Clyde, Ohio Property Taxes
The median property tax rate in Clyde, Ohio is 1.47%, considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Clyde at $124,070, the typical annual property tax bill reaches $1,872, which is below the national median of $2,690. Property taxes in Clyde 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 Clyde'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 Clyde 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
Clyde, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$1,824
Ownwell’s Clyde Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clyde with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clyde 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 Clyde, Ohio
Property taxes in Clyde, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clyde is 1.47%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Clyde set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clyde 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 Clyde's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43410 zip code has the highest median property tax rate of 1.47%, while the 43410 zip code also has the lowest median tax rate of 1.47%. Understanding how these cities compare with Clyde 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 Clyde Tax Rate
1.47%
Average Seneca County Tax Rate
1.43%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clyde, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43410 | 0.83% | 1.40% | 1.47% | 1.61% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Clyde, Ohio
In Clyde, 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 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 Clyde, 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. Clyde residents should note that the highest and lowest median tax bills are both $1,872 in the 43410 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Clyde Assessed Value
$124,070
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 Clyde, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43410 | $67,040 | $97,562 | $124,070 | $171,412 | $309,270 |
Source: Ownwell
Property Tax Bills Across Clyde, Ohio
In Clyde, located in Seneca County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is typically a percentage of the property's market value, determined by local tax assessors. Factors such as the home's location, size, and condition can influence this assessment. Clyde homeowners experience property tax bills that vary significantly, with the 25th percentile at $1,493 and the 75th percentile at $2,445. For those at the higher end, the 90th percentile tax bill can reach up to $3,255. Compared to the national median property tax rate of 0.99%, Clyde's property taxes can represent a substantial expense for homeowners, impacting their annual budget. The highest median tax bill in the area is $1,872, which is also the lowest median tax bill, indicating a consistent tax rate across the region. Understanding these factors can help homeowners in Clyde better anticipate their property tax obligations and plan their finances accordingly.
Average Clyde Tax Bill
$1,872
Average Seneca County Tax Bill
$1,391
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Clyde, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43410 | $990 | $1,493 | $1,872 | $2,445 | $3,255 |
Source: Ownwell