Quaker City, Ohio Property Taxes
The median property tax rate in Quaker City, OH is 1.02%, slightly higher than the national median of 0.99% but significantly lower than Ohio's state median of 1.80%. With a median home value of $75,155 in Quaker City, the typical annual property tax bill amounts to $752, which is well below the national median of $2,690. Property taxes in Quaker City are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Quaker City'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 Quaker City or another part of Monroe County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Quaker City, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$767
Ownwell’s Quaker City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Quaker City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Quaker City 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 Quaker City, Ohio
Property taxes in Quaker City, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Quaker City is 1.02%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Quaker City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Quaker City 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 Quaker City's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43773 zip code has the highest median property tax rate of 1.02%, while the same zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Quaker City provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Quaker City Tax Rate
1.02%
Average Monroe County Tax Rate
1.01%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Quaker City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43773 | 0.77% | 1.02% | 1.02% | 1.02% | 1.07% |
Source: Ownwell
Property Tax Assessment Values Across Quaker City, Ohio
In Quaker City, 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 Monroe 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 Quaker City, 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 Quaker City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 43773 has both the highest and lowest median tax bill at $752.
Average Quaker City Assessed Value
$75,155
Average Monroe County Assessed Value
$70,885
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Quaker City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43773 | $3,366 | $20,018 | $75,155 | $179,695 | $274,422 |
Source: Ownwell
Property Tax Bills Across Quaker City, Ohio
In Quaker City, Monroe County, OH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county's appraisal district. Monroe County's property tax rate is influenced by various factors, including local government budgets, school funding, and public services. For example, with a median home price of $75,155, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $226 annually, while those in the 75th percentile face a tax bill of about $1,815. The highest tax bills, such as those in the 90th percentile, can reach up to $2,420. These property taxes fund essential services like schools, emergency services, and infrastructure, directly impacting the quality of life in Quaker City. Compared to the national median property tax rate of 0.99%, Monroe County's rates reflect local economic conditions and community needs, ensuring that residents receive the necessary services and support.
Average Quaker City Tax Bill
$752
Average Monroe County Tax Bill
$677
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Quaker City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43773 | $34 | $226 | $752 | $1,815 | $2,420 |
Source: Ownwell