Chatfield, Ohio Property Taxes
The median property tax rate in Chatfield, Ohio is 1.66%, which is considerably higher than the national median of 0.99% but slightly lower than the Ohio state median of 1.80%. With the median home value in Chatfield at $56,855, the typical annual property tax bill reaches $823, falling below the national median of $2,690. Property taxes in Chatfield are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Chatfield'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 Chatfield or another part of Crawford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Chatfield, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.66%
Estimate Property Tax Bill
$944
Ownwell’s Chatfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chatfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chatfield 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 Chatfield, Ohio
Property taxes in Chatfield, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chatfield is 1.66%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Chatfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chatfield 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 Chatfield's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44825 zip code has the highest median property tax rate of 1.66%, while the 44825 zip code also has the lowest median tax rate of 1.66%. Understanding how these cities compare with Chatfield provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chatfield Tax Rate
1.66%
Average Crawford County Tax Rate
1.54%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chatfield, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44825 | 1.15% | 1.61% | 1.66% | 1.69% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across Chatfield, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Chatfield, Ohio. 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 Crawford 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 Chatfield, 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. 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 Chatfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Chatfield is $56,855, with tax bills ranging from $296 at the 25th percentile to $1,370 at the 90th percentile. The highest and lowest median tax bills both stand at $823 in the 44825 zip code.
Average Chatfield Assessed Value
$56,855
Average Crawford County Assessed Value
$73,770
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Chatfield, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44825 | $6,059 | $16,732 | $56,855 | $70,815 | $89,539 |
Source: Ownwell
Property Tax Bills Across Chatfield, Ohio
In Chatfield, Crawford County, OH, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in Chatfield can expect a median home price of $56,855. The tax rate in this area is applied to the assessed value to determine the annual tax bill. For example, homeowners in the 25th percentile of tax bills pay around $296 annually, while those in the 75th percentile pay approximately $1,124. The 90th percentile sees tax bills as high as $1,370. Several factors influence these tax bills, including property size, location, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Chatfield's rates can significantly impact homeowners' finances. Understanding these elements helps homeowners anticipate their annual expenses and plan accordingly. By knowing where their property falls within these percentiles, residents can better manage their budgets and financial expectations.
Average Chatfield Tax Bill
$823
Average Crawford County Tax Bill
$1,141
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Chatfield, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44825 | $98 | $296 | $823 | $1,124 | $1,370 |
Source: Ownwell