Archbold, Ohio Property Taxes
The median property tax rate in Archbold, OH is 1.59%, 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 Archbold at $143,800, the typical annual property tax bill reaches $2,191, which is below the national median of $2,690. Property taxes in Archbold are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Archbold'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 Archbold or another part of Williams County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Archbold, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$2,286
Ownwell’s ARCHBOLD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ARCHBOLD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ARCHBOLD 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 Archbold, Ohio
Property taxes in Archbold, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Archbold is 1.59%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Archbold set these rates annually, and they can vary significantly across different neighborhoods. Each year, Archbold 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 Archbold's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43502 has both the highest and lowest median property tax rate of 1.59%. Understanding how these cities compare with Archbold provides valuable insights into the varying tax landscape across Williams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Archbold Tax Rate
1.59%
Average Williams County Tax Rate
1.51%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Archbold, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43502 | 1.26% | 1.36% | 1.59% | 1.61% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Archbold, Ohio
In Archbold, 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 local 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 Archbold, 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 Archbold helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $143,800, with the highest and lowest median tax bills both at $2,191 in zip code 43502.
Average Archbold Assessed Value
$143,800
Average Williams County Assessed Value
$99,000
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Archbold, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43502 | $110,840 | $123,200 | $143,800 | $179,800 | $221,120 |
Source: Ownwell
Property Tax Bills Across Archbold, Ohio
In the city of Archbold, located in Williams County, OH, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in Archbold is $143,800. Property taxes are calculated by applying the local tax rate to the assessed value of the property. For homeowners in Archbold, the tax bill can vary significantly. For example, the 25th percentile tax bill is $1,893, while the 75th percentile tax bill is $2,777, and the 90th percentile tax bill reaches $3,451. These figures indicate that property tax rates in Archbold can be higher than the national median property tax rate of 0.99%. This variance in tax bills affects homeowners by influencing the overall cost of owning property in the area. Homeowners need to consider these costs when budgeting for homeownership, as higher property taxes can impact affordability and long-term financial planning.
Average Archbold Tax Bill
$2,191
Average Williams County Tax Bill
$1,468
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Archbold, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43502 | $1,583 | $1,893 | $2,191 | $2,777 | $3,451 |
Source: Ownwell