Ada, Ohio Property Taxes
The median property tax rate in Ada, OH is 1.19%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $163,050 in Ada, the typical annual property tax bill reaches $1,811, falling below the national median of $2,690. Property taxes in Ada are calculated based on the assessed value, which often falls below market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Ada'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 Ada or another part of Hancock County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ada, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,940
Ownwell’s ADA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ADA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ADA 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 Ada, Ohio
Property taxes in Ada, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ada is 1.19%, which is higher than the U.S. national median of 0.99%. Local government entities within Ada set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ada 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 Ada's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45810 zip code has the highest median property tax rate of 1.19%, while the same zip code also has the lowest median tax rate of 1.19%. Understanding how these cities compare with Ada provides valuable insights into the varying tax landscape across Hancock County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ada Tax Rate
1.19%
Average Hancock County Tax Rate
1.24%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ada, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45810 | 0.54% | 0.78% | 1.19% | 1.19% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Ada, Ohio
In Ada, 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 Hancock 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 Ada, 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. The median home price in Ada is $163,050, with tax bills ranging from $835 at the 25th percentile to $3,801 at the 90th percentile. The highest and lowest median tax bills are both $1,811 in the 45810 zip code. Being aware of these valuation processes in Ada helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ada Assessed Value
$163,050
Average Hancock County Assessed Value
$151,760
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ada, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45810 | $1,630 | $78,355 | $163,050 | $344,755 | $593,150 |
Source: Ownwell
Property Tax Bills Across Ada, Ohio
In ADA, located in Hancock County, OH, property tax bills are determined by assessing the value of a property and applying the local tax rate. The median home price in this area is $163,050. Property taxes are calculated by multiplying the assessed value of the property by the local tax rate. Factors such as the property’s assessed value, local tax rates, and any applicable exemptions influence the final tax bill. For homeowners, this means that properties on the lower end of the scale might see tax bills around the 25th percentile at $835, whereas those with higher-valued properties could face tax bills in the 75th percentile at $2,917 or even up to the 90th percentile at $3,801. The highest and lowest median tax bills in ADA both stand at $1,811, reflecting the localized consistency in tax assessments. Given that the national median property tax rate is 0.99%, ADA’s property tax rates can significantly impact homeowners’ annual expenses, making it essential for them to understand how these taxes are calculated.
Average Ada Tax Bill
$1,811
Average Hancock County Tax Bill
$1,839
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Ada, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45810 | $26 | $835 | $1,811 | $2,917 | $3,801 |
Source: Ownwell