Rarden, Ohio Property Taxes
The median property tax rate in Rarden, OH is 1.16%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Rarden at $40,250, the typical annual property tax bill is $463, significantly below the national median of $2,690. Property taxes in Rarden are based on the tax assessed value, which is typically lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Rarden'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 Rarden or another part of Pike County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rarden, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$467
Ownwell’s Rarden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rarden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rarden 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 Rarden, Ohio
Property taxes in Rarden, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rarden is 1.16%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Rarden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rarden 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 Rarden's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45671 zip code has the highest median property tax rate of 1.16%, while the 45671 zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Rarden 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 Rarden Tax Rate
1.16%
Average Pike County Tax Rate
1.23%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rarden, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45671 | 0.47% | 0.88% | 1.16% | 1.22% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Rarden, Ohio
In Rarden, 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 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 Rarden, 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 Rarden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $40,250, with tax bills ranging from $81 at the 25th percentile to $1,589 at the 90th percentile. The highest and lowest median tax bills both stand at $463 in the 45671 zip code.
Average Rarden Assessed Value
$40,250
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 Rarden, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45671 | $2,292 | $7,060 | $40,250 | $126,270 | $166,092 |
Source: Ownwell
Property Tax Bills Across Rarden, Ohio
In Rarden, located in Pike 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 a percentage of the market value of the property. The tax rate is then applied to this assessed value to calculate the annual tax bill. For homeowners in Rarden, the median home price is $40,250. Property tax bills can vary significantly, with the 25th percentile at $81 and the 75th percentile reaching $1,072. At the higher end, the 90th percentile tax bill is $1,589. These taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the community's quality of life. However, the tax burden can also affect homeowners' financial planning and overall affordability. Compared to the national median property tax rate of 0.99%, Rarden's tax rates reflect the local economic conditions and funding needs.
Average Rarden Tax Bill
$463
Average Pike County Tax Bill
$512
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Rarden, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45671 | $35 | $81 | $463 | $1,072 | $1,589 |
Source: Ownwell