Burgoon, Ohio Property Taxes
The median property tax rate in Burgoon, OH is 0.71%, notably lower than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Burgoon at $486,850, the typical annual property tax bill amounts to $3,438, surpassing the national median of $2,690. Property taxes in Burgoon 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 Burgoon'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 Burgoon 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
Burgoon, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$3,457
Ownwell’s Burgoon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burgoon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burgoon 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 Burgoon, Ohio
Property taxes in Burgoon, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burgoon is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Burgoon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burgoon 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 Burgoon's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43407 zip code has the highest median property tax rate of 0.71%, while the 43407 zip code also has the lowest median tax rate of 0.71%. Understanding how these areas compare with Burgoon provides valuable insights into the varying tax landscape across Seneca County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burgoon Tax Rate
0.71%
Average Seneca County Tax Rate
1.43%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burgoon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43407 | 0.71% | 0.71% | 0.71% | 0.71% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Burgoon, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Burgoon, Ohio. 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 Seneca 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 Burgoon, 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 Burgoon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 43407, with a median tax bill of $3,438.
Average Burgoon Assessed Value
$486,850
Average Seneca County Assessed Value
$95,080
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burgoon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43407 | $486,850 | $486,850 | $486,850 | $486,850 | $486,850 |
Source: Ownwell
Property Tax Bills Across Burgoon, Ohio
In Burgoon, Seneca 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 property's market value and is used to calculate the tax bill. Factors such as the property's location, size, and any improvements made to it can influence its assessed value. Homeowners in Burgoon see a median tax bill of $3,438, which is significantly higher than the national median property tax rate of 0.99%. This high tax bill can impact homeowners by increasing their annual housing costs, potentially affecting their overall financial planning. The consistency in tax bills, as seen with the 25th, 75th, and 90th percentiles all at $3,438, suggests a uniform assessment approach in the area. Understanding how these taxes are calculated helps homeowners anticipate their expenses and plan accordingly.
Average Burgoon Tax Bill
$3,438
Average Seneca County Tax Bill
$1,391
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Burgoon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43407 | $3,438 | $3,438 | $3,438 | $3,438 | $3,438 |
Source: Ownwell