Kalida, Ohio Property Taxes
The median property tax rate in Kalida, OH is 1.27%, higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $157,170 in Kalida, the typical annual property tax bill amounts to $1,962, which is below the national median of $2,690. Property taxes in Kalida are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Kalida'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 Kalida or another part of Putnam County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kalida, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.27%
Estimate Property Tax Bill
$1,996
Ownwell’s Kalida Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kalida with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kalida 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 Kalida, Ohio
Property taxes in Kalida, Ohio, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Kalida is 1.27%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Kalida set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kalida 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 Kalida's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45853 zip code has the highest median property tax rate of 1.27%, while the same zip code has the lowest median tax rate of 1.27%. Understanding how these cities compare with Kalida provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kalida Tax Rate
1.27%
Average Putnam County Tax Rate
1.30%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kalida, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45853 | 1.13% | 1.26% | 1.27% | 1.28% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Kalida, Ohio
In Kalida, 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 Putnam 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 Kalida, 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 Kalida helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Kalida is $157,170, with the highest median tax bill at $1,962 in zip code 45853.
Average Kalida Assessed Value
$157,170
Average Putnam County Assessed Value
$132,830
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kalida, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45853 | $71,200 | $103,485 | $157,170 | $238,555 | $375,032 |
Source: Ownwell
Property Tax Bills Across Kalida, Ohio
In Kalida, located in Putnam County, OH, property tax bills are calculated based on the assessed value of the home, which is determined by the county assessor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to determine the tax bill. The median home price in Kalida is $157,170, and the median property tax rate in the area is reflective of the national median rate of 0.99%. Factors that influence the tax bill include the property's assessed value, the local tax rate, and any applicable exemptions or deductions. For example, homeowners in Kalida might see tax bills ranging from $1,293 at the 25th percentile to $3,012 at the 75th percentile, with the 90th percentile reaching up to $4,738. These variations can significantly impact homeowners, influencing their annual financial planning and the overall affordability of owning property in the area. The highest and lowest median tax bills in the region both stand at $1,962, indicating a relatively consistent tax environment.
Average Kalida Tax Bill
$1,962
Average Putnam County Tax Bill
$1,712
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Kalida, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45853 | $926 | $1,293 | $1,962 | $3,012 | $4,738 |
Source: Ownwell