Harveysburg, Ohio Property Taxes
The median property tax rate in Harveysburg, OH, is 1.23%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $104,330, the typical annual property tax bill in Harveysburg is $1,252, falling below the national median of $2,690. Property taxes in Harveysburg are calculated based on the tax assessed value, which often comes in lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Harveysburg'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 Harveysburg or another part of Warren County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Harveysburg, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.23%
Estimate Property Tax Bill
$1,283
Ownwell’s Harveysburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harveysburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harveysburg 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 Harveysburg, Ohio
Property taxes in Harveysburg, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harveysburg is 1.23%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Harveysburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harveysburg 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 Harveysburg's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45032 has both the highest and lowest median property tax rate of 1.23%. Understanding how these areas compare with Harveysburg 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 Harveysburg Tax Rate
1.23%
Average Warren County Tax Rate
1.67%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harveysburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45032 | 1.00% | 1.22% | 1.23% | 1.26% | 1.26% |
Source: Ownwell
Property Tax Assessment Values Across Harveysburg, Ohio
In Harveysburg, 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 Harveysburg, 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. For instance, the median home price in Harveysburg is $104,330, with tax bills ranging from $792 at the 25th percentile to $2,341 at the 90th percentile. The zip code 45032 sees the highest and lowest median tax bill at $1,252. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Harveysburg Assessed Value
$104,330
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 Harveysburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45032 | $39,730 | $67,870 | $104,330 | $141,180 | $192,726 |
Source: Ownwell
Property Tax Bills Across Harveysburg, Ohio
In Harveysburg, located in Warren County, OH, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Harveysburg is $104,330. Tax rates, set by local taxing authorities, are then applied to this assessed value to determine the annual tax bill. Factors such as property improvements, neighborhood developments, and local government budgets can influence these rates. For homeowners, this means the amount they owe in property taxes can vary significantly. For instance, the 25th percentile tax bill is $792, while the 75th percentile tax bill is $1729, and the 90th percentile tax bill reaches $2341. This range demonstrates how property taxes can impact household budgets differently. Compared to the national median property tax rate of 0.99%, Harveysburg's rates reflect local economic conditions and funding needs. Understanding these factors can help homeowners anticipate their financial responsibilities and plan accordingly.
Average Harveysburg Tax Bill
$1,252
Average Warren County Tax Bill
$3,873
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Harveysburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45032 | $465 | $792 | $1,252 | $1,729 | $2,341 |
Source: Ownwell