Butlerville, Ohio Property Taxes
The median property tax rate in Butlerville, OH is 1.55%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Butlerville at $87,780, the typical annual property tax bill reaches $1,322, falling below the national median of $2,690. Property taxes in Butlerville 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 Butlerville'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 Butlerville 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
Butlerville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$1,361
$1,263
Ownwell’s Butlerville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Butlerville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Butlerville 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 Butlerville, Ohio
Property taxes in Butlerville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Butlerville is 1.55%, significantly higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Butlerville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Butlerville 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 Butlerville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45162 zip code has the highest median property tax rate of 1.55%, while the same zip code also has the lowest median tax rate of 1.55%. Understanding how these areas compare with Butlerville provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Butlerville Tax Rate
1.55%
Average Warren County Tax Rate
1.67%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Butlerville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45162 | 1.48% | 1.55% | 1.55% | 1.59% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Butlerville, Ohio
In Butlerville, 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 Warren 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 Butlerville, 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. The median home price in Butlerville is $87,780, with tax bills ranging from $1,105 at the 25th percentile to $1,823 at the 90th percentile. The zip code 45162 has the highest and lowest median tax bill, both at $1,322. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Butlerville Assessed Value
$87,780
Average Warren County Assessed Value
$234,580
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Butlerville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45162 | $51,140 | $71,660 | $87,780 | $102,510 | $117,358 |
Source: Ownwell
Property Tax Bills Across Butlerville, Ohio
In Butlerville, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Butlerville, the tax bills can vary significantly. For instance, the tax bill for homes in the 25th percentile is around $1,105, while those in the 75th percentile pay approximately $1,562. At the 90th percentile, homeowners face a tax bill of about $1,823. The median home price in Butlerville is $87,780, which is relatively lower compared to national averages, potentially leading to lower property tax bills overall. However, the specific tax rate applied can still result in varying tax obligations. For example, the highest and lowest median tax bills in the area are both $1,322 in the zip code 45162. Understanding these factors helps homeowners anticipate their property tax responsibilities and plan their finances accordingly.
Average Butlerville Tax Bill
$1,322
Average Warren County Tax Bill
$3,873
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Butlerville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45162 | $638 | $1,105 | $1,322 | $1,562 | $1,823 |
Source: Ownwell