Arcadia, Ohio Property Taxes
The median property tax rate in Arcadia, Ohio is 1.12%, slightly higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $136,860 in Arcadia, the typical annual property tax bill amounts to $1,544, which is below the national median of $2,690. Property taxes in Arcadia are based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural land. Understanding Arcadia'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 Arcadia or another part of Hancock County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Arcadia, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$1,533
Ownwell’s Arcadia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arcadia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arcadia 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 Arcadia, Ohio
Property taxes in Arcadia, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arcadia is 1.12%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Arcadia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arcadia 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 Arcadia's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44804 zip code has both the highest and lowest median property tax rate of 1.12%. Understanding how these cities compare with Arcadia provides valuable insights into the varying tax landscape across Hancock County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arcadia Tax Rate
1.12%
Average Hancock County Tax Rate
1.24%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arcadia, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44804 | 0.92% | 1.09% | 1.12% | 1.21% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Arcadia, Ohio
In Arcadia, 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 Hancock 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 Arcadia, 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 Arcadia is $136,860, with property tax bills ranging from $1,031 at the 25th percentile to $2,929 at the 90th percentile. The zip code 44804 has the highest and lowest median tax bill of $1,544. 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 Arcadia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Arcadia Assessed Value
$136,860
Average Hancock County Assessed Value
$151,760
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arcadia, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44804 | $19,658 | $92,480 | $136,860 | $199,040 | $316,484 |
Source: Ownwell
Property Tax Bills Across Arcadia, Ohio
In Arcadia, located in Hancock County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value typically represents a percentage of the property's market value. For homeowners in Arcadia, the median home price is $136,860. Property tax rates in the area play a significant role in determining the final tax bill, with several factors influencing the amount owed. Homeowners can expect a range of tax bills depending on their property's assessed value and the specific tax rates applied. The 25th percentile tax bill is around $1,031, while the 75th percentile tax bill reaches $2,107, and the 90th percentile tax bill can climb to $2,929. Comparatively, the highest and lowest median tax bills in the 44804 zip code are both $1,544, reflecting a consistent tax rate across the region. Understanding these factors helps homeowners anticipate their annual property tax obligations and budget accordingly.
Average Arcadia Tax Bill
$1,544
Average Hancock County Tax Bill
$1,839
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Arcadia, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44804 | $250 | $1,031 | $1,544 | $2,107 | $2,929 |
Source: Ownwell