Botkins, Ohio Property Taxes
The median property tax rate in Botkins, OH is 1.89%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Botkins at $210,325, the typical annual property tax bill reaches $3,688, exceeding the national median of $2,690. Property taxes in Botkins 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 Botkins' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Botkins 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
Botkins, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Botkins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Botkins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Botkins 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 Auglaize County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Botkins, Ohio
Property taxes in Botkins, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Botkins is 1.89%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Botkins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Botkins 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 Botkins' effective property tax rate to other counties in Ohio and the national median. For comparison, the 45306 zip code has the highest median property tax rate of 1.89%, while the same zip code also has the lowest median tax rate of 1.89%. Understanding how these cities compare with Botkins provides valuable insights into the varying tax landscape across Auglaize County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Botkins Tax Rate
1.89%
Average Auglaize County Tax Rate
1.86%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Botkins, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45306 | 1.43% | 1.52% | 1.89% | 2.18% | 2.29% |
Source: Ownwell
Property Tax Assessment Values Across Botkins, Ohio
In Botkins, 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 Auglaize 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 Botkins, 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. The highest median tax bill in Botkins is $3,688 in the 45306 zip code, which is significantly above the national median property tax rate. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Botkins Assessed Value
$210,325
Average Auglaize County Assessed Value
$135,635
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Botkins, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45306 | $63,122 | $143,040 | $210,325 | $304,615 | $355,514 |
Source: Ownwell
Property Tax Bills Across Botkins, Ohio
Property tax bills in Botkins, located in Auglaize County, OH, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and then applies an assessment ratio. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Botkins, the median home price is $210,325. Property tax bills can vary significantly, with the 25th percentile tax bill at $2,424 and the 75th percentile reaching $5,281. At the higher end, the 90th percentile tax bill is $7,113. Compared to the national median property tax rate of 0.99%, Botkins’ tax bills reflect the local tax policies and property values. These taxes fund essential services such as public schools, infrastructure, and emergency services, directly impacting the community and homeowners' cost of living. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Botkins Tax Bill
$3,688
Average Auglaize County Tax Bill
$2,263
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Botkins, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45306 | $1,349 | $2,424 | $3,688 | $5,281 | $7,113 |
Source: Ownwell