Defiance, Ohio Property Taxes
The median property tax rate in Defiance, OH is 1.32%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Defiance at $129,635, the typical annual property tax bill reaches $1,689, which is below the national median of $2,690. Property taxes in Defiance are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Defiance'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 Defiance 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
Defiance, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Defiance Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Defiance. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Defiance to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, helping you make informed decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, considering any applicable exemptions.
Property Tax Rates Across Defiance, Ohio
Property taxes in Defiance, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Defiance is 1.32%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities in Defiance set these rates annually, and they can vary significantly across different neighborhoods. Each year, Defiance 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 Defiance's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43512 zip code has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Defiance 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 Defiance Tax Rate
1.32%
Average Defiance County Tax Rate
1.30%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Defiance, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43512 | 1.00% | 1.19% | 1.32% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Defiance, Ohio
In Defiance, 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 Defiance, 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. The median home price in Defiance is $129,635, with the 25th percentile tax bill at $1,113 and the 75th percentile tax bill at $2,464. The highest median tax bill in the area is $1,689 in the 43512 zip code. 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 Defiance helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Defiance Assessed Value
$129,635
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 Defiance, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43512 | $12,446 | $79,992 | $129,635 | $193,352 | $292,235 |
Source: Ownwell
Property Tax Bills Across Defiance, Ohio
Property tax bills in Defiance, Ohio, are determined by assessing the market value of a property and then applying the local tax rate. The assessed value is typically a percentage of the market value, which is then multiplied by the tax rate set by local authorities. In Defiance, the median home price stands at $129,635. Homeowners in this area can expect their tax bills to vary significantly, with the 25th percentile tax bill at $1,113 and the 75th percentile at $2,464, reflecting the differences in property values and tax rates within the city. The highest median tax bill recorded in Defiance is $1,689, which is close to the national median property tax rate of 0.99%. This means that homeowners in Defiance generally experience property taxes that are quite manageable compared to other parts of the country. Factors such as property improvements, changes in market value, and local government budget needs can all influence the final tax bill, impacting homeowners' financial planning and overall cost of living.
Average Defiance Tax Bill
$1,689
Average Defiance County Tax Bill
$1,657
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Defiance, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43512 | $647 | $1,113 | $1,689 | $2,464 | $3,559 |
Source: Ownwell