Bryan, Ohio Property Taxes
The median property tax rate in Bryan, Ohio is 1.17%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $138,840 in Bryan, the typical annual property tax bill amounts to $1,691, falling below the national median of $2,690. Property taxes in Bryan are calculated based on the tax assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. By understanding Bryan's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether residing in the heart of Bryan or its surrounding areas, gaining insight into the local property tax system is advantageous for all property owners.
Last Updated June 14, 2024
Bryan, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,624
Ownwell’s Bryan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bryan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bryan 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 Bryan, Ohio
Property taxes in Bryan, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bryan is 1.17%, which is higher than the U.S. national median of 0.99%. Local government entities within Bryan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bryan 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 Bryan's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43506 zip code has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Bryan provides valuable insights into the varying tax landscape across Defiance County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bryan Tax Rate
1.17%
Average Defiance County Tax Rate
1.30%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bryan, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43506 | 0.64% | 1.06% | 1.17% | 1.21% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Bryan, Ohio
In Bryan, 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 local 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 Bryan, 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 Bryan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Bryan are both $1,691, occurring in the 43506 zip code.
Average Bryan Assessed Value
$138,840
Average Defiance County Assessed Value
$127,250
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bryan, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43506 | $19,029 | $84,048 | $138,840 | $269,130 | $462,650 |
Source: Ownwell
Property Tax Bills Across Bryan, Ohio
In Bryan, OH, property tax bills are calculated based on the assessed value of a home and the applicable tax rate set by local authorities. The assessed value is typically a percentage of the market value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the size, location, and condition of the property. For homeowners in Bryan, the median home price is $138,840. Property tax bills can vary significantly; for example, the 25th percentile tax bill is $1,036, while the 75th percentile tax bill is $2,879, and the 90th percentile tax bill reaches $4,311. These property taxes fund essential public services like schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, the property tax rate in Bryan can have a substantial impact on homeowners' annual expenses, influencing both their budget and the overall affordability of owning a home in this area.
Average Bryan Tax Bill
$1,691
Average Defiance County Tax Bill
$1,657
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bryan, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43506 | $412 | $1,036 | $1,691 | $2,879 | $4,311 |
Source: Ownwell