Florida, Ohio Property Taxes
The median property tax rate in Florida, Ohio is 1.02%, slightly above the national median of 0.99% but significantly lower than the Ohio state median of 1.80%. With a median home value of $23,490 in Florida, the typical annual property tax bill amounts to $239, which is well below the national median of $2,690. Property taxes in Florida are calculated based on the assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Gaining a thorough understanding of Florida’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 Florida or another part of Henry County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Florida, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.02%
Estimate Property Tax Bill
$240
Ownwell’s Florida Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Florida with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Florida 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 Florida, Ohio
Property taxes in Florida, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Florida is 1.02%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Florida set these rates annually, and they can vary significantly across different neighborhoods. Each year, Florida 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 Florida's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43545 zip code has the highest median property tax rate of 1.02%, while the same 43545 zip code also has the lowest median tax rate of 1.02%. Understanding how these cities compare with Florida 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 Florida Tax Rate
1.02%
Average Henry County Tax Rate
0.78%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Florida, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43545 | 0.71% | 0.90% | 1.02% | 1.14% | 3.49% |
Source: Ownwell
Property Tax Assessment Values Across Florida, Ohio
In Florida, 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 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 Florida, 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. For instance, the highest median tax bill in the area is $239 in the 43545 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Florida Assessed Value
$23,490
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 Florida, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43545 | $4,960 | $9,285 | $23,490 | $49,935 | $99,360 |
Source: Ownwell
Property Tax Bills Across Florida, Ohio
In Florida, located in Henry County, OH, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and then applies an assessment ratio. For example, with a median home price of $23,490, the tax bill can vary significantly based on the assessed value and specific tax rate. Several factors influence the final tax bill, including property size, location, and improvements. Homeowners in this area can expect a tax bill ranging from $163 at the 25th percentile to $638 at the 90th percentile. The median property tax rate in Henry County is relatively low compared to the national median of 0.99%, which can make a significant difference in overall tax expenses for homeowners. Understanding these factors is crucial for homeowners as they directly impact annual expenses and the affordability of owning property in Florida, Henry County, OH.
Average Florida Tax Bill
$239
Average Henry County Tax Bill
$1,746
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Florida, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43545 | $123 | $163 | $239 | $441 | $638 |
Source: Ownwell