Mount Perry, Ohio Property Taxes
The median property tax rate in Mount Perry, 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 Mount Perry at $64,575, the typical annual property tax bill reaches $1,013, which is below the national median of $2,690. Property taxes in Mount Perry are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Mount Perry'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 Mount Perry 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
Mount Perry, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$1,053
$977
Ownwell’s Mount Perry Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Mount Perry using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Perry to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available further down the page. Your property’s assessed value is determined by Perry County for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Mount Perry, Ohio
Property taxes in Mount Perry, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Perry is 1.63%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Mount Perry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Perry 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 Mount Perry's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43760 zip code has the highest median property tax rate of 1.63%, while the lowest median tax rate is also 1.63%. Understanding how these cities compare with Mount Perry provides valuable insights into the varying tax landscape across Perry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mount Perry Tax Rate
1.63%
Average Perry County Tax Rate
1.48%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Perry, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43760 | 1.25% | 1.62% | 1.63% | 1.70% | 1.74% |
Source: Ownwell
Property Tax Assessment Values Across Mount Perry, Ohio
In Mount Perry, 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 Perry 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 Mount Perry, 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 median home price in Mount Perry is $64,575, with tax bills ranging from $267 at the 25th percentile to $3,016 at the 90th percentile. Being aware of these valuation processes in Mount Perry helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mount Perry Assessed Value
$64,575
Average Perry County Assessed Value
$71,105
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mount Perry, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43760 | $3,000 | $19,402 | $64,575 | $124,738 | $183,412 |
Source: Ownwell
Property Tax Bills Across Mount Perry, Ohio
In Mount Perry, Perry County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the home's location within Perry County and its market value. For example, in Mount Perry, the median home price is $64,575, and tax bills can vary significantly. At the 25th percentile, homeowners might pay around $267 annually, while those at the 75th percentile could see bills as high as $2,007. The highest tax bills, at the 90th percentile, reach up to $3,016. Compared to the national median property tax rate of 0.99%, Mount Perry's tax rates show a wide range, reflecting differences in property values and local tax policies. These variations can significantly impact homeowners, influencing their overall cost of living and the affordability of owning property in the area.
Average Mount Perry Tax Bill
$1,013
Average Perry County Tax Bill
$1,003
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Perry, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43760 | $48 | $267 | $1,013 | $2,007 | $3,016 |
Source: Ownwell