Hicksville, Ohio Property Taxes
The median property tax rate in Hicksville, OH is 1.38%, which is notably higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $121,230, the typical annual property tax bill in Hicksville amounts to $1,685, falling below the national median of $2,690. Property taxes in Hicksville are determined based on the tax assessed value, which is usually less than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Hicksville's property tax system, exploring available exemptions, and identifying potential reductions can result in significant annual savings. Whether you're situated in the heart of Hicksville or another part of the city, familiarizing yourself with the local property tax landscape will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hicksville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$1,673
Ownwell’s Hicksville Property Tax Bill Calculator provides homeowners, real estate investors, and potential buyers with an easy way to estimate their annual property taxes in Hicksville. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Hicksville to give you an accurate estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities, making it easier to plan your finances. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Hicksville, Ohio
Property taxes in Hicksville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hicksville is 1.38%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Hicksville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hicksville 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 Hicksville's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 43526 has the highest median property tax rate of 1.38%, while the same zip code also has the lowest median tax rate of 1.38%. Understanding how these areas compare with Hicksville provides valuable insights into the varying tax landscape across Defiance County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hicksville Tax Rate
1.38%
Average Defiance County Tax Rate
1.30%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hicksville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43526 | 1.06% | 1.23% | 1.38% | 1.53% | 1.56% |
Source: Ownwell
Property Tax Assessment Values Across Hicksville, Ohio
In Hicksville, 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 Defiance County Auditor 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 Hicksville, 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 Hicksville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,685 in the 43526 zip code, while the lowest median tax bill is also $1,685 in the same zip code.
Average Hicksville Assessed Value
$121,230
Average Defiance County Assessed Value
$127,250
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hicksville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43526 | $11,524 | $76,050 | $121,230 | $175,655 | $287,716 |
Source: Ownwell
Property Tax Bills Across Hicksville, Ohio
In Hicksville, located in Defiance County, OH, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate. For comparison, the national median property tax rate is 0.99%. In Hicksville, the median home price is $121,230, influencing the overall tax bill significantly. Several factors contribute to the final tax bill, including property size, location, and any applicable exemptions. Homeowners in Hicksville can expect their property tax bills to vary widely. For instance, the 25th percentile tax bill is $1,149, while the 75th percentile reaches $2,377. At the higher end, the 90th percentile tax bill is $3,578. The median tax bill in the zip code 43526 stands at $1,685. These property tax bills impact homeowners by affecting their annual expenses, potentially influencing decisions on homeownership and financial planning. Understanding these factors helps residents manage their budgets more effectively.
Average Hicksville Tax Bill
$1,685
Average Defiance County Tax Bill
$1,657
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Hicksville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43526 | $530 | $1,149 | $1,685 | $2,377 | $3,578 |
Source: Ownwell