Vaughnsville, Ohio Property Taxes
The median property tax rate in Vaughnsville, OH is 1.34%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Vaughnsville at $74,540, the typical annual property tax bill amounts to $997, which is below the national median of $2,690. Property taxes in Vaughnsville 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. Understanding Vaughnsville'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 Vaughnsville or another part of Putnam County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Vaughnsville, 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 Vaughnsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vaughnsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vaughnsville 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 Vaughnsville, Ohio
Property taxes in Vaughnsville, Ohio, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vaughnsville is 1.34%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Vaughnsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vaughnsville 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 Vaughnsville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45893 zip code has the highest median property tax rate of 1.34%, while the same zip code also has the lowest median tax rate of 1.34%. Understanding how these cities compare with Vaughnsville provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Vaughnsville Tax Rate
1.34%
Average Putnam County Tax Rate
1.30%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vaughnsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45893 | 1.29% | 1.31% | 1.34% | 1.37% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Vaughnsville, Ohio
In Vaughnsville, 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 Putnam 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 Vaughnsville, 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. Vaughnsville has a median home price of $74,540, with property tax bills ranging from $723 at the 25th percentile to $1,489 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Vaughnsville Assessed Value
$74,540
Average Putnam County Assessed Value
$132,830
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Vaughnsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45893 | $14,260 | $51,030 | $74,540 | $88,430 | $125,488 |
Source: Ownwell
Property Tax Bills Across Vaughnsville, Ohio
In Vaughnsville, located in Putnam County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, if the median home price is $74,540, the assessed value is determined by the county assessor. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value, thereby affecting the tax bill. Homeowners in Vaughnsville might see a range of tax bills, with the 25th percentile at $723 and the 75th percentile at $1165. Comparatively, the highest median tax bill in the area stands at $997. This variance can impact homeowners' financial planning and budgeting. While the national median property tax rate is 0.99%, understanding local assessments and tax rates is crucial for homeowners to anticipate their annual property tax obligations accurately.
Average Vaughnsville Tax Bill
$997
Average Putnam County Tax Bill
$1,712
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Vaughnsville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45893 | $342 | $723 | $997 | $1,165 | $1,489 |
Source: Ownwell