Bloomingdale, Ohio Property Taxes
The median property tax rate in Bloomingdale, OH is 2.77%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With a median home value of $94,130 in Bloomingdale, the typical annual property tax bill reaches $2,521, which is below the national median of $2,690. Property taxes in Bloomingdale are calculated based on the tax assessed value, which often 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
$1,500,000
$3,000,000
Average Tax Rate
2.77%
Estimate Property Tax Bill
$2,607
Ownwell’s Bloomingdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bloomingdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bloomingdale 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 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 2.77%, significantly higher than the Ohio state median 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 2.77%, while the same 43910 zip code also has the lowest median tax rate of 2.77%. Understanding how these cities compare with Bloomingdale provides valuable insights into the varying tax landscape across Jefferson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bloomingdale Tax Rate
2.77%
Average Jefferson County Tax Rate
2.19%
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 | 2.19% | 2.19% | 2.77% | 2.85% | 2.86% |
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 Jefferson 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. 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. Notably, the highest and lowest median tax bills are both $2521.00, found in the 43910 zip code.
Average Bloomingdale Assessed Value
$94,130
Average Jefferson County Assessed Value
$67,215
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 | $17,580 | $51,345 | $94,130 | $138,310 | $192,830 |
Source: Ownwell
Property Tax Bills Across Bloomingdale, Ohio
In Bloomingdale, Jefferson County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in Bloomingdale face a median property tax bill of $2,521, significantly higher than the national median property tax rate of 0.99%. The assessed value is determined by local tax assessors who evaluate various factors such as the property's size, age, location, and condition. Once the assessed value is established, local tax rates are applied to calculate the tax bill. These rates can vary depending on the specific needs and budgets of local governments and school districts. For instance, the tax bill for the 25th percentile is $1,379, while it rises to $3,647 for the 75th percentile, and reaches $5,183 for the 90th percentile. This variation impacts homeowners differently, with higher-valued properties bearing a larger share of the tax burden. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Bloomingdale Tax Bill
$2,521
Average Jefferson County Tax Bill
$1,517
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 | $436 | $1,379 | $2,521 | $3,647 | $5,183 |
Source: Ownwell