Waynesfield, Ohio Property Taxes
The median property tax rate in Waynesfield, OH is 1.76%, which is significantly higher than the national median of 0.99%, but slightly lower than the Ohio state median of 1.80%. With the median home value in Waynesfield at $98,680, the typical annual property tax bill amounts to $1,656, which is below the national median of $2,690. Property taxes in Waynesfield are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Waynesfield'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 Waynesfield or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Waynesfield, 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 Waynesfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Waynesfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Waynesfield 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 Waynesfield, Ohio
Property taxes in Waynesfield, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Waynesfield is 1.76%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Waynesfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Waynesfield 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 Waynesfield's effective property tax rate to other counties in Ohio and the national median. For comparison, the ZIP code 45896 has the highest median property tax rate of 1.76%, while the same ZIP code also has the lowest median tax rate of 1.76%. Understanding how these cities compare with Waynesfield provides valuable insights into the varying tax landscape across Auglaize County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Waynesfield Tax Rate
1.76%
Average Auglaize County Tax Rate
1.86%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Waynesfield, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45896 | 1.53% | 1.62% | 1.76% | 1.97% | 2.19% |
Source: Ownwell
Property Tax Assessment Values Across Waynesfield, Ohio
In Waynesfield, 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 Auglaize 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 Waynesfield, 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 Waynesfield is $98,680. The tax bills vary significantly, with the 25th percentile at $543 and the 75th percentile at $2,721. The 90th percentile tax bill reaches up to $4,147. 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 Waynesfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Waynesfield Assessed Value
$98,680
Average Auglaize County Assessed Value
$135,635
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Waynesfield, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45896 | $3,208 | $27,745 | $98,680 | $161,665 | $240,426 |
Source: Ownwell
Property Tax Bills Across Waynesfield, Ohio
In Waynesfield, located in Auglaize County, OH, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. Factors such as property size, location, and condition play a crucial role in this assessment. Homeowners in Waynesfield can expect property tax bills that vary significantly. For example, the 25th percentile tax bill is around $543, while those at the 75th percentile pay approximately $2,721. At the higher end, the 90th percentile tax bill reaches $4,147. These figures highlight the variability in tax bills depending on property value and other factors. The median home price in Waynesfield is $98,680, and with the national median property tax rate at 0.99%, homeowners in this region may find their tax rates to be relatively competitive. Understanding how these elements combine to determine property tax bills can help homeowners better manage their expenses and plan for the future.
Average Waynesfield Tax Bill
$1,656
Average Auglaize County Tax Bill
$2,263
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Waynesfield, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45896 | $64 | $543 | $1,656 | $2,721 | $4,147 |
Source: Ownwell