Vickery, Ohio Property Taxes
The median property tax rate in Vickery, OH is 1.54%, 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 Vickery at $50,795, the typical annual property tax bill reaches $932, which is below the national median of $2,690. Property taxes in Vickery 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 Vickery'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 Vickery 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
Vickery, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.54%
Estimate Property Tax Bill
$782
Ownwell’s Vickery Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vickery with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vickery 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 Vickery, Ohio
Property taxes in Vickery, Ohio, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Vickery is 1.54%, significantly higher than both the Ohio state median of 1.52% and the U.S. national median of 0.99%. Local government entities within Vickery set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vickery 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 Vickery's effective property tax rate to other areas in Ohio and the national median. For comparison, the highest median property tax rate in the area is also 1.54%, while the lowest median tax rate is equally 1.54%. Understanding how these cities compare with Vickery provides valuable insights into the varying tax landscape across Sandusky County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Vickery Tax Rate
1.54%
Average Erie County Tax Rate
1.63%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vickery, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43464 | 1.50% | 1.51% | 1.54% | 1.90% | 2.56% |
Source: Ownwell
Property Tax Assessment Values Across Vickery, Ohio
In Vickery, 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. Assessment notices in Vickery 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 Vickery is $50,795, with tax bills ranging from $507 at the 25th percentile to $2,607 at the 90th percentile. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Vickery Assessed Value
$50,795
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 Vickery, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43464 | $13,443 | $30,735 | $50,795 | $106,480 | $183,945 |
Source: Ownwell
Property Tax Bills Across Vickery, Ohio
In Vickery, located in Erie County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value of the property. Homeowners in Vickery see their tax bills influenced by various factors including the property's assessed value, local tax rates, and any applicable exemptions. For instance, with a median home price of $50,795, the property tax bill can range significantly. At the 25th percentile, homeowners might pay around $507, while those at the 75th percentile could see bills as high as $1,773. The top 10% of property tax bills can go up to $2,607. These figures highlight the variability in tax burdens across different properties. Compared to the national median property tax rate of 0.99%, Vickery's tax rates can be relatively moderate or high, impacting household budgets differently. This variability underscores the importance for homeowners to understand their specific tax obligations and potential exemptions to better manage their finances.
Average Vickery Tax Bill
$932
Average Erie County Tax Bill
$2,003
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Vickery, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43464 | $263 | $507 | $932 | $1,773 | $2,607 |
Source: Ownwell