Fremont, Ohio Property Taxes
The median property tax rate in Fremont, Ohio is 1.42%, considerably higher than the national median of 0.99%, yet lower than the Ohio state median of 1.80%. With the median home value in Fremont, the typical annual property tax bill reaches $1,420, falling below the national median of $2,690. Property taxes in Fremont are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fremont'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 Fremont 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
Fremont, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$1,478
Ownwell’s Fremont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fremont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fremont 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 Fremont, Ohio
Property taxes in Fremont, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fremont is 1.42%, significantly higher than the U.S. national median of 0.99%. Local government entities within Fremont set these rates annually, and they can vary across different neighborhoods. Each year, Fremont 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 Fremont's effective property tax rate to other areas in Ohio and the national median. For comparison, the 43420 zip code has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these areas compare with Fremont provides valuable insights into the varying tax landscape across Sandusky County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fremont Tax Rate
1.42%
Average Sandusky County Tax Rate
1.42%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fremont, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43420 | 1.08% | 1.38% | 1.42% | 1.45% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Fremont, Ohio
In Fremont, 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 Sandusky 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 Fremont, 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. Fremont's median home price is $104,100, with tax bills ranging from $996 at the 25th percentile to $2,938 at the 90th percentile. The highest and lowest median tax bills are both $1,420 in zip code 43420. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fremont Assessed Value
$104,100
Average Sandusky County Assessed Value
$110,300
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fremont, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43420 | $52,500 | $74,300 | $104,100 | $148,600 | $209,200 |
Source: Ownwell
Property Tax Bills Across Fremont, Ohio
In Fremont, Ohio, property tax bills are calculated based on the assessed value of a home, which is determined by the Sandusky County Auditor. This assessed value is a percentage of the property's market value, and it serves as the basis for calculating the tax bill. Various factors, such as property size, location, and improvements, are considered when determining the assessed value. The median home price in Fremont is $104,100, and the median property tax bill is $1,420, which aligns with the national median property tax rate of 0.99%. Homeowners in Fremont can expect their tax bills to vary, with the 25th percentile paying around $996 and the 75th percentile paying approximately $2,076. At the higher end, the 90th percentile tax bill reaches about $2,938. These property tax bills directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, ensuring the community's well-being and development.
Average Fremont Tax Bill
$1,420
Average Sandusky County Tax Bill
$1,549
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Fremont, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43420 | $689 | $996 | $1,420 | $2,076 | $2,938 |
Source: Ownwell