Seville, Wayne County, Ohio Property Taxes
The median property tax rate in Seville, OH is 1.69%, which is considerably higher than the national median of 0.99% but slightly lower than the Ohio state median of 1.80%. With the median home value in Seville at $125,060, the typical annual property tax bill reaches $2,101, which is below the national median of $2,690. Property taxes in Seville 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 Seville'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 Seville 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
Seville, Wayne County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.69%
Estimate Property Tax Bill
$2,114
$1,961
Ownwell’s Seville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Seville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Seville 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 Seville, Wayne County, Ohio
Property taxes in Seville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Seville is 1.69%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Seville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seville 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 Seville's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 44273 has the highest median property tax rate of 1.69%, while the same zip code also has the lowest median tax rate of 1.69%. Understanding how these cities compare with Seville provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Seville Tax Rate
1.69%
Average Wayne County Tax Rate
1.80%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seville, Wayne County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44273 | 1.67% | 1.68% | 1.69% | 1.72% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Seville, Wayne County, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Seville, Ohio. 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 Wayne 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 Seville, 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. Seville's median home price is $125,060, with the 25th percentile tax bill at $1,506 and the 75th percentile tax bill at $2,944. The highest and lowest median tax bills are both $2,101, found in the 44273 zip code. Being aware of these valuation processes in Seville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Seville, Wayne County, Ohio
Source: Ownwell
$68,990
$178,305
$287,620
Average Seville Assessed Value
$125,060
Average Wayne County Assessed Value
$144,025
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Seville, Wayne County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44273 | $7,810 | $88,880 | $125,060 | $174,610 | $231,452 |
Source: Ownwell
Property Tax Bills Across Seville, Wayne County, Ohio
In Seville, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor in Wayne County. This assessed value is a percentage of the market value of the property. The local tax rate is then applied to this assessed value to determine the annual tax bill for homeowners. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Seville, the median home price is $125,060. Property tax bills can vary significantly, with the 25th percentile paying around $1,506 annually, while those in the 75th percentile see bills closer to $2,944. At the 90th percentile, tax bills can reach up to $3,912. Compared to the national median property tax rate of 0.99%, Seville's tax rates reflect the local economic conditions and funding needs for public services. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Seville Tax Bill
$2,101
Average Wayne County Tax Bill
$2,548
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Seville, Wayne County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44273 | $136 | $1,506 | $2,101 | $2,944 | $3,912 |
Source: Ownwell