Custar, Ohio Property Taxes
The median property tax rate in Custar, OH is 0.74%, considerably lower than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Custar, the typical annual property tax bill reaches $1,746, which is significantly below the national median of $2,690. Property taxes in Custar 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 Custar'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 Custar 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
Custar, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$1,891
Ownwell’s Custar Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Custar with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Custar 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 Custar, Ohio
Property taxes in Custar, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Custar is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Custar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Custar 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 Custar's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43511 has both the highest and lowest median property tax rate of 0.74%. Understanding how these cities compare with Custar provides valuable insights into the varying tax landscape across Henry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Custar Tax Rate
0.74%
Average Henry County Tax Rate
0.78%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Custar, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43511 | 0.60% | 0.68% | 0.74% | 0.78% | 0.81% |
Source: Ownwell
Property Tax Assessment Values Across Custar, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Custar, Ohio. 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 Henry 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 Custar, 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 example, the median home price in Custar is $255,520, with tax bills ranging from $1,498 at the 25th percentile to $3,243 at the 90th percentile. The highest and lowest median tax bill in the area is $1,746, both found in zip code 43511. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Custar Assessed Value
$255,520
Average Henry County Assessed Value
$213,460
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Custar, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43511 | $180,632 | $198,080 | $255,520 | $321,140 | $477,880 |
Source: Ownwell
Property Tax Bills Across Custar, Ohio
In Custar, located in Henry County, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value of the property. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. The median home price in Custar is $255,520, and the property tax rate is influenced by various factors such as local government budgets and public service funding needs. Homeowners in Custar can expect their tax bills to vary significantly. For example, the 25th percentile tax bill is $1,498, while the 75th percentile tax bill is $2,216, and those in the 90th percentile might pay as much as $3,243. These taxes fund essential services like schools, infrastructure, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Custar's property tax rates reflect the specific financial requirements and priorities of Henry County.
Average Custar Tax Bill
$1,746
Average Henry County Tax Bill
$1,746
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Custar, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43511 | $1,134 | $1,498 | $1,746 | $2,216 | $3,243 |
Source: Ownwell