Ottawa, Ohio Property Taxes
The median property tax rate in Ottawa, OH is 1.59%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Ottawa at $46,450, the typical annual property tax bill amounts to $730, which is below the national median of $2,690. Property taxes in Ottawa are calculated based on the tax assessed value, often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Ottawa’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 Ottawa 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
Ottawa, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$739
Ownwell’s Ottawa Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Ottawa with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ottawa to provide an estimate of your property tax bill. This user-friendly tool offers a clear understanding of potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available further down the page. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Ottawa, Ohio
Property taxes in Ottawa, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ottawa is 1.59%, significantly higher than the U.S. national median of 0.99%. Local government entities within Ottawa set these rates annually, and they can vary across different neighborhoods. Each year, Ottawa 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. Understanding how Ottawa's property tax rate compares to other areas provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ottawa Tax Rate
1.59%
Average Wood County Tax Rate
1.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ottawa, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45875 | 1.57% | 1.58% | 1.59% | 1.61% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Ottawa, Ohio
In Ottawa, 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 Ottawa, 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 Ottawa helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 45875, with a median tax bill of $730.
Average Ottawa Assessed Value
$46,450
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 Ottawa, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45875 | $20,330 | $30,125 | $46,450 | $62,775 | $72,570 |
Source: Ownwell
Property Tax Bills Across Ottawa, Ohio
In Ottawa, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. Various factors influence the assessed value, including the home's size, location, and condition. Homeowners in Ottawa experience a range of property tax bills. For instance, the median home price is $46,450, and the tax bill varies significantly. The 25th percentile tax bill is $477, while the 75th percentile reaches $983, and the 90th percentile can go up to $1,135. These figures indicate that while some homeowners may pay relatively low property taxes, others could face higher bills depending on their property's assessed value. Comparatively, Ottawa's property tax rates can be contrasted with the national median property tax rate of 0.99%, highlighting the variability in tax burdens across different regions. This variability underscores the importance of understanding local property tax calculations and their impact on homeowners.
Average Ottawa Tax Bill
$730
Average Wood County Tax Bill
$2,615
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Ottawa, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45875 | $325 | $477 | $730 | $983 | $1,135 |
Source: Ownwell