Howard, Ohio Property Taxes
The median property tax rate in Howard, OH is 2.02%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Howard at $163,770, the typical annual property tax bill reaches $3,127, exceeding the national median of $2,690. Property taxes in Howard 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 Howard'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 Howard 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
Howard, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.02%
Estimate Property Tax Bill
$3,308
Ownwell's Howard Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Howard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Howard to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Howard, Ohio
Property taxes in Howard, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Howard is 2.02%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Howard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Howard 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 Howard's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43028 has the highest median property tax rate of 2.02%, while the same zip code has the lowest median tax rate of 2.02%. Understanding how these cities compare with Howard provides valuable insights into the varying tax landscape across Knox County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Howard Tax Rate
2.02%
Average Knox County Tax Rate
1.84%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Howard, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43028 | 1.63% | 1.85% | 2.02% | 2.06% | 2.08% |
Source: Ownwell
Property Tax Assessment Values Across Howard, Ohio
In Howard, 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 Knox 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 Howard, 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 Howard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Howard are both $3,127, found in zip code 43028.
Average Howard Assessed Value
$163,770
Average Knox County Assessed Value
$133,520
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Howard, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43028 | $71,740 | $114,270 | $163,770 | $233,770 | $454,372 |
Source: Ownwell
Property Tax Bills Across Howard, Ohio
In Howard, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by the Knox County Assessor's Office. The assessed value is a percentage of the market value, and this percentage can vary but typically hovers around 35% in Ohio. Once the assessed value is established, the local tax rate is applied. In Howard, the tax rate is influenced by multiple factors, including school district levies, city services, and county needs, which all contribute to the final tax bill. For homeowners in Howard, the median home price is $163,770. Property tax bills can vary significantly; at the 25th percentile, homeowners might pay around $2,176, while at the 75th percentile, the tax bill could rise to approximately $4,424. At the 90th percentile, it can even reach up to $8,661. These variations highlight the impact of property values and local tax rates on homeowners, emphasizing the importance of understanding how these factors contribute to the overall tax burden.
Average Howard Tax Bill
$3,127
Average Knox County Tax Bill
$2,431
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Howard, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43028 | $1,377 | $2,176 | $3,127 | $4,424 | $8,661 |
Source: Ownwell