Ashville, Ohio Property Taxes
The median property tax rate in Ashville, OH is 1.40%, higher than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value of $197,975 in Ashville, the typical annual property tax bill amounts to $2,587, which is below the national median of $2,690. Property taxes in Ashville are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Ashville'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 Ashville 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
Ashville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$2,772
Ownwell’s Ashville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ashville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ashville 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 Ashville, Ohio
Property taxes in Ashville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashville is 1.40%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Ashville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ashville 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 Ashville's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 43103 has the highest median property tax rate of 1.40%, while the lowest median tax rate in the same zip code is also 1.40%. Understanding how these areas compare with Ashville 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 Ashville Tax Rate
1.40%
Average Pickaway County Tax Rate
1.37%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43103 | 0.55% | 1.23% | 1.40% | 1.46% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Ashville, Ohio
In Ashville, 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 Ashville, 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 Ashville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 43103, with a median tax bill of $2,587.
Average Ashville Assessed Value
$197,975
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 Ashville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43103 | $107,395 | $148,685 | $197,975 | $273,132 | $381,455 |
Source: Ownwell
Property Tax Bills Across Ashville, Ohio
In Ashville, located in Pickaway County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $197,975, homeowners can expect varying tax bills depending on their property's assessed value. The 25th percentile tax bill is around $1,782, while the 75th percentile reaches up to $3,510, and the 90th percentile can be as high as $4,477. The highest median tax bill in the area is $2,587, found in the 43103 zip code. These property taxes fund essential local services such as public schools, infrastructure, and emergency services, directly impacting homeowners by contributing to the community's overall quality of life. Compared to the national median property tax rate of 0.99%, Ashville's property tax rates reflect the local economic conditions and funding needs.
Average Ashville Tax Bill
$2,587
Average Pickaway County Tax Bill
$2,168
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43103 | $949 | $1,782 | $2,587 | $3,510 | $4,477 |
Source: Ownwell