Sulphur Springs, Ohio Property Taxes
The median property tax rate in Sulphur Springs, Ohio, is 1.50%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $75,660 in Sulphur Springs, the typical annual property tax bill amounts to $852, which is below the national median of $2,690. Property taxes in Sulphur Springs are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Sulphur Springs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Sulphur Springs 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
Sulphur Springs, 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 Sulphur Springs Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sulphur Springs with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sulphur Springs 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 Sulphur Springs, Ohio
Property taxes in Sulphur Springs, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sulphur Springs is 1.50%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Sulphur Springs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sulphur Springs 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 Sulphur Springs' effective property tax rate to other counties in Ohio and the national median. For comparison, the 44881 zip code has both the highest and lowest median property tax rate of 1.50%. Understanding how these areas compare with Sulphur Springs 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 Sulphur Springs Tax Rate
1.50%
Average Crawford County Tax Rate
1.54%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sulphur Springs, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44881 | 1.46% | 1.47% | 1.50% | 1.53% | 1.54% |
Source: Ownwell
Property Tax Assessment Values Across Sulphur Springs, Ohio
In Sulphur Springs, 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 Sulphur Springs, 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. Sulphur Springs has a median home price of $75,660, with tax bills ranging from $603 at the 25th percentile to $2,005 at the 90th percentile. Awareness of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sulphur Springs Assessed Value
$75,660
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 Sulphur Springs, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44881 | $6,080 | $41,060 | $75,660 | $94,450 | $136,660 |
Source: Ownwell
Property Tax Bills Across Sulphur Springs, Ohio
Property tax bills in Sulphur Springs, located in Crawford County, Ohio, are determined based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value, which is periodically evaluated by the county assessor. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Sulphur Springs, the median home price is $75,660, and property tax bills can vary significantly. At the 25th percentile, the tax bill is around $603, while at the 75th percentile, it rises to approximately $1,393. For those in the 90th percentile, the tax bill can reach as high as $2,005. The highest and lowest median tax bills in the area are both $852, indicating a relatively stable range within the specific zip code of 44881. Understanding these factors is crucial for homeowners, as property taxes contribute to local services and infrastructure, directly impacting community quality and home equity.
Average Sulphur Springs Tax Bill
$852
Average Crawford County Tax Bill
$1,141
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Sulphur Springs, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44881 | $93 | $603 | $852 | $1,393 | $2,005 |
Source: Ownwell