Circleville, Ohio Property Taxes
The median property tax rate in Circleville, OH is 1.31%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $152,795 in Circleville, the typical annual property tax bill amounts to $1,941, falling below the national median of $2,690. Property taxes in Circleville are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Circleville's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Circleville 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
Circleville, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Circleville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Circleville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Circleville 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 Circleville, Ohio
Property taxes in Circleville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Circleville is 1.31%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Circleville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Circleville 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 Circleville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43113 zip code has the highest median property tax rate of 1.31%, while the same zip code also has the lowest median tax rate of 1.31%. Understanding how these cities compare with Circleville 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 Circleville Tax Rate
1.31%
Average Pickaway County Tax Rate
1.37%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Circleville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43113 | 0.59% | 1.16% | 1.31% | 1.54% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Circleville, Ohio
In Circleville, 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 Circleville, 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. For example, the highest median tax bill in the 43113 zip code is $1941. 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 Circleville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Circleville Assessed Value
$152,795
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 Circleville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43113 | $70,338 | $107,212 | $152,795 | $218,820 | $306,897 |
Source: Ownwell
Property Tax Bills Across Circleville, Ohio
In Circleville, located in Pickaway 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 $152,795, homeowners can expect varying tax bills depending on specific assessments and exemptions. The 25th percentile tax bill is around $1,300, while the 75th percentile reaches up to $2,836, and the 90th percentile can be as high as $3,700. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Circleville's tax rates reflect the local economic and housing market conditions. For homeowners, understanding these factors is crucial as property taxes represent a significant annual expense, impacting overall affordability and financial planning.
Average Circleville Tax Bill
$1,941
Average Pickaway County Tax Bill
$2,168
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Circleville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43113 | $632 | $1,300 | $1,941 | $2,836 | $3,700 |
Source: Ownwell