Curtice, Ohio Property Taxes
The median property tax rate in Curtice, OH is 1.78%, slightly below the Ohio state median of 1.80% but significantly higher than the national median of 0.99%. With a median home value of $174,690, the typical annual property tax bill in Curtice reaches $2,998, surpassing the national median of $2,690. Property taxes in Curtice are calculated based on the tax assessed value, which is usually lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Curtice'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 Curtice or another part of Ottawa County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Curtice, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.78%
Estimate Property Tax Bill
$3,109
Ownwell’s Curtice Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Curtice with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Curtice 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 Curtice, Ohio
Property taxes in Curtice, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Curtice is 1.78%, significantly higher than the U.S. national median of 0.99%. Local government entities within Curtice set these rates annually, and they can vary significantly across different neighborhoods. Each year, Curtice 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 Curtice's effective property tax rate to other areas in Ohio and the national median. For comparison, the 43412 zip code has the highest median property tax rate of 1.78%, while the same zip code also has the lowest median tax rate of 1.78%. Understanding how these cities compare with Curtice provides valuable insights into the varying tax landscape across Ottawa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Curtice Tax Rate
1.78%
Average Ottawa County Tax Rate
1.28%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Curtice, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43412 | 1.43% | 1.75% | 1.78% | 1.80% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Curtice, Ohio
In Curtice, 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 Ottawa 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 Curtice, 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 Curtice helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Curtice is $174,690, with tax bills ranging from $2,032 at the 25th percentile to $5,742 at the 90th percentile. The highest and lowest median tax bills are both $2,998 in zip code 43412.
Average Curtice Assessed Value
$174,690
Average Ottawa County Assessed Value
$131,980
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Curtice, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43412 | $81,614 | $121,420 | $174,690 | $254,430 | $325,736 |
Source: Ownwell
Property Tax Bills Across Curtice, Ohio
In Curtice, located in Ottawa County, OH, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor and represents a percentage of the property's market value. For instance, with a median home price of $174,690, the property tax rate is applied to this assessed value to determine the tax bill. Several factors influence the final tax bill, including the home's location, size, and any applicable exemptions. In Curtice, the 25th percentile tax bill is $2,032, while the 75th percentile tax bill reaches $4,382. For those in the 90th percentile, the tax bill can be as high as $5,742. These property taxes significantly impact homeowners, affecting their annual budgeting and potentially influencing their decisions on home improvements or even relocations. Compared to the national median property tax rate of 0.99%, Curtice's property tax bills reflect the local economic conditions and funding needs for public services such as schools and infrastructure.
Average Curtice Tax Bill
$2,998
Average Ottawa County Tax Bill
$1,848
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Curtice, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43412 | $1,405 | $2,032 | $2,998 | $4,382 | $5,742 |
Source: Ownwell