Oceola, Ohio Property Taxes
The median property tax rate in OCEOLA, OH is 1.51%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value in OCEOLA of $25,285, the typical annual property tax bill amounts to $382, falling well below the national median of $2,690. Property taxes in OCEOLA are calculated based on the tax assessed value, which is usually less than the market value due to exemptions like those for primary residences and agricultural properties. Understanding OCEOLA's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of OCEOLA or another part of the city, getting a grasp on the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oceola, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$382
Ownwell’s OCEOLA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in OCEOLA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in OCEOLA 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 Oceola, Ohio
Property taxes in OCEOLA, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in OCEOLA is 1.51%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within OCEOLA set these rates annually, and they can vary significantly across different neighborhoods. Each year, OCEOLA 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 OCEOLA's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44860 zip code has both the highest and lowest median property tax rate of 1.51%. Understanding how these cities compare with OCEOLA provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Oceola Tax Rate
1.51%
Average Crawford County Tax Rate
1.54%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oceola, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44860 | 1.48% | 1.50% | 1.51% | 1.51% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Oceola, Ohio
In OCEOLA, 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 Crawford County Auditor 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 OCEOLA, 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 OCEOLA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 44860, with a median tax bill of $382.00.
Average Oceola Assessed Value
$25,285
Average Crawford County Assessed Value
$73,770
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Oceola, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44860 | $9,033 | $11,378 | $25,285 | $71,392 | $86,346 |
Source: Ownwell
Property Tax Bills Across Oceola, Ohio
In Oceola, located in Crawford County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. This assessed value is then multiplied by the local tax rate to determine the property tax bill. Several factors influence the assessed value, including the home's size, location, and condition. For homeowners in Oceola, the median home price is $25,285, and property tax bills can vary significantly. For example, the 25th percentile tax bill is $172, while the 75th percentile reaches $1,054, and the 90th percentile can go up to $1,275. These figures highlight the range of property tax obligations that homeowners might face. Compared to the national median property tax rate of 0.99%, the property tax landscape in Oceola can be quite diverse, impacting homeowners differently based on their property's assessed value and specific circumstances.
Average Oceola Tax Bill
$382
Average Crawford County Tax Bill
$1,141
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Oceola, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44860 | $136 | $172 | $382 | $1,054 | $1,275 |
Source: Ownwell