Gordon, Ohio Property Taxes
The median property tax rate in Gordon, OH is 1.53%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Gordon at $83,000, the typical annual property tax bill reaches $1,238, which exceeds the national median of $2,690. Property taxes in Gordon 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 Gordon'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 Gordon 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
Gordon, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$1,270
Ownwell’s Gordon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gordon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gordon 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 Gordon, Ohio
Property taxes in Gordon, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gordon is 1.53%, significantly higher than the U.S. national median of 0.99%. Local government entities within Gordon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gordon 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 Gordon's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45304 has both the highest and lowest median property tax rate of 1.53%. Understanding how these cities compare with Gordon provides valuable insights into the varying tax landscape across Darke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gordon Tax Rate
1.53%
Average Darke County Tax Rate
1.34%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gordon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45304 | 1.11% | 1.43% | 1.53% | 1.57% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Gordon, Ohio
In Gordon, 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 local 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 Gordon, 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 Gordon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 45304, amounting to $1,238, while the lowest is also 45304, with the same value.
Average Gordon Assessed Value
$83,000
Average Darke County Assessed Value
$110,800
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gordon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45304 | $44,262 | $64,245 | $83,000 | $108,240 | $145,066 |
Source: Ownwell
Property Tax Bills Across Gordon, Ohio
In Gordon, located in Darke County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the property's market value. Homeowners in Gordon face a median property tax rate that is influenced by various factors, including local government budgets, school district funding needs, and public services. For a home with a median market price of $83,000, the property tax bill can vary significantly. At the 25th percentile, homeowners might pay around $869 annually, while those at the 75th percentile could see bills as high as $1,565. The top 10% of property tax bills reach approximately $2,215. This variation reflects differences in property values and specific local tax rates within the county. Comparatively, the national median property tax rate is 0.99%, making Gordon's property taxes relatively moderate. These taxes are crucial for funding essential community services, such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Gordon Tax Bill
$1,238
Average Darke County Tax Bill
$1,406
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Gordon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45304 | $584 | $869 | $1,238 | $1,565 | $2,215 |
Source: Ownwell