Ashley, Ohio Property Taxes
The median property tax rate in Ashley, OH is 1.40%, 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 Ashley at $162,950, the typical annual property tax bill reaches $2,210, slightly below the national median of $2,690. Property taxes in Ashley 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 Ashley'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 Ashley 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
Ashley, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$2,281
Ownwell’s Ashley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ashley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ashley 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 Ashley, Ohio
Property taxes in Ashley, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ashley is 1.40%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Ashley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ashley 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 Ashley's effective property tax rate to other areas in Ohio and the national median. For comparison, the 43003 zip code has the highest median property tax rate of 1.40%, while the same zip code also has the lowest median tax rate of 1.40%. Understanding how these areas compare with Ashley provides valuable insights into the varying tax landscape across Delaware County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Ashley Tax Rate
1.40%
Average Delaware County Tax Rate
1.78%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ashley, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43003 | 1.15% | 1.27% | 1.40% | 1.42% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Ashley, Ohio
In Ashley, 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 Delaware 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 Ashley, 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 Ashley is $162,950, with tax bills ranging from $1,524 at the 25th percentile to $4,700 at the 90th percentile. The zip code with both the highest and lowest median tax bill of $2,210 is 43003. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ashley Assessed Value
$162,950
Average Delaware County Assessed Value
$406,400
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Ashley, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43003 | $54,970 | $111,350 | $162,950 | $262,725 | $370,860 |
Source: Ownwell
Property Tax Bills Across Ashley, Ohio
Property tax bills in Ashley, Delaware County, OH, are determined by several key factors, including the assessed value of the property and the local tax rate. The assessed value is a percentage of the property's market value as determined by the county assessor. This value is then multiplied by the local tax rate to calculate the annual tax bill. In Ashley, the median home price is $162,950, which provides a basis for the assessed value calculation. Homeowners in Ashley can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is $1,524, while the 75th percentile tax bill reaches $3,304. At the 90th percentile, some homeowners may pay up to $4,700 annually. These variations are influenced by factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, the tax rates in Ashley reflect a localized approach to property taxation, impacting homeowners' financial planning and potentially influencing property values within the community.
Average Ashley Tax Bill
$2,210
Average Delaware County Tax Bill
$7,016
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Ashley, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43003 | $698 | $1,524 | $2,210 | $3,304 | $4,700 |
Source: Ownwell