Shelby, Ohio Property Taxes
The median property tax rate in Shelby, OH is 1.36%, higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Shelby at $107,770, the typical annual property tax bill reaches $1,619, which is below the national median of $2,690. Property taxes in Shelby are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Shelby'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 Shelby 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
Shelby, 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 Shelby Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shelby with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shelby 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 Shelby, Ohio
Property taxes in Shelby, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shelby is 1.36%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Shelby set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shelby 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 Shelby's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44875 zip code has both the highest and lowest median property tax rate of 1.36%. Understanding how these cities compare with Shelby 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 Shelby Tax Rate
1.36%
Average Crawford County Tax Rate
1.54%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shelby, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44875 | 0.45% | 0.87% | 1.36% | 1.39% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Shelby, Ohio
In Shelby, 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 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 Shelby, 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. For instance, the median home price in Shelby is $107,770, with tax bills ranging from $984 at the 25th percentile to $2,232 at the 75th 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 Shelby helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Shelby Assessed Value
$107,770
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 Shelby, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44875 | $55,226 | $78,680 | $107,770 | $224,880 | $617,844 |
Source: Ownwell
Property Tax Bills Across Shelby, Ohio
Property tax bills in Shelby, Crawford County, Ohio, are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Several factors influence this calculation, including the property's location, size, and any improvements made. For homeowners in Shelby, the median home price stands at $107,770. The tax bills can vary significantly, with the 25th percentile at $984 and the 75th percentile reaching $2,232. The highest median tax bill recorded is $1,619, which also happens to be the lowest, indicating a consistent tax rate within the city. Compared to the national median property tax rate of 0.99%, Shelby's property tax rates can have a substantial impact on homeowners, making it essential for them to understand their tax liabilities. This knowledge helps homeowners budget effectively and potentially seek exemptions or appeals to manage their tax burdens.
Average Shelby Tax Bill
$1,619
Average Crawford County Tax Bill
$1,141
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Shelby, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44875 | $699 | $984 | $1,619 | $2,232 | $2,921 |
Source: Ownwell