Beverly, Washington County, Ohio Property Taxes
The median property tax rate in Beverly, OH is 1.04%, slightly higher than the national median of 0.99% but significantly lower than Ohio's state median of 1.80%. With a median home value of $89,530, the typical annual property tax bill in Beverly amounts to $895, which is below the national median of $2,690. Property taxes in Beverly 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 Beverly'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 Beverly 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
Beverly, Washington County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.04%
Estimate Property Tax Bill
$931
$864
Ownwell’s Beverly Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beverly with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beverly 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 Beverly, Washington County, Ohio
Property taxes in Beverly, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beverly is 1.04%, which is higher than the U.S. national median of 0.99%. Local government entities within Beverly set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beverly 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 Beverly's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45715 zip code has the highest median property tax rate of 1.04%, while the same zip code also has the lowest median tax rate of 1.04%. Understanding how these cities compare with Beverly provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beverly Tax Rate
1.04%
Average Washington County Tax Rate
1.22%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beverly, Washington County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45715 | 0.84% | 1.03% | 1.04% | 1.06% | 1.11% |
| 45744 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Beverly, Washington County, Ohio
In Beverly, 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 Washington 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 Beverly, 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 Beverly is $89,530, with tax bills ranging from $258 at the 25th percentile to $1,865 at the 90th percentile. The zip code with the highest and lowest median tax bill is 45715, at $895. By understanding 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 Beverly helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Beverly, Washington County, Ohio
Source: Ownwell
$53,200
$100,965
$148,730
Average Beverly Assessed Value
$89,530
Average Washington County Assessed Value
$106,255
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beverly, Washington County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45715 | $5,000 | $23,680 | $89,590 | $142,750 | $189,062 |
| 45744 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Beverly, Washington County, Ohio
In Beverly, Washington County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Local tax rates are then applied to this assessed value to determine the annual tax bill. Several factors influence the final tax amount, including the property's location, size, and any applicable exemptions or deductions. For homeowners in Beverly, the median home price is $89,530. The property tax rate in this region is influenced by local levies and funding requirements for public services such as schools and infrastructure. Tax bills can vary significantly; for instance, the 25th percentile tax bill is $258, while the 75th percentile reaches $1,409. The 90th percentile tax bill can go up to $1,865, indicating a wide range of possible tax liabilities. Understanding how these factors interplay helps homeowners anticipate their tax obligations and plan accordingly. Comparatively, Beverly's tax rates are a crucial consideration for both current residents and potential homebuyers, impacting overall affordability and long-term financial planning.
Average Beverly Tax Bill
$895
Average Washington County Tax Bill
$1,235
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Beverly, Washington County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45715 | $55 | $258 | $895 | $1,409 | $1,865 |
| 45744 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell