Butler, Ohio Property Taxes
The median property tax rate in Butler, OH is 1.44%, which is significantly higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $103,245 in Butler, the typical annual property tax bill is $1,399, falling below the national median of $2,690. Property taxes in Butler are determined based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Navigating Butler'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 Butler or another part of the city, understanding the local property tax system is beneficial for homeowners and real estate investors alike.
Last Updated June 14, 2024
Butler, 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 Butler Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Butler with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Butler to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in seeing trends on a neighborhood level, additional localized information is available. Your property’s assessed value is determined by the county for property tax calculations, factoring in any applicable exemptions.
Property Tax Rates Across Butler, Ohio
Property taxes in Butler, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Butler is 1.70%, higher than both the Ohio state median of 1.41% and the U.S. national median of 0.99%. Local government entities within Butler set these rates annually, and they can vary significantly across different neighborhoods. Each year, Butler 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 Butler's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44822 zip code has the highest median property tax rate of 1.70%, while the same zip code also has the lowest median tax rate of 1.70%. Understanding how these cities compare with Butler provides valuable insights into the varying tax landscape across Richland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Butler Tax Rate
1.44%
Average Richland County Tax Rate
1.92%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Butler, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44822 | 0.94% | 1.31% | 1.44% | 1.48% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Butler, Ohio
In Butler, 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 county's 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 Butler, 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 Butler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price in Butler is $103,245, with tax bills ranging from $891 at the 25th percentile to $2,797 at the 90th percentile. The highest and lowest median tax bills, both $1,399, are found in the 44822 zip code.
Average Butler Assessed Value
$103,245
Average Richland County Assessed Value
$93,590
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Butler, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44822 | $21,254 | $66,660 | $103,245 | $155,112 | $237,992 |
Source: Ownwell
Property Tax Bills Across Butler, Ohio
In Butler, located in Richland 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 property's market value. The median home price in Butler is $103,245, and the property tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. For instance, homeowners might qualify for exemptions that can reduce their tax burden. In Butler, the property tax bills vary significantly; the 25th percentile tax bill is $891, while the 75th percentile reaches $2,067, and the 90th percentile can be as high as $2,797. These property taxes fund local services such as schools, public safety, and infrastructure, directly impacting homeowners by contributing to the community's overall quality of life. Comparing this to the national median property tax rate of 0.99%, Butler's rates reflect the local economic conditions and public service needs.
Average Butler Tax Bill
$1,399
Average Richland County Tax Bill
$1,633
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Butler, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44822 | $342 | $891 | $1,399 | $2,067 | $2,797 |
Source: Ownwell