Holgate, Ohio Property Taxes
The median property tax rate in Holgate, OH is 1.30%, which is notably higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $166,580 in Holgate, the typical annual property tax bill amounts to $1,880, falling below the national median of $2,690. Property taxes in Holgate are calculated based on the assessed value, which is generally lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Holgate's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in significant annual savings. Whether you're in the heart of Holgate or another part of Defiance County, being well-informed about the local property tax system can benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Holgate, 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 Holgate Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holgate with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holgate 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 Holgate, Ohio
Property taxes in Holgate, Ohio, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Holgate is 1.30%, significantly higher than the U.S. national median of 0.99%. Local government entities within Holgate set these rates annually, and they can vary across different neighborhoods. Each year, Holgate 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 Holgate's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 43527 has both the highest and lowest median property tax rate of 1.30%. Understanding how these figures compare with Holgate provides valuable insights into the varying tax landscape across Defiance County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Holgate Tax Rate
1.30%
Average Defiance County Tax Rate
1.30%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holgate, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43527 | 0.96% | 1.10% | 1.30% | 1.32% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Holgate, Ohio
In Holgate, 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 Defiance 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 Holgate, 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 Holgate helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Holgate are both $1880, found in zip code 43527.
Average Holgate Assessed Value
$166,580
Average Defiance County Assessed Value
$127,250
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Holgate, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43527 | $83,254 | $120,110 | $166,580 | $216,210 | $342,132 |
Source: Ownwell
Property Tax Bills Across Holgate, Ohio
In Holgate, located in Defiance County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Once the assessed value is established, local tax rates, or millage rates, are applied to determine the total tax bill. For example, with a median home price of $166,580, homeowners in Holgate can expect varying tax bills. The 25th percentile tax bill is around $1,548, while the 75th percentile reaches up to $2,675, and the 90th percentile can be as high as $4,151. These figures show how property tax bills can significantly impact homeowners, depending on the value of their property and the applicable tax rates. Comparing these figures to the national median property tax rate of 0.99%, Holgate's tax bills reflect the local economic conditions and funding requirements for public services, which are crucial for community development and maintenance.
Average Holgate Tax Bill
$1,880
Average Defiance County Tax Bill
$1,657
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Holgate, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43527 | $1,098 | $1,548 | $1,880 | $2,675 | $4,151 |
Source: Ownwell