Mcdermott, Scioto County, Ohio Property Taxes
- Median McDermott, OH effective property tax rate: 1.48%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
- Median McDermott, OH home value: $197,330
- Median annual McDermott, OH tax bill: $2,915, $515 higher than the national median property tax bill of $2,400.
How are property taxes in Scioto calculated?
Property taxes in McDermott, 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 McDermott’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in McDermott, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mcdermott, Scioto County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.48%
Estimate Property Tax Bill
$2,920
$2,710
Property Tax Rates Across Mcdermott, Scioto County, Ohio
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This variation is due to each county's annual process of estimating its budgetary needs for public services and dividing that amount by the total value of all taxable property within its borders. This calculation determines the property tax rate. Although votes and regulations play a role in shaping tax rates and budgets, this is the essence of the yearly process.
In McDermott, located in Scioto County, Ohio, the effective property tax rate can be compared to other cities in Ohio and the median property tax rates both statewide and nationally. The median property tax rate in Ohio is 1.48%, which is higher than the national median of 1.02%. Understanding how McDermott's property tax rate compares can offer insight into local fiscal policies and potential savings opportunities. By evaluating these rates, property owners can make informed decisions about appealing their property taxes or seeking exemptions, ultimately leading to significant financial benefits.
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 Mcdermott Tax Rate
1.48%
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 Scioto County Tax Rate
1.59%
Median Effective Ohio Tax Rate
1.80%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mcdermott, Scioto County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45652 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Mcdermott, Scioto County, Ohio
When examining property taxes in McDermott, 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 Scioto County appraisal district 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 Scioto 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 McDermott.
For example, the median home price in McDermott is $197,330, with tax bills ranging significantly across the county. The 90th percentile tax bill reaches up to $4,136, which is notably higher than the national median property tax bill of $2,400.
Property Tax Assessment Values Across Mcdermott, Scioto County, Ohio
Source: Ownwell
$41,580
$90,205
$138,830
Median Mcdermott Market Value
$197,330
Median Scioto County Market Value
$71,410
Median Ohio Market Value
$133,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mcdermott, Scioto County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45652 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Mcdermott, Scioto County, Ohio
In McDermott, Scioto County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value, with the tax rate applied to this assessed value to determine the annual tax bill. For homeowners in McDermott, the property tax bills can vary significantly. While the 25th percentile tax bill is $1,842, the 75th percentile reaches $3,678, and the 90th percentile is $4,136, reflecting the variation in property values and tax rates within the area. Compared to the national median property tax rate of 1.02% and a median bill of $2,400, McDermott's tax bills can be higher, depending on the home's assessed value.
Ownwell offers homeowners in McDermott an opportunity to reduce their property tax bills by providing expert property tax appeal and exemption services. By leveraging our expertise, homeowners can ensure their properties are assessed fairly, potentially lowering their annual tax obligations and saving money.
Median Mcdermott Tax Bill
$2,915
Median Scioto County Tax Bill
$1,073
Median Ohio Tax Bill
$2,396
Median United States Tax Bill
$2,400
Property Tax Bills Across Mcdermott, Scioto County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45652 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
