Saint Marys, Ohio Property Taxes
The median property tax rate in Saint Marys, OH is 2.15%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Saint Marys at $115,545, the typical annual property tax bill reaches $2,382, close to the national median of $2,690. Property taxes in Saint Marys 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 Saint Marys' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Saint Marys 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
Saint Marys, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.15%
Estimate Property Tax Bill
$2,484
Ownwell’s Saint Marys Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Saint Marys with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Saint Marys to provide an estimate of your property tax bill. This valuable tool allows you to understand potential tax liabilities better. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Saint Marys, Ohio
Property taxes in Saint Marys, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Marys is 2.15%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Saint Marys set these rates annually, and they can vary across different neighborhoods. Each year, Saint Marys 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 Saint Marys' effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45885 has the highest median property tax rate of 2.15%, while the same zip code also has the lowest median tax rate of 2.15%. Understanding how these cities compare with Saint Marys 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 Saint Marys Tax Rate
2.15%
Average Auglaize County Tax Rate
1.86%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Marys, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45885 | 1.87% | 2.00% | 2.15% | 2.33% | 2.48% |
Source: Ownwell
Property Tax Assessment Values Across Saint Marys, Ohio
In Saint Marys, 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 Saint Marys, 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. For instance, the highest median tax bill in the area is $2,382 in the 45885 zip code, while the lowest median tax bill is also $2,382 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saint Marys Assessed Value
$115,545
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 Saint Marys, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45885 | $8,740 | $60,150 | $115,545 | $186,582 | $266,348 |
Source: Ownwell
Property Tax Bills Across Saint Marys, Ohio
In Saint Marys, located in Auglaize County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the property's size, condition, and location can influence its assessed value. For instance, the median home price in Saint Marys is $115,545, and tax bills can vary significantly within the area. Homeowners in Saint Marys can expect their property tax bills to range widely. For example, the 25th percentile tax bill is around $1,321, while those in the 75th percentile pay approximately $3,780. At the higher end, the 90th percentile tax bill reaches up to $5,481. These variations can significantly impact homeowners' financial planning and budgeting. Compared to the national median property tax rate of 0.99%, understanding these local factors is crucial for managing homeownership costs effectively.
Average Saint Marys Tax Bill
$2,382
Average Auglaize County Tax Bill
$2,263
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Marys, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45885 | $214 | $1,321 | $2,382 | $3,780 | $5,481 |
Source: Ownwell