Findlay, Ohio Property Taxes
The median property tax rate in Findlay, OH is 1.24%, which is higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With the median home value in Findlay at $155,830, the typical annual property tax bill amounts to $1,872, which is below the national median of $2,690. Property taxes in Findlay are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Findlay'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 Findlay 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
Findlay, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$1,932
Ownwell’s Findlay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Findlay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Findlay 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 Findlay, Ohio
Property taxes in Findlay, Ohio, are essential in funding crucial local services, such as public schools, road maintenance, and emergency services. The median tax rate in Findlay is 1.24%, notably higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Findlay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Findlay 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 Findlay's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45840 zip code has the highest median property tax rate of 1.24%, while the lowest median tax rate is also found in the 45840 zip code at 1.24%. Understanding how these areas compare with Findlay 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 Findlay Tax Rate
1.24%
Average Hancock County Tax Rate
1.24%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Findlay, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45840 | 1.05% | 1.22% | 1.24% | 1.26% | 1.27% |
Source: Ownwell
Property Tax Assessment Values Across Findlay, Ohio
In Findlay, 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 Findlay, 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 Findlay helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 45840 has both the highest and lowest median tax bills, each at $1,872, which offers a unique perspective on property tax consistency within the area.
Average Findlay Assessed Value
$155,830
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 Findlay, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45840 | $57,194 | $106,630 | $155,830 | $228,690 | $335,498 |
Source: Ownwell
Property Tax Bills Across Findlay, Ohio
In Findlay, Hancock County, OH, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is a percentage of the property's market value. For instance, with a median home price of $155,830, the assessed value would be a fraction of this amount, depending on local assessment ratios. The property tax rate is then applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including local tax rates and any applicable exemptions. Homeowners in Findlay can expect a range of tax bills, with the 25th percentile at $1,301 and the 75th percentile at $2,738. The tax bill can go as high as $3,983 for those in the 90th percentile. Comparing this to the national median property tax rate of 0.99%, Findlay's rates reflect the local economic conditions and funding needs for public services. These taxes significantly impact homeowners by contributing to the cost of owning a home in the area.
Average Findlay Tax Bill
$1,872
Average Hancock County Tax Bill
$1,839
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Findlay, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45840 | $773 | $1,301 | $1,872 | $2,738 | $3,983 |
Source: Ownwell