Kirby, Ohio Property Taxes
The median property tax rate in Kirby, Ohio is 1.20%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $37,530 in Kirby, the typical annual property tax bill amounts to $396, significantly below the national median of $2,690. Property taxes in Kirby are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Kirby's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Kirby or elsewhere in the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kirby, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$450
Ownwell’s Kirby Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kirby with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kirby 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 Kirby, Ohio
Property taxes in Kirby, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kirby is 1.20%, significantly higher than the U.S. national median of 0.99%. Local government entities within Kirby set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kirby 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 Kirby's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43330 zip code has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Kirby provides valuable insights into the varying tax landscape across Wyandot County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kirby Tax Rate
1.20%
Average Wyandot County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kirby, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43330 | 0.83% | 1.17% | 1.20% | 1.21% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Kirby, Ohio
In Kirby, 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 Wyandot 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 Kirby, 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. For example, the median home price is $37,530, with tax bills ranging from $199 at the 25th percentile to $692 at the 90th percentile. The highest and lowest median tax bill in Kirby is $396 in the 43330 zip code. 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 Kirby helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Kirby Assessed Value
$37,530
Average Wyandot County Assessed Value
$93,115
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kirby, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43330 | $10,685 | $23,215 | $37,530 | $47,752 | $57,985 |
Source: Ownwell
Property Tax Bills Across Kirby, Ohio
In Kirby, Ohio, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate in Kirby is influenced by local levies and the county's financial needs. For instance, the median home price in Kirby is $37,530, and the property tax rate is applied to this assessed value to determine the tax bill. Homeowners can expect a range of tax bills, with the 25th percentile at $199 and the 75th percentile at $570. The highest median tax bill in the area is $396, and the lowest is also $396, both found in the 43330 zip code. These tax bills impact homeowners by adding an annual expense that must be budgeted for, potentially affecting their overall financial planning. Compared to the national median property tax rate of 0.99%, Kirby's tax rates provide a benchmark for evaluating local tax burdens against broader trends.
Average Kirby Tax Bill
$396
Average Wyandot County Tax Bill
$1,190
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Kirby, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43330 | $119 | $199 | $396 | $570 | $692 |
Source: Ownwell