Beaver, Ohio Property Taxes
The median property tax rate in Beaver, OH is 1.17%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $45,790 in Beaver, the typical annual property tax bill is $510, significantly below the national median of $2,690. Property taxes in Beaver are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Beaver's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Beaver or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Beaver, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$536
Ownwell’s Beaver Property Tax Bill Calculator helps homeowners, real estate investors, and potential buyers estimate their annual property taxes in Beaver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beaver 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 Beaver, Ohio
Property taxes in Beaver, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beaver is 1.17%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Beaver set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beaver 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 Beaver's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45613 zip code has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Beaver provides valuable insights into the varying tax landscape across Pike County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beaver Tax Rate
1.17%
Average Pike County Tax Rate
1.23%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beaver, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45613 | 0.77% | 1.12% | 1.17% | 1.35% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Beaver, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Beaver, 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 Pike 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 Beaver, 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. In Beaver, the median home price is $45,790, with tax bills ranging from $113 at the 25th percentile to $1,833 at the 90th percentile. The zip code 45613 has the highest and lowest median tax bill at $510. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Beaver Assessed Value
$45,790
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 Beaver, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45613 | $2,525 | $8,820 | $45,790 | $103,858 | $173,615 |
Source: Ownwell
Property Tax Bills Across Beaver, Ohio
In Beaver, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the total tax bill. Factors such as the property's location, size, and improvements can influence its assessed value. For homeowners, this means that any enhancements or renovations could potentially increase their property tax bill. The median home price in Beaver is $45,790, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $113, while the 75th percentile tax bill is $1,159. At the 90th percentile, homeowners might see a tax bill as high as $1,833. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding how local rates stack up. Homeowners in Beaver should be mindful of these factors as they directly impact their annual property tax obligations.
Average Beaver Tax Bill
$510
Average Pike County Tax Bill
$512
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Beaver, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45613 | $35 | $113 | $510 | $1,159 | $1,833 |
Source: Ownwell