Tiro, Ohio Property Taxes
The median property tax rate in Tiro, Ohio is 1.35%, 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 $78,770 in Tiro, the typical annual property tax bill amounts to $984, which is below the national median of $2,690. Property taxes in Tiro are calculated based on the assessed value, which usually falls below the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Tiro's property tax system and exploring available exemptions can lead to substantial annual savings. Whether residing in Tiro or owning investment properties there, understanding the local property tax system is advantageous for homeowners and real estate investors alike.
Last Updated June 14, 2024
Tiro, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$1,063
Ownwell’s TIRO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in TIRO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in TIRO 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 Tiro, Ohio
Property taxes in Tiro, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tiro is 1.35%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Tiro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tiro 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 Tiro's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44887 zip code has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Tiro 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 Tiro Tax Rate
1.35%
Average Crawford County Tax Rate
1.54%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tiro, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44887 | 0.45% | 0.96% | 1.35% | 1.39% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Tiro, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Tiro, 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 Tiro, 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. For instance, the median home price in Tiro is $78,770, with tax bills ranging from $476 at the 25th percentile to $2,879 at the 90th percentile. The highest and lowest median tax bills are both $984 in the 44887 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tiro Assessed Value
$78,770
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 Tiro, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44887 | $11,850 | $41,060 | $78,770 | $164,310 | $449,550 |
Source: Ownwell
Property Tax Bills Across Tiro, Ohio
In TIRO, property tax bills are calculated based on the assessed value of a home, which is determined by the Crawford County assessor. The assessed value is typically a percentage of the home's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. The tax rate in this area is influenced by various factors, including local government budgets, school funding, and public services. For homeowners in TIRO, property taxes can vary significantly. For instance, the 25th percentile tax bill is $476, while the 75th percentile reaches $1,827. At the 90th percentile, homeowners could pay as much as $2,879 annually. Comparing these figures to the national median property tax rate of 0.99%, TIRO's property taxes can be seen as relatively moderate to high, depending on the specific property and its assessed value. These taxes play a crucial role in funding essential community services but can also impact household budgets significantly.
Average Tiro Tax Bill
$984
Average Crawford County Tax Bill
$1,141
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Tiro, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44887 | $160 | $476 | $984 | $1,827 | $2,879 |
Source: Ownwell