Cridersville, Ohio Property Taxes
The median property tax rate in Cridersville, OH is 1.95%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Cridersville at $108,800, the typical annual property tax bill reaches $2,069, which is below the national median of $2,690. Property taxes in Cridersville 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 Cridersville'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 Cridersville or another part of Allen County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cridersville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.95%
Estimate Property Tax Bill
$2,122
$1,969
Ownwell’s Cridersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cridersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cridersville 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 Cridersville, Ohio
Property taxes in Cridersville, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Cridersville is 1.95%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Cridersville set these rates annually, and they can vary across different neighborhoods. Each year, Cridersville 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 Cridersville's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 45806 has both the highest and lowest median property tax rate of 1.95%. Understanding how these areas compare with Cridersville 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 Cridersville Tax Rate
1.95%
Average Allen County Tax Rate
1.57%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cridersville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45806 | 1.52% | 1.95% | 1.95% | 1.99% | 2.41% |
Source: Ownwell
Property Tax Assessment Values Across Cridersville, Ohio
In Cridersville, 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 Cridersville, 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 Cridersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Cridersville is $108,800, with the 25th percentile tax bill at $1,660 and the 75th percentile tax bill at $2,586. The highest and lowest median tax bills are both $2,069, found in zip code 45806.
Average Cridersville Assessed Value
$108,800
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 Cridersville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45806 | $66,600 | $83,300 | $108,800 | $133,700 | $152,740 |
Source: Ownwell
Property Tax Bills Across Cridersville, Ohio
In Cridersville, Allen County, OH, property tax bills are calculated based on the assessed value of a property. This assessed value is determined by the county assessor and typically reflects a percentage of the property's market value. For instance, a home with a median price of $108,800 would have its taxes calculated on the assessed value, which is a fraction of this market price. The tax rate in Cridersville is applied to this assessed value to determine the annual property tax bill. Several factors influence the final tax bill, including local tax rates, which can vary within the county. Homeowners in Cridersville can expect tax bills ranging from $1,660 at the 25th percentile to $3,074 at the 90th percentile, with a median tax bill of $2,069. This is higher than the national median property tax rate of 0.99%. These property taxes fund essential public services such as schools, infrastructure, and emergency services, impacting the overall quality of life for homeowners. Understanding these factors can help homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Cridersville Tax Bill
$2,069
Average Allen County Tax Bill
$1,550
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Cridersville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45806 | $1,241 | $1,660 | $2,069 | $2,586 | $3,074 |
Source: Ownwell