Peebles, Ohio Property Taxes
The median property tax rate in Peebles, OH is 1.71%, which is considerably higher than the national median of 0.99% but slightly lower than the Ohio state median of 1.80%. With a median home value of $41,625 in Peebles, the typical annual property tax bill reaches $646, falling well below the national median of $2,690. Property taxes in Peebles are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Peebles' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Peebles or another part of Scioto County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Peebles, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$712
$661
Ownwell’s Peebles Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Peebles with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Peebles 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 Peebles, Ohio
Property taxes in Peebles, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Peebles is 1.71%, significantly higher than the U.S. national median of 0.99%. Local government entities within Peebles set these rates annually, and they can vary significantly across different neighborhoods. Each year, Peebles 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 Peebles' effective property tax rate to other areas in Ohio and the national median. For comparison, the 45660 zip code has the highest median property tax rate of 1.71%, while the same zip code also has the lowest median tax rate of 1.71%. Understanding how these cities compare with Peebles 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 Peebles Tax Rate
1.71%
Average Scioto County Tax Rate
1.59%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Peebles, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45660 | 0.61% | 1.36% | 1.71% | 1.75% | 1.79% |
Source: Ownwell
Property Tax Assessment Values Across Peebles, Ohio
In Peebles, 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 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 Peebles, 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 Peebles helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Peebles is $646.00, while the lowest median tax bill is also $646.00, both found in the 45660 zip code.
Average Peebles Assessed Value
$41,625
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 Peebles, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45660 | $18,855 | $29,282 | $41,625 | $101,592 | $213,264 |
Source: Ownwell
Property Tax Bills Across Peebles, Ohio
In Peebles, located in Scioto County, OH, property tax bills are determined by assessing the value of a homeowner's property and applying the local tax rate. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the tax rate set by local government authorities. For instance, the median home price in Peebles is $41,625. Homeowners can expect varying tax bills depending on their property's value and the specific tax rate in their area. The 25th percentile tax bill is approximately $341, while the 75th percentile reaches $1,667. At the higher end, the 90th percentile tax bill is about $2,716. The highest median tax bill in the region is $646, which is consistent across the zip code 45660. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents. Compared to the national median property tax rate of 0.99%, Peebles homeowners may find their tax rates relatively manageable.
Average Peebles Tax Bill
$646
Average Scioto County Tax Bill
$1,073
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Peebles, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45660 | $172 | $341 | $646 | $1,667 | $2,716 |
Source: Ownwell