Amanda, Ohio Property Taxes
The median property tax rate in Amanda, OH, is 1.32%, which is higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Amanda at $154,650, the typical annual property tax bill reaches $2,005, exceeding the national median of $2,690. Property taxes in Amanda 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 Amanda'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 Amanda 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
Amanda, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$2,041
Ownwell’s AMANDA Property Tax Bill Calculator is an invaluable tool for homeowners, real estate investors, or potential buyers looking to estimate their annual property taxes in AMANDA. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in AMANDA to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more granular data, our trends page offers detailed information at the neighborhood level. Your property’s assessed value, determined by the county, is crucial for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Amanda, Ohio
Property taxes in Amanda, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Amanda is 1.32%, significantly higher than the U.S. national median of 0.99%. Local government entities within Amanda set these rates annually, and they can vary across different neighborhoods. Each year, Amanda 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 Amanda's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43102 has the highest median property tax rate of 1.32%, while also having the lowest median tax rate of 1.32%. Understanding how these cities compare with Amanda provides valuable insights into the varying tax landscape across Pickaway County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Amanda Tax Rate
1.32%
Average Pickaway County Tax Rate
1.37%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Amanda, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43102 | 0.98% | 1.15% | 1.32% | 1.34% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Amanda, Ohio
In Amanda, 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 Pickaway 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 Amanda, 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 Amanda helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 43102 has both the highest and lowest median tax bill at $2005, highlighting the uniformity in tax assessments within the area.
Average Amanda Assessed Value
$154,650
Average Pickaway County Assessed Value
$169,880
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Amanda, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43102 | $97,320 | $116,158 | $154,650 | $226,118 | $306,920 |
Source: Ownwell
Property Tax Bills Across Amanda, Ohio
Property tax bills in Amanda, located in Pickaway County, Ohio, are determined by a combination of the assessed value of the property and the local tax rate. The assessed value is a percentage of the property's market value, which is periodically evaluated by the county assessor. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Amanda, the median home price is $154,650. Property tax bills can vary significantly, with the 25th percentile at $1,466 and the 75th percentile reaching $2,981. The 90th percentile tax bill can go up to $4,115. These figures suggest a range of tax burdens depending on property values and specific local tax rates. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax obligations. Homeowners in Amanda need to be aware of these factors as they directly impact their annual expenses, potentially influencing decisions related to buying or selling property in the area.
Average Amanda Tax Bill
$2,005
Average Pickaway County Tax Bill
$2,168
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Amanda, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43102 | $858 | $1,466 | $2,005 | $2,981 | $4,115 |
Source: Ownwell