Delphos, Ohio Property Taxes
The median property tax rate in Delphos, OH is 1.40%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $93,860 in Delphos, the typical annual property tax bill amounts to $1,315, which is below the national median of $2,690. Property taxes in Delphos are determined based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Navigating Delphos's property tax system, exploring available exemptions, and finding opportunities for reductions can result in substantial annual savings. Whether you reside in the heart of Delphos or another part of Van Wert County, gaining a thorough understanding of the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Delphos, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$1,314
Ownwell’s Delphos Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Delphos with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Delphos 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 Delphos, Ohio
Property taxes in Delphos, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Delphos is 1.40%, significantly higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Delphos set these rates annually, and they can vary significantly across different neighborhoods. Each year, Delphos 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 Delphos's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45833 zip code has both the highest and lowest median property tax rate of 1.40%. Understanding how these cities compare with Delphos provides valuable insights into the varying tax landscape across Van Wert County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Delphos Tax Rate
1.40%
Average Van Wert County Tax Rate
1.51%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Delphos, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45833 | 1.11% | 1.28% | 1.40% | 1.47% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Delphos, Ohio
In Delphos, 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 Van Wert 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 Delphos, 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 Delphos helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 45833 has both the highest and lowest median tax bill at $1,315, highlighting the uniformity in property tax distribution within the area.
Average Delphos Assessed Value
$93,860
Average Van Wert County Assessed Value
$87,060
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Delphos, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45833 | $52,477 | $71,725 | $93,860 | $137,535 | $200,495 |
Source: Ownwell
Property Tax Bills Across Delphos, Ohio
In Delphos, Ohio, located in Van Wert County, property tax bills are calculated based on the assessed value of your home, which is a percentage of its market value. The median home price in Delphos is $93,860. Local tax authorities apply a specific tax rate to this assessed value to determine your annual property tax bill. Homeowners in Delphos can expect to pay between $977 (25th percentile) and $1,858 (75th percentile) in property taxes annually, with the 90th percentile reaching up to $2,635. Factors influencing these calculations include the market value of the property, local tax rates, and any applicable exemptions or deductions. For instance, the highest median tax bill in the area is $1,315, found in the 45833 zip code. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners. Compared to the national median property tax rate of 0.99%, Delphos offers a relatively moderate tax burden, making it an appealing choice for homeowners.
Average Delphos Tax Bill
$1,315
Average Van Wert County Tax Bill
$1,320
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Delphos, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45833 | $706 | $977 | $1,315 | $1,858 | $2,635 |
Source: Ownwell