Amsterdam, Ohio Property Taxes
The median property tax rate in Amsterdam, OH is 1.32%, which is notably higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $71,595 in Amsterdam, the typical annual property tax bill amounts to $898, falling short of the national median of $2,690. Property taxes in Amsterdam are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Grasping the intricacies of Amsterdam's property tax system, exploring available exemptions, and pinpointing opportunities for reductions can result in significant annual savings. Whether you're situated in the heart of Amsterdam or its surrounding areas, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Amsterdam, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.32%
Estimate Property Tax Bill
$945
Ownwell’s Amsterdam Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Amsterdam with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Amsterdam 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 Amsterdam, Ohio
Property taxes in Amsterdam, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Amsterdam is 1.25%, higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Amsterdam set these rates annually, and they can vary significantly across different neighborhoods. Each year, Amsterdam 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 Amsterdam's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44615 zip code has the highest median property tax rate of 1.92%, while the 43903 zip code has the lowest median tax rate of 1.32%. Understanding how these cities compare with Amsterdam provides valuable insights into the varying tax landscape across Carroll, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Amsterdam Tax Rate
1.32%
Average Carroll County Tax Rate
1.41%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Amsterdam, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43903 | 0.65% | 1.04% | 1.32% | 1.38% | 1.41% |
| 44615 | 1.90% | 1.91% | 1.92% | 1.93% | 1.93% |
Source: Ownwell
Property Tax Assessment Values Across Amsterdam, Ohio
In Amsterdam, 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 Carroll 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 Amsterdam, 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 Carroll County is $900 in the 43903 zip code, while the lowest median tax bill is $265 in the 44615 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 Amsterdam Assessed Value
$71,595
Average Carroll County Assessed Value
$85,895
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Amsterdam, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43903 | $5,426 | $27,585 | $71,870 | $130,610 | $245,902 |
| 44615 | $9,833 | $11,352 | $13,885 | $16,418 | $17,937 |
Source: Ownwell
Property Tax Bills Across Amsterdam, Ohio
Property tax bills in Amsterdam, located in Carroll County, OH, are calculated based on the assessed value of a property, which is a percentage of its market value. Homeowners in Amsterdam typically see property tax bills ranging from $376 at the 25th percentile to $2,182 at the 90th percentile. The median home price in the area is $71,595, and the median tax bill stands at $900, which is significantly lower than the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. For example, properties in the zip code 43903 have the highest median tax bill at $900, while those in zip code 44615 have the lowest at $265. These taxes fund essential public services such as schools, infrastructure, and emergency services. Understanding these factors can help homeowners better anticipate their tax obligations and manage their finances more effectively.
Average Amsterdam Tax Bill
$898
Average Carroll County Tax Bill
$1,225
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Amsterdam, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43903 | $96 | $383 | $900 | $1,497 | $2,190 |
| 44615 | $190 | $218 | $265 | $312 | $340 |
Source: Ownwell