Tucson, Ohio Property Taxes
The median property tax rate in Tucson, OH is 2.12%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Tucson at $42,500, the typical annual property tax bill reaches $901, which is significantly lower than the national median of $2,690. Property taxes in Tucson are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Tucson'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 Tucson 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
Tucson, 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 Tucson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tucson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tucson 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 Tucson, Ohio
Property taxes in Tucson, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tucson is 2.12%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Tucson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tucson 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 Tucson's effective property tax rate to other counties in Ohio and the national median. For comparison, the 85711 zip code has the highest median property tax rate of 2.12%, while the same zip code also has the lowest median tax rate of 2.12%. Understanding how these cities compare with Tucson provides valuable insights into the varying tax landscape across Ashtabula County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Tucson Tax Rate
2.12%
Average Ashtabula County Tax Rate
1.74%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tucson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85711 | 2.12% | 2.12% | 2.12% | 2.12% | 2.12% |
Source: Ownwell
Property Tax Assessment Values Across Tucson, Ohio
In Tucson, 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 Ashtabula 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 Tucson, 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 Tucson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 85711 has the highest median tax bill at $901, while the lowest median tax bill is also $901 in the same zip code.
Average Tucson Assessed Value
$42,500
Average Ashtabula County Assessed Value
$74,100
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Tucson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85711 | $42,500 | $42,500 | $42,500 | $42,500 | $42,500 |
Source: Ownwell
Property Tax Bills Across Tucson, Ohio
In Tucson, property tax bills are calculated based on the assessed value of a property, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. Factors such as property location, size, and improvements can influence the assessed value. For homeowners in Ashtabula County, the median home price is $42,500, and the median tax bill is consistently $901 across various percentiles, indicating a stable tax environment. Comparatively, the national median property tax rate is 0.99%, so Tucson's property tax rate is relatively moderate. This stability in tax bills can provide homeowners with a predictable annual expense, making budgeting easier. However, it is crucial for homeowners to stay informed about any changes in local tax rates or assessment practices, as these can impact their overall financial planning. Understanding how property taxes are calculated helps homeowners anticipate costs and manage their finances effectively.
Average Tucson Tax Bill
$901
Average Ashtabula County Tax Bill
$1,299
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Tucson, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 85711 | $901 | $901 | $901 | $901 | $901 |
Source: Ownwell