Harrod, Ohio Property Taxes
In Harrod, OH, the median property tax rate is 1.65%, which is considerably higher than the national median of 0.99% but slightly lower than the Ohio state median of 1.80%. With the median home value in Harrod at $146,340, the typical annual property tax bill reaches $2,712, closely aligning with the national median of $2,690. Property taxes here 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 Harrod'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 Harrod 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
Harrod, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.65%
Estimate Property Tax Bill
$2,415
Ownwell’s Harrod Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harrod with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harrod 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 Harrod, Ohio
Property taxes in Harrod, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harrod is 1.65%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Harrod set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harrod 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 Harrod's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45850 zip code has the highest median property tax rate of 1.65%, while the same zip code also has the lowest median tax rate of 1.65%. Understanding how these cities compare with Harrod 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 Harrod Tax Rate
1.65%
Average Auglaize County Tax Rate
1.86%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harrod, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45850 | 1.46% | 1.53% | 1.65% | 1.93% | 2.45% |
Source: Ownwell
Property Tax Assessment Values Across Harrod, Ohio
In Harrod, 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 Harrod, 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 Harrod helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Harrod is $2712 in zip code 45850, while the lowest median tax bill is also $2712 in the same zip code.
Average Harrod Assessed Value
$146,340
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 Harrod, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45850 | $59,068 | $119,400 | $146,340 | $281,620 | $336,932 |
Source: Ownwell
Property Tax Bills Across Harrod, Ohio
In Harrod, located in Auglaize County, OH, property tax bills are calculated based on the assessed value of the property, which is determined by the county's appraisal office. The assessed value typically represents a percentage of the property's market value. Once the assessed value is established, it is multiplied by the local property tax rate to calculate the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. For example, in Harrod, the median home price is $146,340, and property tax bills can vary significantly, with the 25th percentile at $2,003 and the 90th percentile reaching up to $6,389. These taxes are essential for funding local services such as schools, public safety, and infrastructure. Homeowners in Harrod should be aware of how their property's assessed value and the local tax rate affect their annual tax obligations, as these can significantly impact their financial planning and overall cost of homeownership.
Average Harrod Tax Bill
$2,712
Average Auglaize County Tax Bill
$2,263
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Harrod, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45850 | $1,345 | $2,003 | $2,712 | $4,705 | $6,389 |
Source: Ownwell