Perry, Ohio Property Taxes
The median property tax rate in Perry, OH is 3.03%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With a median home value of $44,550 in Perry, the typical annual property tax bill amounts to $1,349, surpassing the national median of $2,690. Property taxes in Perry are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Perry'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 Perry or another part of the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Perry, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.03%
Estimate Property Tax Bill
$1,350
Ownwell’s Perry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Perry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Perry 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 Perry, Ohio
Property taxes in Perry, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Perry is 1.55%, which is higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Perry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Perry 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 Perry's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44081 zip code has the highest median property tax rate of 1.55%, while the same zip code also has the lowest median tax rate of 1.55%. Understanding how these areas compare with Perry provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Perry Tax Rate
3.03%
Average Franklin County Tax Rate
2.10%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Perry, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44081 | 3.03% | 3.03% | 3.03% | 3.03% | 3.03% |
Source: Ownwell
Property Tax Assessment Values Across Perry, Ohio
In Perry, 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 Franklin 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. Assessment notices in Perry 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. The median home price in Perry is $44,550, with tax bills ranging from $692 at the 25th percentile to $2,398 at the 90th percentile. The zip code with the highest median tax bill is 44081, at $1,349, while the lowest median tax bill is also in 44081, at $1,349. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Perry Assessed Value
$44,550
Average Franklin County Assessed Value
$168,000
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Perry, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44081 | $9,870 | $22,875 | $44,550 | $66,225 | $79,230 |
Source: Ownwell
Property Tax Bills Across Perry, Ohio
In Perry, located in Franklin County, OH, property tax bills are calculated based on the assessed value of the property. The assessed value is a percentage of the market value determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the tax bill, including property size, location, and any improvements made to the property. Homeowners in Perry experience a range of tax bills, with the 25th percentile paying around $692 and the 75th percentile paying up to $2005 annually. For those at the 90th percentile, the tax bill can reach as high as $2398. Compared to the national median property tax rate of 0.99%, Perry's property taxes can vary significantly depending on the property's assessed value and the applicable tax rates. This variability can significantly impact homeowners, influencing decisions on property purchases and renovations. Understanding these factors can help homeowners better manage their financial planning and anticipate their annual property tax obligations.
Average Perry Tax Bill
$1,349
Average Franklin County Tax Bill
$3,472
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Perry, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44081 | $299 | $692 | $1,349 | $2,005 | $2,398 |
Source: Ownwell