Haskins, Ohio Property Taxes
The median property tax rate in Haskins, OH is 1.60%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $203,250 in Haskins, the typical annual property tax bill reaches $3,262, significantly exceeding the national median of $2,690. Property taxes in Haskins 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 Haskins'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 Haskins 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
Haskins, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$3,252
Ownwell’s Haskins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Haskins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Haskins 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 Haskins, Ohio
Property taxes in Haskins, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Haskins is 1.60%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Haskins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Haskins 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 for setting property tax rates. The data below compares Haskins' effective property tax rate to other counties in Ohio and the national median. For comparison, the 43525 zip code has the highest median property tax rate of 1.60%, while the same zip code also has the lowest median tax rate of 1.60%. Understanding how these cities compare with Haskins provides valuable insights into the varying tax landscape across Wood County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Haskins Tax Rate
1.60%
Average Wood County Tax Rate
1.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Haskins, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43525 | 1.60% | 1.60% | 1.60% | 1.61% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Haskins, Ohio
In Haskins, 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 Wood 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 Haskins, 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 Haskins helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3,262 in the 43525 zip code.
Average Haskins Assessed Value
$203,250
Average Wood County Assessed Value
$163,900
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Haskins, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43525 | $7,280 | $99,850 | $203,250 | $256,525 | $284,680 |
Source: Ownwell
Property Tax Bills Across Haskins, Ohio
In Haskins, located in Wood County, OH, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For instance, the median home price in Haskins is $203,250. Tax rates are applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include property location, assessed value, and local tax rates. In Haskins, the tax bill can vary significantly, with the 25th percentile at $1,537 and the 75th percentile reaching $4,076. The 90th percentile tax bill is $4,580. These variations highlight the importance of understanding local tax assessments and rates. Compared to the national median property tax rate of 0.99%, Haskins' property tax bills reflect local economic conditions and municipal funding needs. Homeowners must stay informed about these factors, as they directly impact annual expenses and overall property affordability.
Average Haskins Tax Bill
$3,262
Average Wood County Tax Bill
$2,615
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Haskins, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43525 | $122 | $1,537 | $3,262 | $4,076 | $4,580 |
Source: Ownwell