Quaker City, Ohio Property Taxes
The median property tax rate in Quaker City, OH is 1.20%, which is notably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $84,460 in Quaker City, the typical annual property tax bill is $688, significantly below the national median of $2,690. Property taxes in Quaker City are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Quaker City'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 Quaker City or another part of Belmont County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Quaker City, 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 Quaker City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Quaker City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Quaker City 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 Quaker City, Ohio
Property taxes in Quaker City, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Quaker City is 1.20%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Quaker City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Quaker City 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 Quaker City's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43773 zip code has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with Quaker City provides valuable insights into the varying tax landscape across Belmont County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Quaker City Tax Rate
1.20%
Average Belmont County Tax Rate
1.29%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Quaker City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43773 | 0.96% | 1.17% | 1.20% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Quaker City, Ohio
In Quaker City, 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 Belmont 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. 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 Quaker City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Quaker City, the highest and lowest median tax bills are both $688, with the zip code 43773.
Average Quaker City Assessed Value
$84,460
Average Belmont County Assessed Value
$74,065
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Quaker City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43773 | $14,538 | $27,360 | $84,460 | $102,580 | $125,902 |
Source: Ownwell
Property Tax Bills Across Quaker City, Ohio
In Quaker City, 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, reflecting the property's worth in the current real estate market. Once the assessed value is established, local tax rates are applied to determine the final tax bill. These rates can vary depending on the specific needs and budgets of local government entities, such as schools and public services. For homeowners in Quaker City, the median home price is $84,460. Property tax bills can range significantly, with the 25th percentile at $327 and the 75th percentile at $1,229. At the 90th percentile, homeowners might see bills as high as $1,483. Comparatively, the national median property tax rate is 0.99%, indicating that local rates and property values can greatly influence the tax burden. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations and manage their finances effectively.
Average Quaker City Tax Bill
$688
Average Belmont County Tax Bill
$992
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Quaker City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43773 | $174 | $327 | $688 | $1,229 | $1,483 |
Source: Ownwell