Ashley, Ohio Property Taxes
The median property tax rate in Ashley, OH is 1.60%, higher than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value of $110,400 in Ashley, the typical annual property tax bill is $1,814, which is below the national median of $2,690. Property taxes in Ashley are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Ashley'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 Ashley 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
Ashley, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$1,766
Ownwell’s Ashley Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Ashley with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Ashley to provide an estimate of your property tax bill. This valuable tool aids in understanding potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available further down the page. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Ashley, Ohio
Property taxes in Ashley, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashley is 1.60%, significantly higher than the U.S. national median of 0.99%. Local government entities within Ashley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ashley 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 Ashley's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43003 zip code has both the highest and lowest median property tax rate of 1.60%. Understanding how these cities compare with Ashley provides valuable insights into the varying tax landscape across Morrow County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashley Tax Rate
1.60%
Average Morrow County Tax Rate
1.58%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashley, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43003 | 1.29% | 1.55% | 1.60% | 1.65% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Ashley, Ohio
In Ashley, 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 Morrow 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 in Ashley 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 Ashley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Ashley is $1814 in the 43003 zip code, while the lowest median tax bill is also $1814 in the same zip code.
Average Ashley Assessed Value
$110,400
Average Morrow County Assessed Value
$98,100
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashley, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43003 | $14,850 | $68,400 | $110,400 | $173,625 | $255,950 |
Source: Ownwell
Property Tax Bills Across Ashley, Ohio
In Ashley, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is a percentage of the property's market value. The tax rate in Ashley is then applied to this assessed value to determine the annual property tax bill. Factors such as property improvements, neighborhood changes, and market conditions can influence the assessed value. For homeowners in Ashley, the property tax bill can vary significantly. The 25th percentile of tax bills is around $1,141, while the 75th percentile reaches approximately $2,643. At the 90th percentile, homeowners might see tax bills as high as $3,888. These variations can impact household budgets, making it essential for homeowners to stay informed about their property's assessed value and any potential changes in tax rates. Compared to the national median property tax rate of 0.99%, Ashley's rates reflect the local economic conditions and public service needs within Morrow County.
Average Ashley Tax Bill
$1,814
Average Morrow County Tax Bill
$1,602
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashley, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43003 | $316 | $1,141 | $1,814 | $2,643 | $3,888 |
Source: Ownwell