Cairo, Ohio Property Taxes
The median property tax rate in Cairo, Ohio is 1.68%, which is considerably higher than the national median of 0.99% but slightly below the Ohio state median of 1.80%. With a median home value of $77,600 in Cairo, the typical annual property tax bill reaches $1,383, still below the national median of $2,690. Property taxes in Cairo 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 Cairo'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 Cairo 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
Cairo, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.68%
Estimate Property Tax Bill
$1,304
$1,210
Ownwell’s Cairo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cairo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cairo 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 Cairo, Ohio
Property taxes in Cairo, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cairo is 1.68%, significantly higher than the U.S. national median of 0.99%. Local government entities within Cairo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cairo 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 Cairo's effective property tax rate to other regions and the national median. For comparison, the zip code 45820 has the highest median property tax rate of 1.68%, while the same zip code also has the lowest median tax rate of 1.68%. Understanding how these cities compare with Cairo 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 Cairo Tax Rate
1.68%
Average Allen County Tax Rate
1.57%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cairo, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45820 | 1.25% | 1.64% | 1.68% | 1.85% | 2.74% |
Source: Ownwell
Property Tax Assessment Values Across Cairo, Ohio
In Cairo, 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 Allen 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 Cairo, 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 Cairo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 45820 has the highest median tax bill of $1,383.
Average Cairo Assessed Value
$77,600
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 Cairo, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45820 | $36,900 | $58,100 | $77,600 | $99,400 | $124,940 |
Source: Ownwell
Property Tax Bills Across Cairo, Ohio
In Cairo, Ohio, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $77,600, the assessed value forms the basis of the tax calculation. The tax rate in Allen County is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Cairo may see a range of tax bills, with the 25th percentile at $967 and the 75th percentile reaching $1,930. The 90th percentile tax bill can be as high as $2,352, indicating significant variability based on property characteristics. The highest median tax bill in the area is $1,383, which aligns with the zip code 45820. Compared to the national median property tax rate of 0.99%, Cairo homeowners experience a varied tax landscape that significantly impacts their annual financial planning.
Average Cairo Tax Bill
$1,383
Average Allen County Tax Bill
$1,550
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Cairo, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45820 | $545 | $967 | $1,383 | $1,930 | $2,352 |
Source: Ownwell