Mark Center, Ohio Property Taxes
The median property tax rate in Mark Center, OH is 1.22%, 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 $93,940 in Mark Center, the typical annual property tax bill amounts to $1,128, which is below the national median of $2,690. Property taxes in Mark Center are calculated based on the assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural land. Gaining a thorough understanding of Mark Center'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 Mark Center or another part of Defiance County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mark Center, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$1,146
Ownwell’s Mark Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mark Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mark Center 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 Mark Center, Ohio
Property taxes in Mark Center, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mark Center is 1.22%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Mark Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mark Center 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 Mark Center's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43536 zip code has the highest median property tax rate of 1.22%, while the same zip code also has the lowest median tax rate of 1.22%. Understanding how these areas compare with Mark Center 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 Mark Center Tax Rate
1.22%
Average Defiance County Tax Rate
1.30%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mark Center, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43536 | 0.85% | 1.14% | 1.22% | 1.25% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Mark Center, Ohio
In Mark Center, 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 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 Mark Center, 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 Mark Center 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 $1,128 in the 43536 zip code, while the lowest is also $1,128 in the same zip code.
Average Mark Center Assessed Value
$93,940
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 Mark Center, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43536 | $3,710 | $45,810 | $93,940 | $155,090 | $319,722 |
Source: Ownwell
Property Tax Bills Across Mark Center, Ohio
In Mark Center, located in Defiance County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. The tax rate is then applied to this assessed value to calculate the tax bill. For homeowners in Mark Center, the median home price stands at $93,940. Several factors influence the property tax bill, including the property's location, size, and any applicable exemptions. The tax burden can vary significantly among homeowners. For instance, the 25th percentile tax bill is $582, while the 75th percentile tax bill is $1,841, and the 90th percentile tax bill reaches $3,628. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark to understand how local taxes stack up. These property taxes play a crucial role in funding local services such as schools, infrastructure, and emergency services, directly impacting homeowners and the community.
Average Mark Center Tax Bill
$1,128
Average Defiance County Tax Bill
$1,657
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Mark Center, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43536 | $67 | $582 | $1,128 | $1,841 | $3,628 |
Source: Ownwell