Ashland, Ohio Property Taxes
The median property tax rate in Ashland, OH is 1.53%, notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $109,650 in Ashland, the typical annual property tax bill reaches $1,550, which is below the national median of $2,690. Property taxes in Ashland are calculated based on the assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Ashland'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 Ashland 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
Ashland, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$1,678
Ownwell’s Ashland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ashland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ashland 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 Ashland, Ohio
Property taxes in Ashland, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashland is 1.53%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Ashland set these rates annually, and they can vary across different neighborhoods. Each year, Ashland 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 Ashland's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 44805 has the highest median property tax rate of 1.53%, while the same zip code also has the lowest median tax rate of 1.53%. Understanding how these cities compare with Ashland provides valuable insights into the varying tax landscape across Ashland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashland Tax Rate
1.53%
Average Ashland County Tax Rate
1.52%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashland, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44805 | 1.16% | 1.33% | 1.53% | 1.57% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Ashland, Ohio
In Ashland, 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 Ashland 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. Assessment notices in Ashland 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 Ashland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1550 in the 44805 zip code, while the lowest median tax bill is also $1550 in the same zip code.
Average Ashland Assessed Value
$109,650
Average Ashland County Assessed Value
$108,690
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashland, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44805 | $33,052 | $68,320 | $109,650 | $157,160 | $212,362 |
Source: Ownwell
Property Tax Bills Across Ashland, Ohio
In Ashland, OH, 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 homeowners in Ashland, the median home price stands at $109,650. The tax rate is then applied to this assessed value to calculate the annual property tax bill. Several factors influence the final tax bill, including the property's location within Ashland County, local tax levies, and any applicable exemptions or deductions. For instance, the 25th percentile of tax bills is around $968, indicating that lower-valued properties or those with more exemptions pay less. Conversely, the 90th percentile reaches up to $3,121, reflecting higher-valued properties or fewer exemptions. Homeowners in Ashland should be aware that their property tax bills can significantly impact their annual budgets. Comparing these figures to the national median property tax rate of 0.99% helps illustrate the local tax burden and its effects on financial planning for residents.
Average Ashland Tax Bill
$1,550
Average Ashland County Tax Bill
$1,522
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashland, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44805 | $414 | $968 | $1,550 | $2,278 | $3,121 |
Source: Ownwell