Rarden, Ohio Property Taxes
The median property tax rate in Rarden, OH is 1.14%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $123,350 in Rarden, the typical annual property tax bill amounts to $1,236, falling below the national median of $2,690. Property taxes in Rarden are calculated based on the tax assessed value, which often comes in lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Rarden'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 Rarden or another part of Adams County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rarden, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$1,406
Ownwell’s Rarden Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rarden with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rarden 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 Rarden, Ohio
Property taxes in Rarden, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rarden is 1.14%, which is higher than the U.S. national median of 0.99%. Local government entities within Rarden set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rarden 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 Rarden's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45671 has the highest median property tax rate of 1.14%, while the same zip code also has the lowest median tax rate of 1.14%. Understanding how these areas compare with Rarden provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rarden Tax Rate
1.14%
Average Adams County Tax Rate
1.44%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rarden, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45671 | 0.61% | 0.95% | 1.14% | 1.17% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Rarden, Ohio
In Rarden, 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 Adams 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 Rarden, 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. The median home price in Rarden is $123,350, with tax bills ranging from $1,021 at the 25th percentile to $1,494 at the 90th percentile. 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 Rarden helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rarden Assessed Value
$123,350
Average Adams County Assessed Value
$61,700
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rarden, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45671 | $97,280 | $111,950 | $123,350 | $161,550 | $224,460 |
Source: Ownwell
Property Tax Bills Across Rarden, Ohio
Property tax bills in Rarden, located in Adams County, OH, are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to produce the annual tax bill. For homeowners in Rarden, the median home price is $123,350, and the property tax rate is pivotal in determining the final tax amount. Factors such as property improvements, market conditions, and neighborhood changes can influence the assessed value. In Rarden, the 25th percentile tax bill is $1,021, while the 75th percentile tax bill reaches $1,462. At the 90th percentile, homeowners may see tax bills as high as $1,494. This variation shows how different property values and assessments impact the final tax bill. Compared to the national median property tax rate of 0.99%, Rarden’s property taxes can significantly affect homeowners' annual expenses. Accurate assessments and understanding local tax rates are crucial for homeowners to manage and anticipate their property tax obligations effectively.
Average Rarden Tax Bill
$1,236
Average Adams County Tax Bill
$833
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Rarden, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45671 | $1,008 | $1,021 | $1,236 | $1,462 | $1,494 |
Source: Ownwell