Delphos, Ohio Property Taxes
The median property tax rate in Delphos, OH is 1.18%, slightly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $107,300 in Delphos, the typical annual property tax bill is around $1,235, which is below the national median of $2,690. Property taxes in Delphos 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 Delphos'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 Delphos 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
Delphos, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.18%
Estimate Property Tax Bill
$1,266
$1,175
Ownwell’s Delphos Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Delphos with just two data points. By inputting your property's assessed value, the calculator uses the median tax rate in Delphos to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by Allen County for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Delphos, Ohio
Property taxes in Delphos, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Delphos is 1.18%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Delphos set these rates annually, and they can vary significantly across different neighborhoods. Each year, Delphos 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 Delphos's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45833 zip code has both the highest and lowest median property tax rate of 1.18%. Understanding how these cities compare with Delphos 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 Delphos Tax Rate
1.18%
Average Allen County Tax Rate
1.57%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Delphos, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45833 | 0.97% | 1.16% | 1.18% | 1.20% | 1.23% |
Source: Ownwell
Property Tax Assessment Values Across Delphos, Ohio
In Delphos, 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 Delphos, 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 Delphos helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Delphos both stand at $1,235, found in the 45833 zip code.
Average Delphos Assessed Value
$107,300
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 Delphos, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45833 | $58,030 | $75,825 | $107,300 | $169,475 | $241,070 |
Source: Ownwell
Property Tax Bills Across Delphos, Ohio
In Delphos, located in Allen County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Delphos is $107,300, and property taxes are determined by multiplying the assessed value by the local tax rate. Factors influencing the tax bill include property characteristics, local government budgets, and school district funding needs. Homeowners in Delphos can expect a wide range of tax bills. At the 25th percentile, the tax bill is $863, while at the 75th percentile, it rises to $2002. The highest tax bills, at the 90th percentile, can reach up to $2835. Compared to the national median property tax rate of 0.99%, the tax rates in Delphos reflect the local economic conditions and funding requirements. These tax bills significantly impact homeowners by affecting their monthly mortgage payments and overall cost of homeownership, making it essential for residents to stay informed about their property’s assessed value and any potential exemptions or appeals.
Average Delphos Tax Bill
$1,235
Average Allen County Tax Bill
$1,550
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Delphos, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45833 | $648 | $863 | $1,235 | $2,002 | $2,835 |
Source: Ownwell