Unionville Center, Ohio Property Taxes
The median property tax rate in Unionville Center, OH is 1.55%, 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 $109,905 in Unionville Center, the typical annual property tax bill amounts to $1,642, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Unionville Center'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 Unionville Center 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
Unionville Center, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$1,704
Ownwell’s Unionville Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Unionville Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Unionville Center 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 Unionville Center, Ohio
Property taxes in Unionville Center, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Unionville Center is 1.55%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Unionville Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Unionville Center 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 Unionville Center's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43077 zip code has the highest median property tax rate of 1.55%, while it also has the lowest median tax rate of 1.55%. Understanding how these cities compare with Unionville Center provides valuable insights into the varying tax landscape across Union County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Unionville Center Tax Rate
1.55%
Average Union County Tax Rate
1.44%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Unionville Center, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43077 | 1.22% | 1.55% | 1.55% | 1.58% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Unionville Center, Ohio
In Unionville Center, 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 Union 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 Unionville Center, 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 Unionville Center 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 is 43077, with a median tax bill of $1,642.
Average Unionville Center Assessed Value
$109,905
Average Union County Assessed Value
$249,955
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Unionville Center, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43077 | $51,840 | $81,105 | $109,905 | $137,795 | $169,750 |
Source: Ownwell
Property Tax Bills Across Unionville Center, Ohio
In Unionville Center, Union County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $109,905, homeowners can expect tax bills varying significantly. The 25th percentile tax bill is around $1,241, while the 75th percentile tax bill reaches $2,022, and the 90th percentile can be as high as $2,473. These figures indicate a wide range of tax liabilities, influenced by factors such as property location, home improvements, and local levy rates. Compared to the national median property tax rate of 0.99%, Unionville Center's property tax rates can notably impact a homeowner's financial planning. Understanding these factors can help homeowners anticipate their tax obligations and manage their budgets more effectively.
Average Unionville Center Tax Bill
$1,642
Average Union County Tax Bill
$3,900
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Unionville Center, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43077 | $819 | $1,241 | $1,642 | $2,022 | $2,473 |
Source: Ownwell