Bloomville, Ohio Property Taxes
The median property tax rate in Bloomville, OH is 1.38%, considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Bloomville at $80,110, the typical annual property tax bill reaches $1,094, which is below the national median of $2,690. Property taxes in Bloomville are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bloomville'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 Bloomville or another part of Seneca County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bloomville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$1,106
Ownwell’s Bloomville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bloomville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bloomville 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 Bloomville, Ohio
Property taxes in Bloomville, Ohio, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Bloomville is 1.33%, which is higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Bloomville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bloomville 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 Bloomville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44818 zip code has the highest median property tax rate of 1.33%, while the same zip code has the lowest median tax rate of 1.33%. Understanding how these cities compare with Bloomville provides valuable insights into the varying tax landscape across Seneca County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bloomville Tax Rate
1.38%
Average Seneca County Tax Rate
1.43%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bloomville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44818 | 0.75% | 1.09% | 1.38% | 1.49% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Bloomville, Ohio
In Bloomville, 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 Seneca 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 Bloomville, 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 Bloomville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills in Bloomville is 44818, both at $1,094.
Average Bloomville Assessed Value
$80,110
Average Seneca County Assessed Value
$95,080
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bloomville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44818 | $42,612 | $56,660 | $80,110 | $123,670 | $245,580 |
Source: Ownwell
Property Tax Bills Across Bloomville, Ohio
In Bloomville, property tax bills are calculated based on the assessed value of a property, which is derived from its market value. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Bloomville can expect property tax bills to vary significantly; the 25th percentile tax bill is $785, while the 75th percentile tax bill reaches $1,624, and the 90th percentile tax bill climbs to $2,499. For comparison, the highest median tax bill in the 44818 zip code is $1,094, which is above the national median property tax rate of 0.99%. These tax bills impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Understanding how these factors interplay can help homeowners anticipate their property tax obligations and budget accordingly.
Average Bloomville Tax Bill
$1,094
Average Seneca County Tax Bill
$1,391
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bloomville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44818 | $568 | $785 | $1,094 | $1,624 | $2,499 |
Source: Ownwell