Fletcher, Ohio Property Taxes
The median property tax rate in Fletcher, OH is 1.11%, slightly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $169,170 in Fletcher, the typical annual property tax bill is around $1,875, which is less than the national median of $2,690. Property taxes in Fletcher are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Fletcher'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 Fletcher 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
Fletcher, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,878
Ownwell’s Fletcher Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fletcher with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fletcher 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 Fletcher, Ohio
Property taxes in Fletcher, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fletcher is 1.11%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Fletcher set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fletcher 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 Fletcher's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45326 zip code has the highest median property tax rate of 1.11%, while the same zip code also has the lowest median tax rate of 1.11%. Understanding how these cities compare with Fletcher provides valuable insights into the varying tax landscape across Shelby County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fletcher Tax Rate
1.11%
Average Shelby County Tax Rate
1.56%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fletcher, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45326 | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Fletcher, Ohio
In Fletcher, 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 Shelby 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 Fletcher, 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 Fletcher helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in Fletcher is $1,875, with the zip code 45326 having the highest and lowest median tax bills at $1,875.
Average Fletcher Assessed Value
$169,170
Average Shelby County Assessed Value
$119,350
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fletcher, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45326 | $169,170 | $169,170 | $169,170 | $169,170 | $169,170 |
Source: Ownwell
Property Tax Bills Across Fletcher, Ohio
In Fletcher, located in Shelby County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and typically represents a percentage of the property's market value. For homeowners in Fletcher, the median home price is $169,170. Property taxes in Fletcher are influenced by several factors, including local tax rates and any applicable exemptions or deductions. The median property tax bill in Fletcher is $1,875, which is significantly higher than the national median property tax rate of 0.99%. This higher tax bill can impact homeowners by increasing their annual housing costs, potentially affecting their overall financial planning and budgeting. The consistency in tax bills, with the 25th, 75th, and 90th percentiles all at $1,875, indicates a relatively uniform assessment process within the area. Homeowners should be aware of these factors as they can influence their long-term investment in property and overall cost of homeownership.
Average Fletcher Tax Bill
$1,875
Average Shelby County Tax Bill
$1,867
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Fletcher, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45326 | $1,875 | $1,875 | $1,875 | $1,875 | $1,875 |
Source: Ownwell