Sarahsville, Ohio Property Taxes
The median property tax rate in Sarahsville, OH is 1.63%, considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Sarahsville at $68,090, the typical annual property tax bill reaches $1,110, which is below the national median of $2,690. Property taxes in Sarahsville 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 Sarahsville'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 Sarahsville or another part of Noble County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sarahsville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$1,110
Ownwell’s Sarahsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sarahsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sarahsville 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 Sarahsville, Ohio
Property taxes in Sarahsville, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sarahsville is 1.63%, significantly higher than the U.S. national median of 0.99%. Local government entities within Sarahsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sarahsville 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 Sarahsville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43779 zip code has the highest median property tax rate of 1.63%, while the same zip code also has the lowest median tax rate of 1.63%. Understanding how these areas compare with Sarahsville 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 Sarahsville Tax Rate
1.63%
Average Noble County Tax Rate
1.86%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sarahsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43779 | 1.63% | 1.63% | 1.63% | 1.63% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Sarahsville, Ohio
In Sarahsville, 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 Sarahsville, 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 zip code with the highest median tax bill in Sarahsville is 43779, with a median tax bill of $1,110. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sarahsville Assessed Value
$68,090
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 Sarahsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43779 | $14,924 | $29,355 | $68,090 | $111,045 | $152,956 |
Source: Ownwell
Property Tax Bills Across Sarahsville, Ohio
In Sarahsville, located in Noble County, 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 market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For a median home price of $68,090, homeowners in Sarahsville can expect varying tax bills. The 25th percentile tax bill is around $479, while the 75th percentile tax bill reaches up to $1,811. At the higher end, the 90th percentile tax bill can be as much as $2,507. These figures indicate that property taxes in Sarahsville can significantly impact household budgets, especially when compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners better anticipate their annual expenses and plan accordingly.
Average Sarahsville Tax Bill
$1,110
Average Noble County Tax Bill
$1,279
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Sarahsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43779 | $242 | $479 | $1,110 | $1,811 | $2,507 |
Source: Ownwell