Barlow, Ohio Property Taxes
The median property tax rate in Barlow, OH is 1.44%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $73,590 in Barlow, the typical annual property tax bill amounts to $1,060, falling below the national median of $2,690. Property taxes in Barlow are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Barlow's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Barlow or another part of Washington County, gaining insights into the local property tax system can be highly beneficial.
Last Updated June 14, 2024
Barlow, 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 Barlow Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Barlow with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Barlow 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 Barlow, Ohio
Property taxes in Barlow, Ohio, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Barlow is 1.44%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Barlow set these rates annually, and they can vary significantly across different neighborhoods. Each year, Barlow 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 Barlow's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45712 zip code has the highest median property tax rate of 1.44%, while the 45712 zip code also has the lowest median tax rate of 1.44%. Understanding how these cities compare with Barlow provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Barlow Tax Rate
1.44%
Average Washington County Tax Rate
1.22%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Barlow, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45712 | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Barlow, Ohio
In Barlow, 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 Washington 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 Barlow, 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 Barlow helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bills in Barlow is 45712, with a median tax bill of $1,060.
Average Barlow Assessed Value
$73,590
Average Washington County Assessed Value
$106,255
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Barlow, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45712 | $73,590 | $73,590 | $73,590 | $73,590 | $73,590 |
Source: Ownwell
Property Tax Bills Across Barlow, Ohio
In Barlow, Washington County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Barlow face a median property tax rate of 1.44%, which is higher than the national median of 0.99%. For a median home price of $73,590, this results in an annual property tax bill around $1,060. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. The assessed value is multiplied by the local tax rate to determine the total tax bill. This higher-than-average tax rate means that homeowners in Barlow may pay more in property taxes compared to other regions, impacting their overall housing costs. Understanding these factors can help homeowners better anticipate their annual expenses and plan accordingly.
Average Barlow Tax Bill
$1,060
Average Washington County Tax Bill
$1,235
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Barlow, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45712 | $1,060 | $1,060 | $1,060 | $1,060 | $1,060 |
Source: Ownwell