Bradford, Ohio Property Taxes
The median property tax rate in Bradford, OH is 1.26%, which is notably higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With the median home value in Bradford, the typical annual property tax bill reaches $1,351, which is below the national median of $2,690. Property taxes in Bradford 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 Bradford'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 Bradford 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
Bradford, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$1,383
Ownwell’s Bradford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bradford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bradford 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 Bradford, Ohio
Property taxes in Bradford, Ohio, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Bradford stands at 1.26%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bradford set these rates annually, and they can vary across different neighborhoods. Each year, Bradford 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 Bradford's effective property tax rate to other areas in Darke County and the national median. For comparison, the zip code 45308 has both the highest and lowest median property tax rate at 1.26%. Understanding how these areas compare with Bradford provides valuable insights into the varying tax landscape across Darke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bradford Tax Rate
1.26%
Average Darke County Tax Rate
1.34%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bradford, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45308 | 0.91% | 1.15% | 1.26% | 1.37% | 1.40% |
Source: Ownwell
Property Tax Assessment Values Across Bradford, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bradford, Ohio. 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 Darke 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 Bradford, 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 Bradford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bradford is $109,790, with tax bills ranging from $907 at the 25th percentile to $2,780 at the 90th percentile. The highest and lowest median tax bills both stand at $1,351 in the 45308 zip code.
Average Bradford Assessed Value
$109,790
Average Darke County Assessed Value
$110,800
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bradford, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45308 | $47,572 | $72,735 | $109,790 | $167,170 | $236,906 |
Source: Ownwell
Property Tax Bills Across Bradford, Ohio
In Bradford, located in Darke County, OH, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is typically a percentage of the property's market value, which in Bradford is influenced by the median home price of $109,790. Local tax authorities then apply the tax rate to this assessed value to determine the annual property tax bill. Homeowners in Bradford can expect their property tax bills to vary widely. The 25th percentile tax bill is around $907, while those at the 75th percentile pay approximately $2031. For the highest 10% of tax bills, homeowners might see amounts as high as $2780. This variability reflects differences in property values and specific local tax rates. Compared to the national median property tax rate of 0.99%, Bradford's property tax rates can be considered moderate. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Bradford Tax Bill
$1,351
Average Darke County Tax Bill
$1,406
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bradford, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45308 | $546 | $907 | $1,351 | $2,031 | $2,780 |
Source: Ownwell