Over the years, I'm often asked, "How do you compute property taxes in Hide-A-Way Hills, Ohio?" Couple that with the frequent question, "Is there a significant difference in Fairfield and Hocking County as it relates to taxes?"
Today, let's take a look.
In Ohio, state law dictates much of the Ohio property taxing procedures. To quickly compute taxes, we start with the market value(MV). The MV is typically determined by the County Auditor's office through a county appraisal. Each Ohio county must reappraise all real estate at least once every six years with equalizations adjustments occurring every 3 years to attempt to reflect a current MV.
Once we have the MV, we multiply that by 35% to determine the taxable value or the assessed value (AV). This procedure will be the case in ALL Ohio counties, per Ohio Revised Code.
From here, it will depend on which county the Hide-A-Way Hills home is located.
Homes in Fairfield County, contain a 2% School Income Tax for residents in the Fairfield Union district. This includes all homes in Hide-A-Way Hills that are in Fairfield County.
Property tax rate for the district of Rushcreek in Fairfield County is 46.66/1,000 of Assessed Value.
Tax Rates for Fairfield CountyHomes in Hocking County located in Hide-A-Way Hills reside in Marion Township. The township property tax rate is 45.7679 /1,000 of Assessed Value.
As we can we see, there is minimal difference in property tax rates between the two counties. However, a 2% school income tax should be taken into account.
Unrelated to taxes, but as a note, Fairfield County homes are also requierd to pay a $25.00 per year licensing fee to operate a private sanitation system.
Ready for a Visit?
Let's Start with a FREE TOUR