Clarksville, Ohio Property Taxes
The median property tax rate in Clarksville, OH is 1.20%, 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 $258,685, the typical annual property tax bill in Clarksville amounts to $3,217, surpassing the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Clarksville'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 Clarksville or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clarksville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$3,104
$2,881
Ownwell’s Clarksville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Clarksville using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarksville 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 Clarksville, Ohio
Property taxes in Clarksville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarksville is 1.20%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Clarksville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarksville 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 Clarksville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45113 zip code has both the highest and lowest median property tax rate of 1.20%. Understanding how these cities compare with Clarksville 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 Clarksville Tax Rate
1.20%
Average Warren County Tax Rate
1.67%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarksville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45113 | 1.07% | 1.19% | 1.20% | 1.54% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Clarksville, Ohio
In Clarksville, 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 Clarksville, 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. The median home price in Clarksville is $258,685. Homeowners in zip code 45113 see the highest and lowest median tax bills, both at $3,217. 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 Clarksville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clarksville Assessed Value
$258,685
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 Clarksville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45113 | $123,720 | $184,250 | $258,685 | $336,475 | $428,830 |
Source: Ownwell
Property Tax Bills Across Clarksville, Ohio
In Clarksville, 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 a percentage of the market value of the property. Homeowners in Clarksville can expect their tax bill to vary significantly depending on the value of their property. For instance, the 25th percentile tax bill is $2,274, whereas the 75th percentile tax bill rises to $4,509, and the 90th percentile tax bill reaches $5,957. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions. The median home price in Clarksville stands at $258,685, which helps set a benchmark for these calculations. Compared to the national median property tax rate of 0.99%, Clarksville's property tax rates can be quite impactful on homeowners, especially those with higher-valued homes. Understanding these factors can help homeowners in Clarksville better anticipate their annual property tax obligations and plan their finances accordingly.
Average Clarksville Tax Bill
$3,217
Average Warren County Tax Bill
$3,873
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarksville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45113 | $1,575 | $2,274 | $3,217 | $4,509 | $5,957 |
Source: Ownwell