Grelton, Ohio Property Taxes
The median property tax rate in Grelton, OH is 0.84%, which is lower than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Grelton at $138,620, the typical annual property tax bill is $1,253, well below the national median of $2,690. Property taxes in Grelton are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Grelton'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 Grelton 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
Grelton, 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 Grelton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grelton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grelton 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 Grelton, Ohio
Property taxes in Grelton, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Grelton is 0.84%, which is lower than the Ohio state median of 1.48% and the U.S. national median of 0.99%. Local government entities within Grelton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grelton 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 Grelton's effective property tax rate to other areas in Henry County and the national median. For comparison, the 43534 zip code has the highest median property tax rate of 0.93%, while the 43523 zip code has the lowest median tax rate of 0.83%. Understanding how these areas compare with Grelton 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 Grelton Tax Rate
0.84%
Average Henry County Tax Rate
0.78%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Grelton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43523 | 0.70% | 0.75% | 0.83% | 0.90% | 1.03% |
| 43534 | 0.49% | 0.69% | 0.93% | 0.97% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Grelton, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Grelton, 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 Grelton, 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 Grelton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,651 in the 43534 zip code, while the lowest is $1,153 in the 43523 zip code.
Average Grelton Assessed Value
$138,620
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 Grelton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43523 | $18,590 | $48,200 | $142,230 | $188,285 | $215,270 |
| 43534 | $48,168 | $99,420 | $130,310 | $177,080 | $233,720 |
Source: Ownwell
Property Tax Bills Across Grelton, Ohio
In Grelton, located in Henry County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For example, with a median home price of $138,620, homeowners can expect to pay between $756 at the 25th percentile and $1,639 at the 75th percentile of tax bills. The highest median tax bill in the area is $1,651, found in the 43534 zip code, while the lowest is $1,153 in the 43523 zip code. These figures are influenced by various factors such as property location, improvements, and local government budgets. Compared to the national median property tax rate of 0.99%, Grelton's tax rates can significantly impact homeowners, making it essential for them to understand how their tax bills are determined and what options they have for potential appeals or exemptions.
Average Grelton Tax Bill
$1,253
Average Henry County Tax Bill
$1,746
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Grelton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43523 | $153 | $492 | $1,153 | $1,602 | $1,649 |
| 43534 | $499 | $970 | $1,651 | $1,683 | $2,091 |
Source: Ownwell