Paulding, Ohio Property Taxes
The median property tax rate in Paulding, OH is 1.32%, which is significantly higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $91,100 in Paulding, the typical annual property tax bill amounts to $1,240, falling below the national median of $2,690. Property taxes in Paulding are determined based on the tax assessed value, which is often less than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Paulding's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Paulding or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Paulding, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Paulding Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Paulding with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Paulding 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 Paulding, Ohio
Property taxes in Paulding, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Paulding is 1.32%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Paulding set these rates annually, and they can vary significantly across different neighborhoods. Each year, Paulding 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 Paulding's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45879 zip code has the highest median property tax rate of 1.32%, while the 45879 zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Paulding 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 Paulding Tax Rate
1.32%
Average Paulding County Tax Rate
1.21%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Paulding, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45879 | 0.99% | 1.16% | 1.32% | 1.57% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Paulding, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Paulding, Ohio. 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 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 Paulding, 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. For instance, the zip code 45879 has the highest median tax bill of $1,240, while the same zip code also represents the lowest median tax bill of $1,240. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Paulding Assessed Value
$91,100
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 Paulding, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45879 | $22,420 | $60,750 | $91,100 | $128,950 | $182,680 |
Source: Ownwell
Property Tax Bills Across Paulding, Ohio
In Paulding, OH, property tax bills are determined by assessing the value of a property and applying the local tax rate to that assessed value. The median home price in Paulding stands at $91,100, and the local property tax rate is applied to this value to calculate the annual tax bill. Several factors influence the tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. Homeowners in Paulding can expect their tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $819, while at the 75th percentile, it rises to $1,743. At the 90th percentile, it can reach up to $2,403. These variations highlight the impact of different property values and potential exemptions on the overall tax burden. Compared to the national median property tax rate of 0.99%, Paulding’s property tax bills reflect a range that can significantly influence homeowners' financial planning and long-term investment in their properties.
Average Paulding Tax Bill
$1,240
Average Paulding County Tax Bill
$1,158
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Paulding, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45879 | $388 | $819 | $1,240 | $1,743 | $2,403 |
Source: Ownwell