Williamsport, Ohio Property Taxes
The median property tax rate in Williamsport, Ohio is 1.23%, which is higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $302,330, the typical annual property tax bill in Williamsport amounts to $2,702, just below the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often less than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Williamsport'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 Williamsport or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Williamsport, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$3,719
Ownwell’s WILLIAMSPORT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WILLIAMSPORT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WILLIAMSPORT 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 Williamsport, Ohio
Property taxes in Williamsport, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Williamsport is 1.23%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Williamsport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Williamsport 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 Williamsport's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43164 zip code has the highest median property tax rate of 1.23%, while the same zip code also has the lowest median tax rate of 1.23%. Understanding how these cities compare with Williamsport 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 Williamsport Tax Rate
1.23%
Average Ross County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Williamsport, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43164 | 0.74% | 1.00% | 1.23% | 1.27% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Williamsport, Ohio
In Williamsport, 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 Ross 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 Williamsport, 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 Williamsport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 43164 has the highest median tax bill at $2,702.
Average Williamsport Assessed Value
$302,330
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 Williamsport, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43164 | $36,528 | $118,690 | $302,330 | $676,590 | $950,154 |
Source: Ownwell
Property Tax Bills Across Williamsport, Ohio
In Williamsport, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For instance, the median home price in Williamsport is $302,330. Homeowners in Williamsport can expect a wide range of tax bills. At the 25th percentile, the tax bill is around $1,407, while at the 75th percentile, it can go up to $5,549, and at the 90th percentile, it reaches $8,847. This variability means that homeowners with higher-valued properties or those in more desirable locations will face higher tax bills. Compared to the national median property tax rate of 0.99%, the tax rates in Williamsport can significantly impact homeowners' finances, making it crucial to understand how these factors affect their annual obligations.
Average Williamsport Tax Bill
$2,702
Average Ross County Tax Bill
$1,236
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Williamsport, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43164 | $461 | $1,407 | $2,702 | $5,549 | $8,847 |
Source: Ownwell