Ray, Vinton County, Ohio Property Taxes
Median RAY, OH effective property tax rate: 1.33%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median RAY, OH home value: $48,080
Median annual RAY, OH tax bill: $528, $1,872 lower than the national median property tax bill of $2,400.
How are property taxes in Vinton 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, Vinton County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.21%
Estimate Property Tax Bill
$756
$702
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 Vinton County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Ray, Vinton 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 Vinton County, has its own unique property tax rate. The median property tax rate in Ohio is 1.33%, which is higher than the national median of 1.02%. This indicates that property owners in Ohio, including Ray, may face higher tax bills compared to the national average. Understanding these rates is crucial for property owners seeking to manage their expenses effectively. Whether you're a homeowner or an investor, being informed about local tax rates can help you make better financial decisions and potentially save money through appeals and exemptions.
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
1.21%
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 Vinton County Tax Rate
1.17%
Median Effective Ohio Tax Rate
1.60%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Ray, Vinton County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45672 | 0.60% | 0.62% | 1.21% | 1.24% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Ray, Vinton 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 Vinton 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 Vinton 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 $48,080, with tax bills ranging significantly across the county. Zip code 45672 has the highest median home price at $48,080.
Median Ray Market Value
$62,480
Median Vinton County Market Value
$67,640
Median Ohio Market Value
$168,370
Median United States Market Value
$235,294
Property Tax Assessment Values Across Ray, Vinton County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45672 | $3,000 | $18,260 | $62,480 | $124,640 | $187,698 |
Source: Ownwell
Property Tax Bills Across Ray, Vinton County, Ohio
In Ray, located in Vinton County, Ohio, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined based on a percentage of the property's market value. With a median home price of $48,080, property taxes can vary significantly. Homeowners in Ray experience tax bills ranging from $190 at the 25th percentile to $2,174 at the 90th percentile, reflecting differences in property values and tax rates. The median tax bill stands at $528, which is substantially lower than the national median of $2,400.
These property taxes can have a significant impact on homeowners, affecting their monthly budgets and long-term financial planning. This is where Ownwell can make a difference. By providing expert property tax appeal and exemption services, Ownwell helps homeowners potentially reduce their tax bills. Our team reviews property assessments to ensure accuracy and identifies opportunities for savings, offering a valuable service that can ease the financial burden of property taxes.
Median Ray Tax Bill
$627
Median Vinton County Tax Bill
$677
Median Ohio Tax Bill
$2,789
Median United States Tax Bill
$2,400
Property Tax Bills Across Ray, Vinton County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45672 | $44 | $189 | $627 | $1,361 | $2,441 |
Source: Ownwell