Macksburg, Ohio Property Taxes
The median property tax rate in Macksburg, OH is 2.00%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Macksburg at $81,170, the typical annual property tax bill reaches $1,580, which is below the national median of $2,690. Property taxes in Macksburg 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 Macksburg'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 Macksburg 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
Macksburg, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2%
Estimate Property Tax Bill
$1,623
Ownwell’s Macksburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Macksburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Macksburg 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 Macksburg, Ohio
Property taxes in Macksburg, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Macksburg is 1.11%, higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Macksburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Macksburg 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 Macksburg's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45746 zip code has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Macksburg provides valuable insights into the varying tax landscape across Noble County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Macksburg Tax Rate
2.00%
Average Noble County Tax Rate
1.86%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Macksburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45746 | 1.96% | 1.97% | 2.00% | 2.00% | 2.00% |
Source: Ownwell
Property Tax Assessment Values Across Macksburg, Ohio
In Macksburg, 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 Noble 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 Macksburg, 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. The median home price in Macksburg is $81,170, with annual tax bills ranging from $1,215 at the 25th percentile to $1,821 at the 90th percentile. The zip code 45746 has the highest and lowest median tax bill, both at $1,580. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Macksburg Assessed Value
$81,170
Average Noble County Assessed Value
$69,955
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Macksburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45746 | $50,266 | $61,855 | $81,170 | $87,585 | $91,434 |
Source: Ownwell
Property Tax Bills Across Macksburg, Ohio
In Macksburg, located in Noble County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The county's tax rate is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and market conditions play a significant role in determining the assessed value. For homeowners in Macksburg, the median home price is $81,170. The tax bills can vary significantly, with the 25th percentile at $1,215 and the 75th percentile at $1,730. The 90th percentile tax bill reaches up to $1,821. Comparatively, the national median property tax rate is 0.99%, which can give homeowners an idea of how their local rates stack up against the national average. Homeowners need to understand these calculations as they directly impact their annual expenses. Higher property values or changes in tax rates can lead to increased tax bills, affecting the overall cost of homeownership in Macksburg.
Average Macksburg Tax Bill
$1,580
Average Noble County Tax Bill
$1,279
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Macksburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45746 | $997 | $1,215 | $1,580 | $1,730 | $1,821 |
Source: Ownwell