Little Hocking, Ohio Property Taxes
The median property tax rate in Little Hocking, OH is 1.38%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Little Hocking at $123,170, the typical annual property tax bill reaches $1,648, falling below the national median of $2,690. Property taxes in Little Hocking 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 Little Hocking'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 Little Hocking or another part of Washington County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Little Hocking, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Little Hocking Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Little Hocking with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Little Hocking 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 Little Hocking, Ohio
Property taxes in Little Hocking, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Little Hocking is 1.38%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Little Hocking set these rates annually, and they can vary significantly across different neighborhoods. Each year, Little Hocking 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 Little Hocking's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45742 has the highest median property tax rate of 1.38%, while the same zip code also has the lowest median tax rate of 1.38%. Understanding how these areas compare with Little Hocking 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 Little Hocking Tax Rate
1.38%
Average Washington County Tax Rate
1.22%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Little Hocking, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45742 | 1.10% | 1.37% | 1.38% | 1.40% | 1.47% |
Source: Ownwell
Property Tax Assessment Values Across Little Hocking, Ohio
In Little Hocking, 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 Little Hocking, 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 Little Hocking is $123,170, and the median tax bill is $1,648, which is higher than the national median property tax rate of 0.99%. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Little Hocking Assessed Value
$123,170
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 Little Hocking, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45742 | $10,983 | $65,990 | $123,170 | $180,095 | $250,962 |
Source: Ownwell
Property Tax Bills Across Little Hocking, Ohio
In Little Hocking, Washington County, OH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and applies an assessment ratio. This assessed value is then multiplied by the county's property tax rate to determine the annual tax bill. For homeowners in Little Hocking, the median home price is $123,170. Property tax bills can vary significantly, with the 25th percentile bill at $837 and the 75th percentile reaching $2,422. At the higher end, the 90th percentile tax bill can be as much as $3,317. These figures indicate a range of tax burdens depending on the property's assessed value and specific circumstances. Compared to the national median property tax rate of 0.99%, the tax rates in Little Hocking can have a notable impact on homeowners, influencing their overall financial planning and homeownership costs.
Average Little Hocking Tax Bill
$1,648
Average Washington County Tax Bill
$1,235
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Little Hocking, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45742 | $172 | $837 | $1,648 | $2,422 | $3,317 |
Source: Ownwell