Quaker City, Ohio Property Taxes
The median property tax rate in Quaker City, OH is 1.62%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $71,455 in Quaker City, the typical annual property tax bill amounts to $1,155, still 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 the city, 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
1.62%
Estimate Property Tax Bill
$1,158
Ownwell’s Quaker City Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers looking to estimate their annual property taxes in Quaker City. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Quaker City to provide an estimated property tax bill. This feature offers a clear understanding of potential tax liabilities, helping you make informed decisions. For those interested in more detailed trends, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Quaker City, Ohio
Property taxes in Quaker City, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Quaker City is 1.62%, significantly higher than 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 areas in Ohio and the national median. For comparison, the 43779 zip code has the highest median property tax rate of 1.63%, while the 43773 zip code has the lowest median tax rate of 1.62%. Understanding how these areas compare with Quaker City 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 Quaker City Tax Rate
1.62%
Average Noble County Tax Rate
1.86%
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 | 1.62% | 1.62% | 1.62% | 1.62% | 1.62% |
| 43779 | 1.63% | 1.63% | 1.63% | 1.63% | 1.63% |
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 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 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. In Noble County, the zip code with the highest median tax bill is 43773 at $1,163, while the lowest is 43779 at $771.
Average Quaker City Assessed Value
$71,455
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 Quaker City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43773 | $16,100 | $32,530 | $71,940 | $121,825 | $158,860 |
| 43779 | $47,170 | $47,170 | $47,170 | $47,170 | $47,170 |
Source: Ownwell
Property Tax Bills Across Quaker City, Ohio
In Quaker City, Noble County, OH, property tax bills are calculated based on the assessed value of the home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $71,455, homeowners can expect varying tax bills depending on their property's assessed value and the applicable tax rate. Factors influencing the tax bill include the property's location within different parts of Noble County, as tax rates can vary. Homeowners in the zip code 43773, for example, face the highest median tax bill at $1,163, while those in zip code 43779 encounter a lower median tax bill of $771. Tax bills also fluctuate within the city, with the 25th percentile at $531 and the 90th percentile reaching $2,561. Compared to the national median property tax rate of 0.99%, Quaker City's tax rates can significantly impact homeowners, influencing their overall housing costs and financial planning.
Average Quaker City Tax Bill
$1,155
Average Noble County Tax Bill
$1,279
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 | $260 | $529 | $1,163 | $1,970 | $2,576 |
| 43779 | $771 | $771 | $771 | $771 | $771 |
Source: Ownwell