Beaverdam, Ohio Property Taxes
The median property tax rate in Beaverdam, OH is 1.31%, which is higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $71,450, the typical annual property tax bill in Beaverdam is $907, which is below the national median of $2,690. Property taxes in Beaverdam are calculated based on the assessed value, often lower than market value due to exemptions such as those for primary residences and agricultural land. By understanding Beaverdam's property tax system and exploring available exemptions, homeowners and real estate investors can identify opportunities for significant annual savings. Whether you're in the heart of Beaverdam or another part of Allen County, a thorough understanding of the local property tax system is invaluable.
Last Updated June 14, 2024
Beaverdam, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$936
Ownwell’s Beaverdam Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beaverdam with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beaverdam 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 Beaverdam, Ohio
Property taxes in Beaverdam, Ohio, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Beaverdam is 1.31%, significantly higher than both the Ohio state median of 1.41% and the U.S. national median of 0.99%. Local government entities within Beaverdam set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beaverdam 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 Beaverdam's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45808 has the highest median property tax rate of 1.31%, while the same zip code also has the lowest median tax rate of 1.31%. Understanding how these areas compare with Beaverdam provides valuable insights into the varying tax landscape across Allen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beaverdam Tax Rate
1.31%
Average Allen County Tax Rate
1.57%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beaverdam, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45808 | 0.97% | 1.27% | 1.31% | 1.33% | 1.39% |
Source: Ownwell
Property Tax Assessment Values Across Beaverdam, Ohio
In Beaverdam, 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 county authorities 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 Beaverdam, 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 Beaverdam helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 45808 has the highest median tax bill at $907, which also represents the lowest median tax bill in the region.
Average Beaverdam Assessed Value
$71,450
Average Allen County Assessed Value
$103,100
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beaverdam, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45808 | $27,860 | $58,000 | $71,450 | $85,175 | $100,660 |
Source: Ownwell
Property Tax Bills Across Beaverdam, Ohio
In Beaverdam, located in Allen County, OH, property tax bills are calculated based on the assessed value of a home combined with the local tax rate. The assessed value is a percentage of the market value determined by the county assessor. Homeowners in Beaverdam experience a range of property tax bills, with the 25th percentile at $701 and the 75th percentile reaching $1,085. The 90th percentile tax bill can go up to $1,294, reflecting higher-valued properties or areas with higher tax rates. Several factors influence these tax bills, including the home's assessed value, local tax levies, and any applicable exemptions or deductions. Homeowners in Beaverdam should be aware of these factors as they can significantly impact their annual property tax obligations. Compared to the national median property tax rate of 0.99%, Beaverdam's property tax bills can be seen as relatively moderate, making it crucial for homeowners to stay informed and consider appealing their assessments if they believe their property is overvalued.
Average Beaverdam Tax Bill
$907
Average Allen County Tax Bill
$1,550
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Beaverdam, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45808 | $377 | $701 | $907 | $1,085 | $1,294 |
Source: Ownwell