Continental, Defiance County, Ohio Property Taxes
The median property tax rate in Continental, OH is 1.31%, higher than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value of $165,025 in Continental, the typical annual property tax bill amounts to $1,965, which is below the national median of $2,690. Property taxes in Continental are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Continental'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 Continental 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
Continental, Defiance County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$2,162
$2,006
Ownwell’s Continental Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Continental with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Continental 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 Continental, Defiance County, Ohio
Property taxes in Continental, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Continental is 1.31%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Continental set these rates annually, and they can vary significantly across different neighborhoods. Each year, Continental 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 Continental's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45831 zip code has the highest median property tax rate of 1.31%, while the same zip code also has the lowest median tax rate of 1.31%. Understanding how these cities compare with Continental 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 Continental Tax Rate
1.31%
Average Defiance County Tax Rate
1.30%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Continental, Defiance County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45831 | 0.91% | 1.04% | 1.31% | 1.34% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Continental, Defiance County, Ohio
In Continental, 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 Defiance 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 Continental, 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. The median home price in the area is $165,025, with tax bills ranging from $1,207 at the 25th percentile to $3,496 at the 90th percentile. The highest and lowest median tax bills are both $1,965 in the 45831 zip code. Being aware of these valuation processes in Continental helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Continental, Defiance County, Ohio
Source: Ownwell
$71,690
$125,170
$178,650
Average Continental Assessed Value
$165,025
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 Continental, Defiance County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45831 | $11,524 | $110,848 | $165,025 | $277,570 | $339,764 |
Source: Ownwell
Property Tax Bills Across Continental, Defiance County, Ohio
Property tax bills in Continental, located in Defiance County, OH, are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor. In Continental, the median home price stands at $165,025. Homeowners can expect their property tax bills to vary significantly. For instance, those in the 25th percentile face an annual tax bill of $1,207, while those in the 75th percentile see bills around $2,654. At the 90th percentile, tax bills can reach up to $3,496. These figures are influenced by factors such as property location, size, and any applicable exemptions or deductions. Comparatively, the national median property tax rate is 0.99%, which provides context for evaluating the local tax burden. Understanding these components helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Continental Tax Bill
$1,965
Average Defiance County Tax Bill
$1,657
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Continental, Defiance County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45831 | $154 | $1,207 | $1,965 | $2,654 | $3,496 |
Source: Ownwell