St Marys, Ohio Property Taxes
The median property tax rate in St Marys, OH is 2.36%, considerably higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in St Marys at $19,510, the typical annual property tax bill reaches $491, which is significantly lower than the national median of $2,690. Property taxes in St 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 St 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 St 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
St Marys, 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 St. Marys Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in St. Marys with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in St. Marys 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 St Marys, Ohio
Property taxes in St. Marys, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in St. Marys is 2.36%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within St. Marys set these rates annually, and they can vary significantly across different neighborhoods. Each year, St. 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 St. Marys' effective property tax rate to other counties in Ohio and the national median. For comparison, the 45885 zip code has the highest median property tax rate of 2.36%, while the same zip code also has the lowest median tax rate of 2.36%. Understanding how these cities compare with St. 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 St Marys Tax Rate
2.36%
Average Auglaize County Tax Rate
1.86%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across St Marys, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45885 | 1.90% | 2.21% | 2.36% | 2.48% | 2.81% |
Source: Ownwell
Property Tax Assessment Values Across St Marys, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in St Marys, Ohio. 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 St 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. Being aware of these valuation processes in St Marys helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In St Marys, the highest median tax bill is $491.00 in the 45885 zip code, while the lowest median tax bill is also $491.00 in the same zip code.
Average St Marys Assessed Value
$19,510
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 St Marys, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45885 | $2,550 | $7,245 | $19,510 | $62,155 | $209,742 |
Source: Ownwell
Property Tax Bills Across St Marys, Ohio
In St. Marys, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Factors such as the property's location, size, and condition influence this assessment. The local tax rate is then applied to the assessed value to determine the annual tax bill. Homeowners in St. Marys, located in Auglaize County, experience varying tax bills. For instance, the 25th percentile tax bill is $179, while the 75th percentile tax bill is $1,404. The 90th percentile tax bill can go as high as $4,082. These figures highlight the range of property tax burdens homeowners might face. The median home price in St. Marys is $19,510. When compared to the national median property tax rate of 0.99%, the local tax rates and home values significantly impact the overall tax liability. Understanding these factors helps homeowners anticipate their property tax responsibilities and manage their finances more effectively.
Average St Marys Tax Bill
$491
Average Auglaize County Tax Bill
$2,263
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across St Marys, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45885 | $61 | $179 | $491 | $1,404 | $4,082 |
Source: Ownwell