North Star, Ohio Property Taxes
The median property tax rate in North Star, OH is 1.16%, 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 $107,140 in North Star, the typical annual property tax bill amounts to $1,183, which is below the national median of $2,690. Property taxes in North Star are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding North Star'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 North Star 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
North Star, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$1,243
Ownwell’s North Star Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Star with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Star 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 North Star, Ohio
Property taxes in North Star, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Star is 1.16%, higher than Ohio's state median and the U.S. national median of 0.99%. Local government entities within North Star set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Star 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 North Star's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45350 zip code has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with North Star 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 North Star Tax Rate
1.16%
Average Darke County Tax Rate
1.34%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Star, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45350 | 0.90% | 1.16% | 1.16% | 1.19% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across North Star, Ohio
In North Star, 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 Darke County Auditor 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 North Star, 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 North Star is $107,140, with tax bills ranging from $770 at the 25th percentile to $3,385 at the 90th percentile. The zip code with the highest median tax bill is 45350, standing at $1,183. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average North Star Assessed Value
$107,140
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 North Star, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45350 | $34,021 | $69,665 | $107,140 | $139,968 | $290,255 |
Source: Ownwell
Property Tax Bills Across North Star, Ohio
In North Star, property tax bills are calculated based on the assessed value of your home, which is determined by the local county assessor. This assessed value is then multiplied by the property tax rate set by the local government. For homeowners in North Star, the median home price is $107,140. Property tax bills can vary significantly, with the 25th percentile paying around $770, while those in the 75th percentile pay approximately $1,598. The 90th percentile sees tax bills as high as $3,385. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. The median property tax rate in North Star is higher than the national median of 0.99%, impacting homeowners by increasing their annual expenses. Understanding these components helps homeowners anticipate their financial obligations and plan accordingly. In Darke County, the highest and lowest median tax bills are both $1,183, indicating some consistency in tax assessments within the area.
Average North Star Tax Bill
$1,183
Average Darke County Tax Bill
$1,406
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across North Star, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45350 | $344 | $770 | $1,183 | $1,598 | $3,385 |
Source: Ownwell