Pemberville, Ohio Property Taxes
The median property tax rate in Pemberville, OH is 1.35%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $155,600 in Pemberville, the typical annual property tax bill amounts to $2,076, falling below the national median of $2,690. Property taxes in Pemberville are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Pemberville'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 Pemberville or another part of Wood County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pemberville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$2,101
$1,949
Ownwell’s Pemberville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pemberville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pemberville 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 Pemberville, Ohio
Property taxes in Pemberville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pemberville is 1.35%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Pemberville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pemberville 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 Pemberville's effective property tax rate to other regions and the national median. For comparison, the zip code 43450 has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these regions compare with Pemberville provides valuable insights into the varying tax landscape across Wood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pemberville Tax Rate
1.35%
Average Wood County Tax Rate
1.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pemberville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43450 | 1.17% | 1.26% | 1.35% | 1.38% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Pemberville, Ohio
In Pemberville, 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 Wood 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 Pemberville, 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. Being aware of these valuation processes in Pemberville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 43450 has the highest and lowest median tax bill of $2,076.
Average Pemberville Assessed Value
$155,600
Average Wood County Assessed Value
$163,900
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pemberville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43450 | $12,500 | $97,000 | $155,600 | $227,850 | $322,380 |
Source: Ownwell
Property Tax Bills Across Pemberville, Ohio
In Pemberville, located in Wood County, OH, property tax bills are calculated based on the assessed value of the home and the local tax rate. The median home price in Pemberville is $155,600. Property taxes are determined by multiplying the assessed value of the property by the local tax rate, which varies within the county. Several factors influence the tax bill, including the property's assessed value, which is typically a percentage of the market value, and any applicable exemptions or deductions. For instance, homeowners in Pemberville might see tax bills ranging from $1,280 at the 25th percentile to $4,254 at the 90th percentile, reflecting differences in property values and assessment rates. Compared to the national median property tax rate of 0.99%, Pemberville's tax rates can significantly impact homeowners, with the highest median tax bill in the area being $2,076. This financial obligation underscores the importance of understanding local property tax calculations and potential savings through appeals and exemptions.
Average Pemberville Tax Bill
$2,076
Average Wood County Tax Bill
$2,615
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Pemberville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43450 | $164 | $1,280 | $2,076 | $2,978 | $4,254 |
Source: Ownwell