De Graff, Ohio Property Taxes
The median property tax rate in DE GRAFF, OH is 1.24%, which is higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in DE GRAFF at $153,870, the typical annual property tax bill reaches $1,912, falling below the national median of $2,690. Property taxes in DE GRAFF 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 DE GRAFF'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 DE GRAFF 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
De Graff, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.24%
Estimate Property Tax Bill
$1,908
$1,771
Ownwell’s DE GRAFF Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DE GRAFF with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DE GRAFF 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 De Graff, Ohio
Property taxes in De Graff, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in De Graff is 1.24%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within De Graff set these rates annually, and they can vary significantly across different neighborhoods. Each year, De Graff 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 De Graff's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43318 has the highest median property tax rate of 1.24%, while the same zip code also has the lowest median tax rate of 1.24%. Understanding how these cities compare with De Graff provides valuable insights into the varying tax landscape across Champaign County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average De Graff Tax Rate
1.24%
Average Champaign County Tax Rate
1.33%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across De Graff, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43318 | 0.51% | 0.94% | 1.24% | 1.32% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across De Graff, Ohio
In De Graff, 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 Champaign 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 De Graff, 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 De Graff helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in De Graff is $153,870, with tax bills ranging from $978 at the 25th percentile to $4,261 at the 90th percentile. The highest and lowest median tax bills are both $1,912, found in zip code 43318.
Average De Graff Assessed Value
$153,870
Average Champaign County Assessed Value
$139,430
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across De Graff, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43318 | $11,906 | $74,580 | $153,870 | $286,120 | $614,738 |
Source: Ownwell
Property Tax Bills Across De Graff, Ohio
In De Graff, Ohio, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $153,870, the assessed value is determined by local assessors. Tax rates are applied to this assessed value to calculate the annual tax bill. Factors influencing the tax bill include the property’s location within Champaign County, local levy rates, and any applicable exemptions or reductions. Homeowners in De Graff experience a range of property tax bills. At the 25th percentile, tax bills are around $978, while those at the 75th percentile can expect to pay approximately $3,051. The highest tax bills, at the 90th percentile, reach up to $4,261. Compared to the national median property tax rate of 0.99%, De Graff's rates reflect the local government's funding needs for services like schools, infrastructure, and public safety. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average De Graff Tax Bill
$1,912
Average Champaign County Tax Bill
$1,926
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across De Graff, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43318 | $318 | $978 | $1,912 | $3,051 | $4,261 |
Source: Ownwell