Fort Lauderdale, Ohio Property Taxes
The median property tax rate in Fort Lauderdale, OH is 2.13%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Fort Lauderdale at $39,900, the typical annual property tax bill reaches $849, which is still below the national median of $2,690. Property taxes in Fort Lauderdale are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fort Lauderdale'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 Fort Lauderdale or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fort Lauderdale, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Fort Lauderdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fort Lauderdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fort Lauderdale 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 Fort Lauderdale, Ohio
Property taxes in Fort Lauderdale, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fort Lauderdale is 2.13%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Fort Lauderdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fort Lauderdale 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 Fort Lauderdale's effective property tax rate to other counties in Ohio and the national median. For comparison, the 33312 zip code has the highest median property tax rate of 2.13%, while the same zip code also has the lowest median tax rate of 2.13%. Understanding how these cities compare with Fort Lauderdale provides valuable insights into the varying tax landscape across Ashtabula County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fort Lauderdale Tax Rate
2.13%
Average Ashtabula County Tax Rate
1.74%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fort Lauderdale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33312 | 2.13% | 2.13% | 2.13% | 2.13% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Fort Lauderdale, Ohio
In Fort Lauderdale, Ohio, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value represents 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 Ashtabula 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 Fort Lauderdale, 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 Fort Lauderdale is $39,900, with tax bills at the 25th, 75th, and 90th percentiles all being $849. The zip code with both the highest and lowest median tax bills is 33312, with a median tax bill of $849. 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 Fort Lauderdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fort Lauderdale Assessed Value
$39,900
Average Ashtabula County Assessed Value
$74,100
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fort Lauderdale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33312 | $39,900 | $39,900 | $39,900 | $39,900 | $39,900 |
Source: Ownwell
Property Tax Bills Across Fort Lauderdale, Ohio
In Fort Lauderdale, located in Ashtabula County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. For example, a median home price in Fort Lauderdale is $39,900. The tax rate is then applied to this assessed value to calculate the annual tax bill. In this region, the median property tax bill is $849, which is significantly higher than the national median property tax rate of 0.99%. Factors that influence the tax bill include the property's location, size, and market conditions. Homeowners in Fort Lauderdale should be aware that their property tax bills can impact their overall housing costs, potentially influencing their financial planning and decisions regarding property ownership. Understanding these factors can help homeowners better anticipate and manage their annual expenses.
Average Fort Lauderdale Tax Bill
$849
Average Ashtabula County Tax Bill
$1,299
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Fort Lauderdale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 33312 | $849 | $849 | $849 | $849 | $849 |
Source: Ownwell