Rossford, Ohio Property Taxes
The median property tax rate in Rossford, OH is 1.86%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Rossford at $133,400, the typical annual property tax bill reaches $2,398, slightly below the national median of $2,690. Property taxes in Rossford 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 Rossford'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 Rossford 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
Rossford, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.86%
Estimate Property Tax Bill
$2,481
Ownwell’s Rossford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rossford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rossford 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 Rossford, Ohio
Property taxes in Rossford, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rossford is 1.86%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Rossford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rossford 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 Rossford's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 43460 has the highest median property tax rate of 1.86%, while the same zip code also has the lowest median tax rate of 1.86%. Understanding how these areas compare with Rossford 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 Rossford Tax Rate
1.86%
Average Wood County Tax Rate
1.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rossford, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43460 | 1.62% | 1.86% | 1.86% | 1.87% | 1.89% |
Source: Ownwell
Property Tax Assessment Values Across Rossford, Ohio
In Rossford, 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 Auditor 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 Rossford, 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 Rossford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 43460 has the highest and lowest median tax bill at $2398.00.
Average Rossford Assessed Value
$133,400
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 Rossford, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43460 | $12,600 | $62,500 | $133,400 | $184,200 | $253,700 |
Source: Ownwell
Property Tax Bills Across Rossford, Ohio
In Rossford, located in Wood County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is typically a percentage of the property's market value. For example, with a median home price of $133,400, the assessed value is used to apply the property tax rate, which in Ohio averages around 1.52%, higher than the national median of 0.99%. Homeowners in Rossford can expect their tax bills to vary significantly. The 25th percentile tax bill is $1,082, while the 75th percentile reaches $3,361, and the 90th percentile can be as high as $4,681. These variations depend on factors such as property location, improvements, and specific local levies. High property taxes can impact homeowners by increasing the overall cost of property ownership, affecting affordability and potentially influencing decisions on buying or selling homes. Understanding these factors is crucial for homeowners to manage their finances effectively and anticipate future tax obligations.
Average Rossford Tax Bill
$2,398
Average Wood County Tax Bill
$2,615
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Rossford, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43460 | $234 | $1,082 | $2,398 | $3,361 | $4,681 |
Source: Ownwell