De Graff, Ohio Property Taxes
The median property tax rate in De Graff, OH is 1.48%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $101,610 in De Graff, the typical annual property tax bill amounts to $1,472, falling below the national median of $2,690. Property taxes in De Graff are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding De Graff'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 De Graff or another part of Logan County, gaining insights into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
De Graff, 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 De Graff Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in De Graff with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in De Graff 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 De Graff, Ohio
Property taxes in De Graff, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in De Graff is 1.48%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within De Graff set these rates annually, and they can vary significantly across different neighborhoods. Each year, De Graff 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 De Graff's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43318 has the highest median property tax rate of 1.48%, while the same zip code has the lowest median tax rate of 1.48%. Understanding how these cities compare with De Graff provides valuable insights into the varying tax landscape across Logan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average De Graff Tax Rate
1.48%
Average Logan County Tax Rate
1.65%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across De Graff, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43318 | 0.85% | 1.29% | 1.48% | 1.54% | 1.66% |
Source: Ownwell
Property Tax Assessment Values Across De Graff, Ohio
In De Graff, 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 Logan 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 De Graff, 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 De Graff helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1,472 in zip code 43318.
Average De Graff Assessed Value
$101,610
Average Logan County Assessed Value
$106,220
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across De Graff, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43318 | $32,764 | $66,410 | $101,610 | $164,990 | $306,102 |
Source: Ownwell
Property Tax Bills Across De Graff, Ohio
In De Graff, located in Logan County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. Once the assessed value is established, local tax rates are applied to calculate the annual property tax bill. Several factors influence the final tax bill, including the median home price, which stands at $101,610 in De Graff. Homeowners in the 25th percentile can expect a tax bill around $996, while those in the 75th percentile may see bills as high as $2,290. At the 90th percentile, tax bills can reach $3,635. These figures illustrate the range of property tax burdens residents might face, depending on their property's value. Comparatively, the national median property tax rate is 0.99%, providing a benchmark for understanding local tax obligations. High property taxes can significantly impact homeowners, influencing their overall financial planning and homeownership costs.
Average De Graff Tax Bill
$1,472
Average Logan County Tax Bill
$1,716
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across De Graff, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43318 | $508 | $996 | $1,472 | $2,290 | $3,635 |
Source: Ownwell