South Bloomingville, Ohio Property Taxes
The median property tax rate in South Bloomingville, OH is 1.27%, 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 $52,160, the typical annual property tax bill in South Bloomingville reaches $462, significantly below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding South Bloomingville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of South Bloomingville or another part of Vinton County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
South Bloomingville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$662
Ownwell’s South Bloomingville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Bloomingville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Bloomingville 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 South Bloomingville, Ohio
Property taxes in South Bloomingville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Bloomingville is 1.27%, which is higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within South Bloomingville set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Bloomingville 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 South Bloomingville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43152 zip code has the highest median property tax rate of 1.27%, while the 43152 zip code also has the lowest median tax rate of 1.27%. Understanding how these cities compare with South Bloomingville provides valuable insights into the varying tax landscape across Vinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average South Bloomingville Tax Rate
1.27%
Average Vinton County Tax Rate
1.27%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Bloomingville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43152 | 0.63% | 0.65% | 1.27% | 1.29% | 1.32% |
Source: Ownwell
Property Tax Assessment Values Across South Bloomingville, Ohio
In South Bloomingville, 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 Vinton 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 South Bloomingville, 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 South Bloomingville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $462.00, found in the 43152 zip code.
Property Tax Assessment Values Across South Bloomingville, Ohio
Source: Ownwell
$26,425
$63,748
$101,070
Average South Bloomingville Assessed Value
$52,160
Average Vinton County Assessed Value
$50,680
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across South Bloomingville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43152 | $2,514 | $17,365 | $52,160 | $111,705 | $166,614 |
Source: Ownwell
Property Tax Bills Across South Bloomingville, Ohio
In South Bloomingville, Vinton County, OH, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the market value, which is determined by the county assessor. Factors such as property size, location, and improvements can influence this value. For instance, the median home price in South Bloomingville is $52,160. The tax bill can vary significantly, with the 25th percentile at $120 and the 90th percentile reaching $2,282. The median tax bill in the area is $462, which is considerably lower than the national median property tax rate of 0.99%. This variation affects homeowners differently; those with higher-value properties or recent improvements may see higher bills, while others benefit from lower assessments. Understanding these factors can help homeowners anticipate their property tax obligations and plan accordingly.
Average South Bloomingville Tax Bill
$462
Average Vinton County Tax Bill
$541
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across South Bloomingville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43152 | $30 | $120 | $462 | $1,182 | $2,282 |
Source: Ownwell