Anna, Ohio Property Taxes
The median property tax rate in Anna, OH is 1.45%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Anna, the typical annual property tax bill reaches $2,429, slightly below the national median of $2,690. Property taxes in Anna 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 Anna'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 Anna 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
Anna, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.45%
Estimate Property Tax Bill
$2,472
Ownwell’s Anna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Anna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Anna 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 Anna, Ohio
Property taxes in Anna, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Anna is 1.45%, significantly higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Anna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Anna 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 Anna's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45302 zip code has the highest median property tax rate of 1.45%, while the 45302 zip code also has the lowest median tax rate of 1.45%. Understanding how these cities compare with Anna provides valuable insights into the varying tax landscape across Shelby County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Anna Tax Rate
1.45%
Average Shelby County Tax Rate
1.56%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Anna, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45302 | 1.17% | 1.35% | 1.45% | 1.53% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Anna, Ohio
In Anna, 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 Shelby 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 Anna, 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 Anna helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 45302 has the highest median tax bill at $2,429, which can guide residents in understanding their potential tax liabilities.
Average Anna Assessed Value
$170,515
Average Shelby County Assessed Value
$119,350
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Anna, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45302 | $70,665 | $107,412 | $170,515 | $254,460 | $353,195 |
Source: Ownwell
Property Tax Bills Across Anna, Ohio
In Anna, Shelby County, OH, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The tax rate is applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's market value, local tax rates, and any applicable exemptions or deductions. For instance, the median home price in Anna is $170,515. Homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. The tax bill for homes in the 25th percentile is around $1,579, while those in the 75th percentile can see bills as high as $3,587. The highest tax bills, in the 90th percentile, reach up to $4,902. This variability in tax bills affects homeowners differently, impacting their annual financial planning and overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Anna's property tax rates reflect the local economic conditions and funding needs for public services.
Average Anna Tax Bill
$2,429
Average Shelby County Tax Bill
$1,867
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Anna, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45302 | $885 | $1,579 | $2,429 | $3,587 | $4,902 |
Source: Ownwell