Clyde, Ohio Property Taxes
The median property tax rate in Clyde, OH is 1.40%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $116,200 in Clyde, the typical annual property tax bill amounts to $1,586, falling below the national median of $2,690. Property taxes in Clyde are calculated based on the assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Clyde's property tax system, exploring available exemptions, and finding opportunities for reductions, homeowners can achieve substantial annual savings. Whether you're in the heart of Clyde or another part of the city, a comprehensive grasp of the local property tax system benefits both homeowners and real estate investors alike.
Last Updated June 14, 2024
Clyde, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$1,627
Ownwell’s Clyde Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Clyde with just two key data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Clyde to approximate your property tax bill, providing a clear understanding of potential tax obligations. This valuable tool helps you navigate the complexities of property taxes with ease. For those interested in more granular insights, you can explore trends at the neighborhood level by scrolling down for localized information. Remember, your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Clyde, Ohio
Property taxes in Clyde, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clyde is 1.40%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Clyde set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clyde 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 Clyde's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43410 zip code has both the highest and lowest median property tax rate of 1.40%. Understanding how these cities compare with Clyde provides valuable insights into the varying tax landscape across Sandusky County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clyde Tax Rate
1.40%
Average Sandusky County Tax Rate
1.42%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clyde, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43410 | 1.09% | 1.39% | 1.40% | 1.44% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Clyde, Ohio
In Clyde, 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 Sandusky 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 Clyde, 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. The median home price in Clyde is $116,200. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The zip code 43410 has the highest and lowest median tax bill at $1,586. Being aware of these valuation processes in Clyde helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clyde Assessed Value
$116,200
Average Sandusky County Assessed Value
$110,300
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clyde, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43410 | $56,840 | $83,200 | $116,200 | $163,000 | $214,580 |
Source: Ownwell
Property Tax Bills Across Clyde, Ohio
In Clyde, located in Sandusky County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For a median home priced at $116,200, the tax bill can vary significantly. At the 25th percentile, homeowners might pay around $1,114, while at the 75th percentile, it could rise to $2,260. For those at the 90th percentile, the tax bill could reach as high as $3,028. These figures are influenced by local tax rates and the specific assessed value assigned to each property. The highest median tax bill in the area is $1,586, which reflects the local tax environment and the valuation methods used. This is notably higher than the national median property tax rate of 0.99%, indicating that homeowners in Clyde may face relatively higher property taxes compared to other regions. Understanding these factors can help homeowners anticipate their tax liabilities and plan their finances accordingly.
Average Clyde Tax Bill
$1,586
Average Sandusky County Tax Bill
$1,549
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Clyde, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43410 | $726 | $1,114 | $1,586 | $2,260 | $3,028 |
Source: Ownwell