Huron, Ohio Property Taxes
The median property tax rate in Huron, Ohio is 1.47%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $172,135 in Huron, the typical annual property tax bill reaches $2,588, slightly below the national median of $2,690. Property taxes in Huron are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Huron'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 Huron 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
Huron, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$2,530
Ownwell’s Huron Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Huron with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Huron to estimate your property tax bill. This valuable tool provides a clear understanding of potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available by scrolling down. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Huron, Ohio
Property taxes in Huron, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Huron is 1.47%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Huron set these rates annually, and they can vary significantly across different neighborhoods. Each year, Huron 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 Huron's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44839 zip code has the highest median property tax rate of 1.47%, while the same 44839 zip code also has the lowest median tax rate of 1.47%. Understanding how these cities compare with Huron provides valuable insights into the varying tax landscape across Erie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Huron Tax Rate
1.47%
Average Erie County Tax Rate
1.63%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huron, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44839 | 1.33% | 1.42% | 1.47% | 1.62% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Huron, Ohio
In Huron, 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 Erie 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 Huron, 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. For instance, the median home price in Huron is $172,135, with tax bills ranging from $1,806 at the 25th percentile to $4,899 at the 90th percentile. The highest median tax bill is $2,588 in the 44839 zip code, which also has the lowest median tax bill. By understanding 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 Huron helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Huron Assessed Value
$172,135
Average Erie County Assessed Value
$126,310
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Huron, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44839 | $52,979 | $114,325 | $172,135 | $243,200 | $327,512 |
Source: Ownwell
Property Tax Bills Across Huron, Ohio
In Huron, Erie County, OH, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The median home price in this area is $172,135. The local property tax rate is then applied to this assessed value to determine the tax bill. For instance, the tax bill at the 25th percentile is $1,806, while at the 75th percentile, it rises to $3,627. Homeowners in the 90th percentile can expect to pay around $4,899. Factors influencing the tax bill include the home's assessed value, the local tax rate, and any applicable exemptions or deductions. These tax bills impact homeowners by affecting their annual expenses and potentially influencing their decisions to buy or sell property. Comparatively, Huron's property tax rates and bills can be higher than the national median property tax rate of 0.99%, making it crucial for homeowners to understand how these factors play into their overall financial planning.
Average Huron Tax Bill
$2,588
Average Erie County Tax Bill
$2,003
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Huron, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44839 | $840 | $1,806 | $2,588 | $3,627 | $4,899 |
Source: Ownwell