North Baltimore, Ohio Property Taxes
The median property tax rate in North Baltimore, OH is 1.59%, which is 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 North Baltimore at $65,500, the typical annual property tax bill reaches $983, which is still below the national median of $2,690. Property taxes in North Baltimore are calculated based on the tax assessed value, often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding North Baltimore'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 North Baltimore 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
North Baltimore, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$1,041
Ownwell’s North Baltimore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Baltimore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Baltimore 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 North Baltimore, Ohio
Property taxes in North Baltimore, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Baltimore is 1.59%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within North Baltimore set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Baltimore 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 North Baltimore's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45872 zip code has the highest median property tax rate of 1.59%, while the same zip code also has the lowest median tax rate of 1.59%. Understanding how these cities compare with North Baltimore 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 North Baltimore Tax Rate
1.59%
Average Wood County Tax Rate
1.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Baltimore, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45872 | 1.33% | 1.56% | 1.59% | 1.63% | 1.77% |
Source: Ownwell
Property Tax Assessment Values Across North Baltimore, Ohio
In North Baltimore, 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 North Baltimore, 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 North Baltimore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 45872 has the highest median tax bill at $983.00, which is also the lowest median tax bill in the area.
Average North Baltimore Assessed Value
$65,500
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 North Baltimore, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45872 | $2,000 | $6,825 | $65,500 | $112,175 | $173,910 |
Source: Ownwell
Property Tax Bills Across North Baltimore, Ohio
In North Baltimore, located in Wood County, OH, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is a percentage of the property's market value, determined by the county assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions or deductions. For homeowners in North Baltimore, the tax bill can vary significantly. For instance, the 25th percentile tax bill is around $110, while the 75th percentile tax bill reaches $1,723, and the 90th percentile can go up to $2,610. Comparatively, the median home price in North Baltimore is $65,500, which affects the overall tax burden. Homeowners must budget for these taxes, as they can influence the affordability of homeownership. By understanding how these factors interplay, residents can better anticipate their annual property tax obligations.
Average North Baltimore Tax Bill
$983
Average Wood County Tax Bill
$2,615
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across North Baltimore, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45872 | $35 | $110 | $983 | $1,723 | $2,610 |
Source: Ownwell