Rushville, Ohio Property Taxes
The median property tax rate in Rushville, OH is 1.59%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Rushville, the typical annual property tax bill reaches $2,029, which is below the national median of $2,690. Property taxes in Rushville 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 Rushville'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 Rushville 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
Rushville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$2,212
$2,052
Ownwell’s Rushville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rushville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rushville 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 Rushville, Ohio
Property taxes in Rushville, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Rushville is 1.59%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Rushville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rushville 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 Rushville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43150 zip code has the highest median property tax rate of 1.59%, while the 43150 zip code also has the lowest median tax rate of 1.59%. Understanding how these cities compare with Rushville 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 Rushville Tax Rate
1.59%
Average Perry County Tax Rate
1.48%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rushville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43150 | 1.21% | 1.38% | 1.59% | 1.60% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Rushville, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rushville, Ohio. 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 county 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 Rushville, 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. Being aware of these valuation processes in Rushville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rushville is $139,095, with the highest median tax bill being $2,029 in zip code 43150.
Average Rushville Assessed Value
$139,095
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 Rushville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43150 | $37,331 | $86,670 | $139,095 | $205,578 | $257,731 |
Source: Ownwell
Property Tax Bills Across Rushville, Ohio
In Rushville, 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. For instance, with a median home price of $139,095, homeowners can expect their tax bills to vary significantly. At the 25th percentile, tax bills are around $1,167, while at the 75th percentile, they can reach $3,168. The 90th percentile sees tax bills as high as $3,905. These tax bills are influenced by several factors, including property improvements, neighborhood developments, and changes in local government budgets. Compared to the national median property tax rate of 0.99%, Rushville's tax bills indicate a diverse range of financial impacts on homeowners. This variability highlights the importance of understanding local property tax assessments and staying informed about potential changes that could affect annual obligations.
Average Rushville Tax Bill
$2,029
Average Perry County Tax Bill
$1,003
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Rushville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43150 | $421 | $1,167 | $2,029 | $3,168 | $3,905 |
Source: Ownwell