |
| 45745 | $1,710 | $1,710 | $1,710 | $1,710 | $1,710 |
| 45767 | $9,730 | $11,880 | $38,370 | $59,500 | $97,374 |
Source: Ownwell
Property Tax Bills Across Rinard Mills, Ohio
In Rinard Mills, Monroe County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The property tax rate in Monroe County is applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the home's location, size, and any applicable exemptions. For example, the median home price in Rinard Mills is $15,570, and tax bills vary significantly across the area. Homeowners in the 25th percentile can expect to pay around $74 annually, while those in the 75th percentile may pay up to $580. The highest median tax bill in the region is $394 in the 45767 zip code, while the lowest is $181 in the 43793 zip code. These property tax bills impact homeowners by affecting their annual expenses, potentially influencing decisions about homeownership and property investments. Compared to the national median property tax rate of 0.99%, Monroe County's rates can offer significant savings to homeowners.
Average Rinard Mills Tax Bill
$186
Average Monroe County Tax Bill
$677
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Rinard Mills, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43793 | $181 | $181 | $181 | $181 | $181 |
| 45734 | N/A | N/A | N/A | N/A | N/A |
| 45745 | $18 | $18 | $18 | $18 | $18 |
| 45767 | $100 | $122 | $394 | $543 | $615 |
Source: Ownwell