Alger, Ohio Property Taxes
The median property tax rate in Alger, Ohio is 1.34%, considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Alger at $141,200, the typical annual property tax bill reaches $1,876, which is below the national median of $2,690. Property taxes in Alger are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Alger'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 Alger 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
Alger, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.34%
Estimate Property Tax Bill
$1,892
Ownwell’s Alger Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Alger with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alger to estimate your property tax bill. This valuable 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 Alger, Ohio
Property taxes in Alger, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alger is 1.34%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Alger set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alger 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 Alger's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45812 zip code has the highest median property tax rate of 1.34%, while the same zip code also has the lowest median tax rate of 1.34%. Understanding how these cities compare with Alger provides valuable insights into the varying tax landscape across Allen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alger Tax Rate
1.34%
Average Allen County Tax Rate
1.57%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alger, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45812 | 1.33% | 1.33% | 1.34% | 1.35% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Alger, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Alger, Ohio. The market value represents 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 Allen 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 Alger, 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. For instance, the median home price in Alger is $141,200, with tax bills ranging from $1,463 at the 25th percentile to $2,473 at the 90th percentile. The highest median tax bill is $1,876 in the zip code 45812. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. This awareness helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Alger Assessed Value
$141,200
Average Allen County Assessed Value
$103,100
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alger, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45812 | $95,860 | $109,600 | $141,200 | $168,675 | $184,050 |
Source: Ownwell
Property Tax Bills Across Alger, Ohio
In Alger, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value. For example, with a median home price of $141,200, the assessed value would be a fraction of this amount, subject to local assessment ratios. The final tax bill is influenced by the local tax rate, which varies within Allen County. Homeowners in Alger can expect property tax bills that range widely, with the 25th percentile paying around $1,463 and the 75th percentile paying up to $2,257. At the 90th percentile, tax bills can reach as high as $2,473. This variation is due to differences in property values and applicable exemptions. Compared to the national median property tax rate of 0.99%, the property taxes in Alger can significantly affect homeowners, impacting their annual expenses and overall affordability of homeownership. Understanding these factors is crucial for budgeting and financial planning.
Average Alger Tax Bill
$1,876
Average Allen County Tax Bill
$1,550
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Alger, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45812 | $1,108 | $1,463 | $1,876 | $2,257 | $2,473 |
Source: Ownwell