Bloomingdale, Ohio Property Taxes
The median property tax rate in Bloomingdale, OH is 1.32%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Bloomingdale at $77,815, the typical annual property tax bill reaches $1,017, falling below the national median of $2,690. Property taxes in Bloomingdale are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bloomingdale'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 Bloomingdale 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
Bloomingdale, 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 Bloomingdale Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Bloomingdale. By simply entering your property's estimated assessed value, the calculator utilizes the median tax rate in Bloomingdale to provide an estimate of your property tax bill. This valuable resource helps you understand potential tax liabilities and plan accordingly. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, factoring in any applicable exemptions.
Property Tax Rates Across Bloomingdale, Ohio
Property taxes in Bloomingdale, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bloomingdale is 1.32%, significantly higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Bloomingdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bloomingdale 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 Bloomingdale's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43910 zip code has the highest median property tax rate of 1.32%, while the same 43910 zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Bloomingdale provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bloomingdale Tax Rate
1.32%
Average Harrison County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bloomingdale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43910 | 0.77% | 1.28% | 1.32% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Bloomingdale, Ohio
In Bloomingdale, 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 Harrison 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 Bloomingdale, 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 Bloomingdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 43910 has both the highest and lowest median tax bill at $1,017, compared to the national median property tax rate of 0.99%.
Average Bloomingdale Assessed Value
$77,815
Average Harrison County Assessed Value
$63,430
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bloomingdale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43910 | $15,244 | $35,105 | $77,815 | $118,175 | $200,150 |
Source: Ownwell
Property Tax Bills Across Bloomingdale, Ohio
In Bloomingdale, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the tax bill. Factors influencing the tax bill include the home's market value, assessment rate, and the specific tax rate set by local authorities. For instance, the median home price in Bloomingdale is $77,815, and property tax bills can vary widely. Homeowners at the 25th percentile pay around $341, while those at the 75th percentile face bills of approximately $1,502. The tax bill can go as high as $2,118 for those in the 90th percentile. These property tax rates directly impact homeowners by influencing their annual financial obligations. Compared to the national median property tax rate of 0.99%, Bloomingdale's rates can be relatively manageable or burdensome, depending on the home's assessed value and the specific tax bracket.
Average Bloomingdale Tax Bill
$1,017
Average Harrison County Tax Bill
$839
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bloomingdale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43910 | $199 | $341 | $1,017 | $1,502 | $2,118 |
Source: Ownwell