Pike County Property Taxes
The median property tax rate in Pike County is 1.23%, 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 Pike County, the typical annual property tax bill reaches $512, which is significantly lower than the national median of $2,690. Property taxes in Pike County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Pike County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Waverly or another part of Pike County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pike County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$585
Ownwell’s Pike County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Pike County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Pike County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Pike County, Ohio
Property taxes in Pike County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Pike County is 1.23%, which is higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Pike County set these rates annually, and they can vary significantly between different areas within the county. Each year, Pike County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Pike County's effective property tax rate with other counties in Ohio and the national median. For comparison, the city of Chillicothe has one of the higher property tax rates in Ohio at 1.37%, while the city of Wakefield boasts one of the lowest at 1.07%. Analyzing how Pike County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Pike County Tax Rate
1.23%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pike County, Ohio
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bainbridge | 0.53% | 1.03% | 1.17% | 1.21% | 1.27% |
| Beaver | 0.77% | 1.12% | 1.17% | 1.35% | 1.53% |
| Chillicothe | 0.97% | 1.35% | 1.37% | 1.38% | 1.43% |
| Cynthiana | 0.66% | 0.97% | 1.16% | 1.17% | 1.17% |
| Hillsboro | 0.62% | 0.94% | 1.14% | 1.17% | 1.20% |
| Jasper | 0.85% | 1.02% | 1.12% | 1.13% | 1.13% |
| Latham | 0.52% | 1.11% | 1.14% | 1.14% | 1.17% |
| Lucasville | 0.60% | 1.07% | 1.15% | 1.18% | 1.24% |
| Middle River | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% |
| Otway | 1.15% | 1.15% | 1.18% | 1.18% | 1.18% |
| Peebles | 0.75% | 1.11% | 1.14% | 1.18% | 1.21% |
| Piketon | 0.78% | 1.11% | 1.15% | 1.36% | 1.40% |
| Rarden | 0.47% | 0.88% | 1.16% | 1.22% | 1.24% |
| Wakefield | 0.21% | 0.54% | 1.07% | 1.09% | 1.09% |
| Waverly | 0.95% | 1.22% | 1.35% | 1.44% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Pike County, Ohio
In Pike County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Pike County Appraisal District. The assessed value, however, 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. Assessment notices in Pike County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, the city with the highest median tax bill is Waverly at $813, while Middle River has the lowest at $186. Being aware of these valuation processes in Pike County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Pike County Assessed Value
$47,540
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pike County, Ohio
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bainbridge | $2,634 | $10,910 | $38,120 | $97,625 | $182,640 |
| Beaver | $2,525 | $8,820 | $45,790 | $103,858 | $173,615 |
| Chillicothe | $4,968 | $19,925 | $44,795 | $108,352 | $152,507 |
| Cynthiana | $13,539 | $18,322 | $31,245 | $49,798 | $64,715 |
| Hillsboro | $3,940 | $16,380 | $76,010 | $148,610 | $237,450 |
| Jasper | $2,287 | $4,218 | $6,545 | $23,832 | $52,691 |
| Latham | $1,996 | $7,000 | $27,370 | $74,920 | $140,724 |
| Lucasville | $2,155 | $8,445 | $32,340 | $90,880 | $147,650 |
| Middle River | $13,840 | $13,840 | $13,840 | $13,840 | $13,840 |
| Otway | $4,410 | $7,205 | $21,305 | $34,532 | $66,375 |
| Peebles | $2,300 | $6,860 | $22,405 | $68,210 | $122,270 |
| Piketon | $1,926 | $8,200 | $37,950 | $99,310 | $166,554 |
| Rarden | $2,292 | $7,060 | $40,250 | $126,270 | $166,092 |
| Wakefield | $10,968 | $16,860 | $26,680 | $34,225 | $38,752 |
| Waverly | $3,482 | $14,355 | $64,170 | $104,082 | $166,646 |
Source: Ownwell
Property Tax Bills Across Pike County, Ohio
In Pike County, OH, property tax bills are calculated based on the assessed value of the home, which is determined by local tax assessors. This assessed value is a percentage of the property's market value. The county's property tax rate is then applied to this assessed value to determine the tax bill. Various factors such as property size, location, and improvements can influence the assessed value. Homeowners in Pike County can expect a wide range of property tax bills. The 25th percentile tax bill is around $113, while the 75th percentile tax bill reaches $1,199. At the higher end, the 90th percentile tax bill can be as much as $1,911. The city of Waverly has the highest median tax bill in the county at $813, whereas Middle River has the lowest at $186. These property taxes fund essential local services, including schools, public safety, and infrastructure, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Pike County's rates can vary significantly, affecting homeowners' financial planning and overall cost of living.
Average Pike County Tax Bill
$512
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Pike County, Ohio
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Bainbridge | $25 | $102 | $393 | $1,064 | $1,999 |
| Beaver | $35 | $113 | $510 | $1,159 | $1,833 |
| Chillicothe | $66 | $258 | $611 | $1,254 | $2,106 |
| Cynthiana | $141 | $172 | $217 | $398 | $671 |
| Hillsboro | $46 | $167 | $702 | $1,444 | $2,201 |
| Jasper | $26 | $47 | $73 | $199 | $401 |
| Latham | $21 | $75 | $230 | $696 | $1,417 |
| Lucasville | $31 | $82 | $344 | $940 | $1,539 |
| Middle River | $186 | $186 | $186 | $186 | $186 |
| Otway | $51 | $87 | $249 | $359 | $762 |
| Peebles | $31 | $67 | $245 | $674 | $1,266 |
| Piketon | $28 | $96 | $399 | $1,115 | $1,889 |
| Rarden | $35 | $81 | $463 | $1,072 | $1,589 |
| Wakefield | $57 | $143 | $286 | $373 | $425 |
| Waverly | $39 | $169 | $813 | $1,351 | $2,109 |
Source: Ownwell