Beaver, Scioto County, Ohio Property Taxes
The median property tax rate in Beaver, OH is 1.41%, higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Beaver at $138,830, the typical annual property tax bill reaches $1,974, which is below the national median of $2,690. Property taxes in Beaver are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Beaver'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 Beaver 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
Beaver, Scioto County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.41%
Estimate Property Tax Bill
$1,958
$1,817
Ownwell’s Beaver Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beaver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beaver 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 Beaver, Scioto County, Ohio
Property taxes in Beaver, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beaver is 1.41%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Beaver set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beaver 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 Beaver's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45613 zip code has the highest median property tax rate of 1.41%, while the same zip code also has the lowest median tax rate of 1.41%. Understanding how these areas compare with Beaver provides valuable insights into the varying tax landscape across Scioto County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beaver Tax Rate
1.41%
Average Scioto County Tax Rate
1.59%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beaver, Scioto County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45613 | 0.97% | 1.34% | 1.41% | 1.42% | 1.45% |
Source: Ownwell
Property Tax Assessment Values Across Beaver, Scioto County, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Beaver, Ohio. The market value represents 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 Scioto 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 Beaver, 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. For instance, the median home price in Beaver is approximately $138,830, with tax bills ranging from $1,144 at the 25th percentile to $3,020 at the 90th percentile. The highest and lowest median tax bills are both $1,974 in the 45613 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Beaver, Scioto County, Ohio
Source: Ownwell
$41,580
$90,205
$138,830
Average Beaver Assessed Value
$138,830
Average Scioto County Assessed Value
$71,410
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beaver, Scioto County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45613 | $70,630 | $99,770 | $138,830 | $213,470 | $244,750 |
Source: Ownwell
Property Tax Bills Across Beaver, Scioto County, Ohio
In Beaver, located in Scioto County, OH, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Beaver is $138,830. Tax rates are applied to this assessed value to calculate the annual tax bill. For instance, homeowners in Beaver can expect a tax bill ranging from $1,144 at the 25th percentile to $3,020 at the 90th percentile. Factors influencing the tax bill include the home's market value, the local tax rate, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Beaver's rates reflect the local economic conditions and funding requirements for public services. These property taxes significantly impact homeowners by influencing their overall housing costs and potentially affecting their ability to buy or maintain a home. Understanding these factors helps homeowners better anticipate their annual expenses and plan their finances accordingly.
Average Beaver Tax Bill
$1,974
Average Scioto County Tax Bill
$1,073
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Beaver, Scioto County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45613 | $638 | $1,144 | $1,974 | $2,382 | $3,020 |
Source: Ownwell