Ottawa Hills, Ohio Property Taxes
The median property tax rate in Ottawa Hills, OH is 3.40%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Ottawa Hills at $260,000, the typical annual property tax bill reaches $8,584, far exceeding the national median of $2,690. Property taxes in Ottawa Hills 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 Ottawa Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Ottawa Hills 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
Ottawa Hills, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.4%
Estimate Property Tax Bill
$8,840
Ownwell’s Ottawa Hills Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Ottawa Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ottawa Hills to generate an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more granular trends, scroll down to find localized information at the neighborhood level. Your property’s assessed value is the value assigned by Lucas County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Ottawa Hills, Ohio
Property taxes in Ottawa Hills, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ottawa Hills is 3.40%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Ottawa Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ottawa Hills 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 Ottawa Hills' effective property tax rate to other areas in Ohio and the national median. For comparison, the 43606 zip code has the highest median property tax rate of 3.40%, while the 43615 zip code has the lowest median tax rate of 3.39%. Understanding how these areas compare with Ottawa Hills provides valuable insights into the varying tax landscape across Lucas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ottawa Hills Tax Rate
3.40%
Average Lucas County Tax Rate
2.38%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ottawa Hills, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43606 | 3.08% | 3.39% | 3.40% | 3.41% | 3.45% |
| 43615 | 2.95% | 3.37% | 3.39% | 3.41% | 3.46% |
Source: Ownwell
Property Tax Assessment Values Across Ottawa Hills, Ohio
In Ottawa Hills, 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 Lucas 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 Ottawa Hills, 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 Ottawa Hills is $260,000, with tax bills ranging significantly. The highest median tax bill is in the 43615 zip code at $13,105, while the lowest is in the 43606 zip code at $7,709. 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 Ottawa Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ottawa Hills Assessed Value
$260,000
Average Lucas County Assessed Value
$95,600
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ottawa Hills, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43606 | $155,680 | $191,075 | $232,800 | $308,025 | $385,510 |
| 43615 | $95,400 | $201,500 | $392,000 | $514,100 | $650,000 |
Source: Ownwell
Property Tax Bills Across Ottawa Hills, Ohio
In Ottawa Hills, located in Lucas 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 tax bill. Various factors influence this calculation, including the home's location, size, and any applicable exemptions. Homeowners in Ottawa Hills experience a range of property tax bills, with the 25th percentile at $6,374 and the 75th percentile at $13,103, showcasing a significant variation depending on property values and other factors. The highest median tax bill in the area is $13,105, found in zip code 43615, while the lowest median tax bill is $7,709 in zip code 43606. This tax burden can impact homeowners significantly, as it represents a considerable annual expense. Compared to the national median property tax rate of 0.99%, Ottawa Hills' property tax rates can be relatively high, affecting the overall cost of homeownership in the area.
Average Ottawa Hills Tax Bill
$8,584
Average Lucas County Tax Bill
$2,348
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Ottawa Hills, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43606 | $5,078 | $6,394 | $7,709 | $10,349 | $13,056 |
| 43615 | $3,242 | $6,236 | $13,105 | $17,373 | $22,004 |
Source: Ownwell