Saint Henry, Ohio Property Taxes
The median property tax rate in Saint Henry, OH is 1.26%, 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 $187,575 in Saint Henry, the typical annual property tax bill amounts to $2,407, which is below the national median of $2,690. Property taxes in Saint Henry are based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Saint Henry's property tax system, exploring available exemptions, and identifying potential reductions can result in significant annual savings. Whether you're in the heart of Saint Henry or another part of the city, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Henry, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.26%
Estimate Property Tax Bill
$2,363
$2,193
Ownwell’s Saint Henry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Henry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Henry 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 Saint Henry, Ohio
Property taxes in Saint Henry, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Henry is 1.26%, notably higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Saint Henry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Henry 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 Saint Henry's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45883 zip code has the highest median property tax rate of 1.26%, while the same zip code also has the lowest median tax rate of 1.26%. Understanding how these cities compare with Saint Henry provides valuable insights into the varying tax landscape across Darke County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Henry Tax Rate
1.26%
Average Darke County Tax Rate
1.34%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Henry, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45883 | 1.11% | 1.21% | 1.26% | 1.28% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across Saint Henry, Ohio
In Saint Henry, 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 Darke 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 Saint Henry, 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 Saint Henry is $2,407 in the 45883 zip code, which is also the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Saint Henry Assessed Value
$187,575
Average Darke County Assessed Value
$110,800
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Henry, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45883 | $110,252 | $153,155 | $187,575 | $241,460 | $319,400 |
Source: Ownwell
Property Tax Bills Across Saint Henry, Ohio
In the city of Saint Henry, located in Darke County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor. The assessed value is a percentage of the property's market value. This value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. For instance, the median home price in Saint Henry is $187,575. Homeowners in the 25th percentile can expect to pay around $1,954 annually, while those in the 75th percentile might see bills as high as $3,049. At the 90th percentile, property tax bills can reach up to $4,047. These tax bills impact homeowners by contributing to the overall cost of homeownership. Compared to the national median property tax rate of 0.99%, Saint Henry's property tax rates are reflective of the local economic conditions and public service funding needs.
Average Saint Henry Tax Bill
$2,407
Average Darke County Tax Bill
$1,406
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Henry, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45883 | $1,297 | $1,954 | $2,407 | $3,049 | $4,047 |
Source: Ownwell