Belle Valley, Ohio Property Taxes
The median property tax rate in Belle Valley, OH is 1.86%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Belle Valley, the typical annual property tax bill reaches $731, which is significantly lower than the national median of $2,690. Property taxes in Belle Valley are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Belle Valley's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Belle Valley or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belle Valley, 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 BELLE VALLEY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in BELLE VALLEY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in BELLE VALLEY 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 Belle Valley, Ohio
Property taxes in Belle Valley, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belle Valley is 1.86%, significantly higher than the U.S. national median of 0.99%. Local government entities within Belle Valley set these rates annually, and they can vary across different neighborhoods. Each year, Belle Valley 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 Belle Valley's effective property tax rate to other areas in Noble County and the national median. For comparison, the zip code 43717 in Belle Valley has both the highest and lowest median property tax rate of 1.86%. Understanding how these areas compare with Belle Valley provides valuable insights into the varying tax landscape across Noble County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belle Valley Tax Rate
1.86%
Average Noble County Tax Rate
1.86%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belle Valley, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43717 | 1.86% | 1.86% | 1.86% | 1.86% | 1.86% |
Source: Ownwell
Property Tax Assessment Values Across Belle Valley, Ohio
In Belle Valley, 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 Noble 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 Belle Valley, 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. The median home price in Belle Valley stands at $39,340, with tax bills ranging from the 25th percentile at $571 to the 90th percentile at $1,327. The zip code with both the highest and lowest median tax bill is 43717, with a value of $731. 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 Belle Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Belle Valley Assessed Value
$39,340
Average Noble County Assessed Value
$69,955
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belle Valley, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43717 | $19,588 | $30,740 | $39,340 | $54,600 | $71,382 |
Source: Ownwell
Property Tax Bills Across Belle Valley, Ohio
In Belle Valley, OH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. For instance, with a median home price of $39,340, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $571, while those in the 75th percentile pay approximately $1,015. The tax bill for homes in the 90th percentile can reach up to $1,327. Several factors influence the tax bill, including property location, home size, and any applicable exemptions. The local tax rate in Noble County plays a crucial role in the final amount. Comparing this to the national median property tax rate of 0.99%, Belle Valley's property taxes can be seen as relatively manageable, but they can still impact homeowners' finances significantly. Understanding these factors can help homeowners anticipate their annual tax obligations and plan accordingly.
Average Belle Valley Tax Bill
$731
Average Noble County Tax Bill
$1,279
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Belle Valley, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43717 | $364 | $571 | $731 | $1,015 | $1,327 |
Source: Ownwell