Ray, Ross County, Ohio Property Taxes

Name: Property Tax Bills Across Ray, Ross County, Ohio
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median RAY, OH effective property tax rate: 1.24%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median RAY, OH home value: $126,555
Median annual RAY, OH tax bill: $1,296, $1,104 lower than the national median property tax bill of $2,400.

How are property taxes in Ross calculated?

Property taxes in RAY, OH are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding RAY’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in RAY, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Ray, Ross County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.24%

Estimate Property Tax Bill

$1,569

$1,456

Ownwell’s RAY Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in RAY with just two data points. By entering your property's estimated assessed value, our calculator applies RAY’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Ross County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Ray, Ross County, Ohio

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Ray’s effective property tax rate to other cities in Ohio and the median property tax rates in Ohio and the U.S.

Ray, located in Ross County, has a property tax rate that aligns with the state's median of 1.24%. This is higher than the national median property tax rate of 1.02%. Homeowners in Ray may find their property tax bills to be relatively high compared to the national median bill of $2400. Understanding these nuances can help property owners make informed decisions about appealing their property taxes or seeking exemptions. By staying informed, Ray residents can potentially reduce their property tax burden and ensure they are not overpaying.

Property Tax Rates Across Ray, Ross County, Ohio

Source: Ownwell

1.17%

1.25%

1.32%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Ray Tax Rate

1.24%

Median Effective Ross County Tax Rate

1.29%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Ray, Ross County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
45672	0.95%	1.04%	1.24%	1.27%	2.32%

Source: Ownwell

Property Tax Assessment Values Across Ray, Ross County, Ohio

When examining property taxes in Ray, Ohio, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Ross County Auditor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Ross County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Ray.

For example, the median home price in Ray is $126,555, with tax bills ranging significantly across the county. Zip code 45672 has the highest median home price at $126,555.

Property Tax Assessment Values Across Ray, Ross County, Ohio

Source: Ownwell

$37,830

$170,080

$302,330

Median Ray Market Value

$126,555

Median Ross County Market Value

$96,810

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Ray, Ross County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
45672	$5,204	$37,235	$126,555	$161,238	$207,817

Source: Ownwell

Property Tax Bills Across Ray, Ross County, Ohio

In Ray, located in Ross County, OH, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the home's market value, which is influenced by factors such as location, size, and condition. The median home price in Ray is $126,555, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $461, while the 75th percentile reaches $1,865, and the 90th percentile climbs to $2,180. Comparatively, the national median property tax bill is $2,400, indicating that many homeowners in Ray might pay less than the national average. However, the highest and lowest median tax bills in the area are both $1,296, suggesting a level of consistency within certain zip codes. Homeowners looking to reduce their property tax bills can benefit from Ownwell's expertise in property tax appeals and exemptions, ensuring they are not overpaying and potentially saving significant amounts annually.

Property Tax Bills Across Ray, Ross County, Ohio

Source: Ownwell

$353

$1,528

$2,702

Median Ray Tax Bill

$1,296

Median Ross County Tax Bill

$1,236

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Ray, Ross County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
45672	$121	$461	$1,296	$1,865	$2,180

Source: Ownwell