Maynard, Ohio Property Taxes
The median property tax rate in Maynard, Ohio is 1.15%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $40,910 in Maynard, the typical annual property tax bill amounts to $438, falling well below the national median of $2,690. Property taxes in Maynard are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Maynard'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 Maynard or another part of Belmont County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Maynard, 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 Maynard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maynard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maynard 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 Maynard, Ohio
Property taxes in Maynard, Ohio, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Maynard is 1.15%, which is higher than the U.S. national median of 0.99%. Local government entities within Maynard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maynard 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 Maynard's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 43937 has both the highest and lowest median property tax rate of 1.15%. Understanding how these cities compare with Maynard provides valuable insights into the varying tax landscape across Belmont County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Maynard Tax Rate
1.15%
Average Belmont County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maynard, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43937 | 0.56% | 0.78% | 1.15% | 1.19% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Maynard, Ohio
In Maynard, 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 Belmont 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 Maynard, 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 Maynard is $40,910, and tax bills can range significantly, with the 25th percentile at $304 and the 75th percentile at $545. The highest median tax bill is $438 in zip code 43937, which also has the lowest median tax bill. By understanding 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 Maynard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Maynard Assessed Value
$40,910
Average Belmont County Assessed Value
$74,065
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Maynard, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43937 | $38,574 | $39,450 | $40,910 | $47,055 | $50,742 |
Source: Ownwell
Property Tax Bills Across Maynard, Ohio
In Maynard, Belmont County, Ohio, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and is a percentage of the property's market value. For homeowners in Maynard, the median home price is $40,910. The property tax rate in Belmont County is applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including the property's location, its assessed value, and any applicable exemptions or deductions. For instance, the 25th percentile tax bill in Maynard is $304, while the 75th percentile tax bill is $545, and the 90th percentile tax bill reaches $609. These variations highlight how differences in property values and exemptions can impact the overall tax burden. Homeowners in Maynard should be aware that property taxes fund essential local services such as schools, roads, and emergency services. Understanding how these taxes are calculated can help homeowners anticipate their annual expenses and budget accordingly.
Average Maynard Tax Bill
$438
Average Belmont County Tax Bill
$992
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Maynard, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43937 | $224 | $304 | $438 | $545 | $609 |
Source: Ownwell