La Rue, Ohio Property Taxes
The median property tax rate in LA RUE, OH is 1.58%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $109,185 in LA RUE, the typical annual property tax bill amounts to $1,686, falling below the national median of $2,690. Property taxes in LA RUE are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding LA RUE'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 LA RUE or another part of Marion County, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
La Rue, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$1,725
Ownwell’s LA RUE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA RUE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA RUE 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 La Rue, Ohio
Property taxes in LA RUE, Ohio, are crucial for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in LA RUE is 1.58%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within LA RUE set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA RUE 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 LA RUE's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43332 zip code has the highest median property tax rate of 1.58%, while the same zip code also has the lowest median tax rate of 1.58%. Understanding how these cities compare with LA RUE provides valuable insights into the varying tax landscape across Marion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average La Rue Tax Rate
1.58%
Average Marion County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Rue, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43332 | 1.16% | 1.46% | 1.58% | 1.80% | 1.85% |
Source: Ownwell
Property Tax Assessment Values Across La Rue, Ohio
In LA RUE, 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 Marion 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 LA RUE, 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 LA RUE 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 $1686 in zip code 43332, while the lowest is also $1686 in the same zip code, reflecting a consistent tax rate across the region.
Average La Rue Assessed Value
$109,185
Average Marion County Assessed Value
$101,515
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across La Rue, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43332 | $22,448 | $61,342 | $109,185 | $173,120 | $260,015 |
Source: Ownwell
Property Tax Bills Across La Rue, Ohio
Property tax bills in La Rue, located in Marion County, OH, are calculated based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In La Rue, the tax bills can vary significantly. For instance, homeowners in the 25th percentile pay around $1,055 annually, while those in the 75th percentile face tax bills of approximately $2,619. At the higher end, the 90th percentile tax bills reach up to $3,982. These figures indicate a range that can significantly impact homeowners' finances, especially when compared to the national median property tax rate of 0.99%. Understanding these factors is crucial for homeowners in La Rue, as property taxes can influence decisions about purchasing, selling, or investing in property. The highest and lowest median tax bills in the area both stand at $1,686, highlighting the relative uniformity in certain parts of the region.
Average La Rue Tax Bill
$1,686
Average Marion County Tax Bill
$1,434
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across La Rue, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43332 | $448 | $1,055 | $1,686 | $2,619 | $3,982 |
Source: Ownwell