Bradner, Ohio Property Taxes
The median property tax rate in Bradner, OH is 1.60%, 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 $83,150, the typical annual property tax bill in Bradner reaches $1,245, falling below the national median of $2,690. Property taxes in Bradner are calculated based on the assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Bradner's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Bradner or another part of Wood County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bradner, 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 Bradner Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bradner with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bradner 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 Bradner, Ohio
Property taxes in Bradner, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bradner is 1.60%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Bradner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bradner 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 Bradner's effective property tax rate to other areas in Ohio and the national median. For comparison, the 43406 zip code has the highest median property tax rate of 1.60%, while the same zip code also has the lowest median tax rate of 1.60%. Understanding how these areas compare with Bradner provides valuable insights into the varying tax landscape across Wood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bradner Tax Rate
1.60%
Average Wood County Tax Rate
1.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bradner, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43406 | 1.26% | 1.43% | 1.60% | 1.63% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Bradner, Ohio
In Bradner, 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 Wood 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 Bradner, 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 Bradner is $83,150, with tax bills ranging from $209 at the 25th percentile to $3,013 at the 90th percentile. The highest and lowest median tax bills are both $1,245, found in the 43406 zip code. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bradner Assessed Value
$83,150
Average Wood County Assessed Value
$163,900
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bradner, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43406 | $6,690 | $13,150 | $83,150 | $136,650 | $213,420 |
Source: Ownwell
Property Tax Bills Across Bradner, Ohio
In Bradner, Wood 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 property's market value. Homeowners in Bradner can expect their tax bills to fall within a wide range, with the 25th percentile at $209 and the 90th percentile reaching up to $3,013. The median home price in Bradner is $83,150, and the property tax rate in the area is reflective of the state's regulations. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. These taxes fund essential public services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Bradner's property tax rates may vary, impacting homeowners differently based on their property's assessed value. Understanding these factors helps homeowners anticipate their annual tax obligations and budget accordingly.
Average Bradner Tax Bill
$1,245
Average Wood County Tax Bill
$2,615
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bradner, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43406 | $104 | $209 | $1,245 | $1,993 | $3,013 |
Source: Ownwell