Convoy, Ohio Property Taxes
The median property tax rate in Convoy, OH is 1.10%, slightly higher than the national median of 0.99%, but lower than Ohio's state median of 1.80%. With a median home value of $156,550 in Convoy, the typical annual property tax bill amounts to $1,724, which is below the national median of $2,690. Property taxes in Convoy are calculated based on the assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Gaining a thorough understanding of Convoy'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 Convoy 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
Convoy, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.1%
Estimate Property Tax Bill
$1,722
Ownwell’s Convoy Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Convoy with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Convoy to provide an accurate property tax bill estimate. This valuable tool helps you understand potential tax liabilities. For those interested in more granular details, you can explore neighborhood-level trends further down the page. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Convoy, Ohio
Property taxes in Convoy, Ohio, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Convoy is 1.10%, which is higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Convoy set these rates annually, leading to significant variations across different neighborhoods. Each year, Convoy 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 Convoy's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45832 zip code has the highest median property tax rate of 1.10%, while the same zip code also has the lowest median tax rate of 1.10%. Understanding how these cities compare with Convoy provides valuable insights into the varying tax landscape across Paulding County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Convoy Tax Rate
1.10%
Average Paulding County Tax Rate
1.21%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Convoy, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45832 | 0.89% | 1.05% | 1.10% | 1.11% | 1.12% |
Source: Ownwell
Property Tax Assessment Values Across Convoy, Ohio
In Convoy, 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 Paulding 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 Convoy, 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 Convoy 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 $1,724 in zip code 45832, which is notably higher than the national median property tax rate of 0.99%.
Average Convoy Assessed Value
$156,550
Average Paulding County Assessed Value
$87,500
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Convoy, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45832 | $63,050 | $102,525 | $156,550 | $176,525 | $293,650 |
Source: Ownwell
Property Tax Bills Across Convoy, Ohio
In Convoy, located in Paulding County, OH, property tax bills are calculated based on the assessed value of the property and the applicable tax rate. The assessed value is typically a percentage of the market value of the home, which is determined by the county assessor. For instance, if the median home price in Convoy is $156,550, the assessed value would be a fraction of this amount, subject to local assessment rules. The tax bill is then calculated by applying the local property tax rate to the assessed value. Homeowners in Convoy can expect a range of tax bills depending on their property's value. For example, the 25th percentile tax bill is around $913, while the 75th percentile reaches up to $1,950. At the higher end, the 90th percentile tax bill can be as much as $3,094. These property taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Convoy's tax rates offer an insightful perspective on how local taxation impacts homeowners differently across various regions.
Average Convoy Tax Bill
$1,724
Average Paulding County Tax Bill
$1,158
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Convoy, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45832 | $555 | $913 | $1,724 | $1,950 | $3,094 |
Source: Ownwell