Port William, Ohio Property Taxes
The median property tax rate in Port William, OH is 1.93%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With the median home value in Port William at $50,055, the typical annual property tax bill reaches $909, which is below the national median of $2,690. Property taxes in Port William are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as the primary residence and agricultural exemptions. Understanding Port William'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 Port William or another part of Clinton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Port William, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.93%
Estimate Property Tax Bill
$966
Ownwell’s PORT WILLIAM Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in PORT WILLIAM with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in PORT WILLIAM 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 Port William, Ohio
Property taxes in Port William, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Port William is 1.93%, significantly higher than the U.S. national median of 0.99%. Local government entities within Port William set these rates annually, and they can vary significantly across different neighborhoods. Each year, Port William 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 Port William's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45164 has the highest median property tax rate of 1.93%, while the same zip code also has the lowest median tax rate of 1.93%. Understanding how these areas compare with Port William provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Port William Tax Rate
1.93%
Average Clinton County Tax Rate
1.56%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Port William, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45164 | 1.31% | 1.63% | 1.93% | 2.29% | 2.69% |
Source: Ownwell
Property Tax Assessment Values Across Port William, Ohio
In Port William, 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 Clinton 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 Port William, 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 Port William helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 45164 reports the highest and lowest median tax bill of $909.
Average Port William Assessed Value
$50,055
Average Clinton County Assessed Value
$106,220
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Port William, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45164 | $6,445 | $24,795 | $50,055 | $71,902 | $98,535 |
Source: Ownwell
Property Tax Bills Across Port William, Ohio
In Port William, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor. This assessed value is then multiplied by the local property tax rate. For example, the median home price in Port William is $50,055. Homeowners can expect their tax bills to vary widely, with the 25th percentile at $520 and the 75th percentile at $1,283. At the 90th percentile, tax bills can reach up to $1,790. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. These property taxes are essential for funding local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, homeowners in Port William experience a range of tax bills that reflect the unique economic and property conditions of the area. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Port William Tax Bill
$909
Average Clinton County Tax Bill
$1,728
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Port William, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45164 | $154 | $520 | $909 | $1,283 | $1,790 |
Source: Ownwell