Weston, Ohio Property Taxes
The median property tax rate in Weston, OH is 1.49%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Weston at $103,300, the typical annual property tax bill reaches $1,499, exceeding the national median of $2,690. Property taxes in Weston 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 Weston'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 Weston 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
Weston, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$1,539
Ownwell’s Weston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weston 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 Weston, Ohio
Property taxes in Weston, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weston is 1.49%, which is higher than the U.S. national median of 0.99%. Local government entities within Weston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weston 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 Weston's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43569 zip code has the highest median property tax rate of 1.49%, while the same zip code also has the lowest median tax rate of 1.49%. Understanding how these cities compare with Weston 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 Weston Tax Rate
1.49%
Average Wood County Tax Rate
1.62%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Weston, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43569 | 1.25% | 1.41% | 1.49% | 1.52% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Weston, Ohio
In Weston, 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 Weston, 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 Weston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Weston is $1,499 in the 43569 zip code, while the lowest median tax bill is also $1,499 in the same zip code.
Average Weston Assessed Value
$103,300
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 Weston, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43569 | $3,900 | $41,100 | $103,300 | $161,450 | $247,290 |
Source: Ownwell
Property Tax Bills Across Weston, Ohio
In Weston, Ohio, located in Wood County, property tax bills are calculated based on the assessed value of the property, which is a percentage of its market value. The median home price in Weston is $103,300, and property taxes are determined by applying the local tax rate to this assessed value. Factors such as property location, improvements, and market trends influence the assessed value. Homeowners in Weston typically see tax bills that vary widely. For instance, the 25th percentile tax bill is $558, while the 75th percentile tax bill reaches $2,326, and the 90th percentile tax bill can be as high as $3,598. This range indicates significant variability based on property characteristics and assessed values. Compared to the national median property tax rate of 0.99%, Weston’s tax bills reflect the local economic conditions and tax policies. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Weston Tax Bill
$1,499
Average Wood County Tax Bill
$2,615
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Weston, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43569 | $57 | $558 | $1,499 | $2,326 | $3,598 |
Source: Ownwell