Circleville, Ohio Property Taxes
The median property tax rate in Circleville, OH is 1.32%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $68,790 in Circleville, the typical annual property tax bill amounts to $907, falling below the national median of $2,690. Property taxes in Circleville are determined based on the assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a comprehensive understanding of Circleville's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial yearly savings. Whether you're located in the heart of Circleville or its surrounding areas, familiarizing yourself with the local property tax system can be highly beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Circleville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$908
$843
Ownwell’s Circleville Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Circleville. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Circleville to provide an accurate estimate of your property tax bill. This valuable resource helps you understand potential tax liabilities and plan accordingly. For those interested in more detailed insights, localized information on neighborhood trends is available just a scroll away. Your property’s assessed value is determined by the county for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Circleville, Ohio
Property taxes in Circleville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Circleville is 1.32%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Circleville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Circleville 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 Circleville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43113 zip code has the highest median property tax rate of 1.32%, while the 43113 zip code has the lowest median tax rate of 1.32%. Understanding how these cities compare with Circleville provides valuable insights into the varying tax landscape across Ross County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Circleville Tax Rate
1.32%
Average Ross County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Circleville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43113 | 1.31% | 1.32% | 1.32% | 1.34% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Circleville, Ohio
In Circleville, 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 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 Circleville, 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 Circleville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Circleville is $68,790, with the highest and lowest median tax bill both at $907 in the 43113 zip code.
Average Circleville Assessed Value
$68,790
Average Ross County Assessed Value
$96,810
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Circleville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43113 | $52,394 | $60,745 | $68,790 | $152,705 | $282,094 |
Source: Ownwell
Property Tax Bills Across Circleville, Ohio
In Circleville, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. For homeowners in Circleville, the median home price is $68,790, making the property tax rate roughly 1.32%, which is higher than the national median property tax rate of 0.99%. Several factors influence your property tax bill, including the market value of your home, local tax rates, and any applicable exemptions. For example, tax bills can vary significantly; the 25th percentile tax bill is $835, while the 75th percentile tax bill is $2,007, and the 90th percentile tax bill can reach up to $3,695. These variations affect homeowners differently, impacting monthly mortgage payments and overall affordability. Understanding these factors is crucial for effective financial planning and ensuring you’re not overpaying on your property taxes.
Average Circleville Tax Bill
$907
Average Ross County Tax Bill
$1,236
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Circleville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43113 | $727 | $835 | $907 | $2,007 | $3,695 |
Source: Ownwell