Fredericksburg, Ohio Property Taxes
The median property tax rate in Fredericksburg, OH is 1.80%, considerably higher than the national median of 0.99%. With the median home value in Fredericksburg at $223,770, the typical annual property tax bill reaches $3,443, exceeding the national median of $2,690. Property taxes in Fredericksburg 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 Fredericksburg'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 Fredericksburg or another part of Wayne County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fredericksburg, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$4,028
Ownwell’s Fredericksburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fredericksburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fredericksburg 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 Fredericksburg, Ohio
Property taxes in Fredericksburg, Ohio, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Fredericksburg is 1.80%, significantly higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Fredericksburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fredericksburg 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 Fredericksburg's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44627 zip code has the highest median property tax rate of 1.80%, while the same zip code also has the lowest median tax rate of 1.80%. Understanding how these areas compare with Fredericksburg provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fredericksburg Tax Rate
1.80%
Average Wayne County Tax Rate
1.80%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fredericksburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44627 | 0.79% | 1.31% | 1.80% | 1.90% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across Fredericksburg, Ohio
In Fredericksburg, 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 Wayne 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 Fredericksburg, 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. For instance, the highest median tax bill in the area is $3,443 in the 44627 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 Fredericksburg Assessed Value
$223,770
Average Wayne County Assessed Value
$144,025
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fredericksburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44627 | $56,620 | $118,045 | $223,770 | $325,980 | $511,970 |
Source: Ownwell
Property Tax Bills Across Fredericksburg, Ohio
In Fredericksburg, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in the area is $223,770. Tax rates are applied to this assessed value to determine the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. For example, homeowners in the 25th percentile pay around $1,962 annually, while those in the 75th percentile face bills closer to $4,849. The highest tax bills, in the 90th percentile, can reach up to $6,060. These taxes fund essential services like schools, infrastructure, and emergency services, directly impacting the quality of life in Fredericksburg. Compared to the national median property tax rate of 0.99%, the tax rates in Wayne County may vary, but they ensure that the community's needs are met. Homeowners should be aware of these factors as they significantly affect annual financial planning and property investment decisions.
Average Fredericksburg Tax Bill
$3,443
Average Wayne County Tax Bill
$2,548
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Fredericksburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44627 | $987 | $1,962 | $3,443 | $4,849 | $6,060 |
Source: Ownwell