Ada, Ohio Property Taxes
The median property tax rate in Ada, OH is 1.64%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $101,985 in Ada, the typical annual property tax bill amounts to $1,852, falling below the national median of $2,690. Property taxes in Ada are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Ada'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 Ada or another part of Hardin County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ada, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.64%
Estimate Property Tax Bill
$1,673
Ownwell’s Ada Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ada with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ada 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 Ada, Ohio
Property taxes in Ada, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ada is 1.64%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Ada set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ada 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 Ada's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45810 zip code has the highest median property tax rate of 1.64%, while the same zip code also has the lowest median tax rate of 1.64%. Understanding how these cities compare with Ada provides valuable insights into the varying tax landscape across Hardin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ada Tax Rate
1.64%
Average Hardin County Tax Rate
1.61%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ada, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45810 | 1.25% | 1.49% | 1.64% | 1.81% | 2.01% |
Source: Ownwell
Property Tax Assessment Values Across Ada, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ada, Ohio. The market value is the price a willing buyer would pay a willing seller in an open market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Hardin 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 Ada, 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 Ada helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 45810 has both the highest and lowest median tax bills, with an amount of $1,852.
Average Ada Assessed Value
$101,985
Average Hardin County Assessed Value
$82,480
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ada, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45810 | $3,012 | $65,050 | $101,985 | $154,370 | $231,671 |
Source: Ownwell
Property Tax Bills Across Ada, Ohio
In Ada, located in Hardin County, OH, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $101,985. Property taxes are determined by multiplying the assessed value by the local tax rate. Various factors influence the tax bill, including property size, location, and any applicable exemptions. Homeowners in Ada can expect their tax bills to vary widely. For example, the 25th percentile tax bill is $1,249, while the 75th percentile tax bill is $2,589. At the higher end, the 90th percentile tax bill reaches $3,595. The median tax bill in the 45810 zip code is $1,852, which is higher than the national median property tax rate of 0.99%. These property taxes significantly impact homeowners, influencing both the affordability of homeownership and the overall cost of living. Understanding how these taxes are calculated can help homeowners better manage their finances and plan for future expenses.
Average Ada Tax Bill
$1,852
Average Hardin County Tax Bill
$1,448
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Ada, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45810 | $805 | $1,249 | $1,852 | $2,589 | $3,595 |
Source: Ownwell