Bryan, Ohio Property Taxes
The median property tax rate in Bryan, Ohio is 2.41%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Bryan at $87,800, the typical annual property tax bill reaches $1,322, exceeding the national median of $2,690. Property taxes in Bryan 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 Bryan'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 Bryan 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
Bryan, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.41%
Estimate Property Tax Bill
$2,116
Ownwell’s Bryan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bryan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bryan 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 Bryan, Ohio
Property taxes in Bryan, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bryan is 2.41%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Bryan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bryan 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 Bryan's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43506 zip code has the highest median property tax rate of 2.41%, while the same zip code also holds the lowest median tax rate of 2.41%. Understanding how these areas compare with Bryan provides valuable insights into the varying tax landscape across Franklin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bryan Tax Rate
2.41%
Average Franklin County Tax Rate
2.10%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bryan, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43506 | 0.94% | 1.64% | 2.41% | 2.41% | 2.41% |
Source: Ownwell
Property Tax Assessment Values Across Bryan, Ohio
In Bryan, 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 Franklin 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 Bryan, 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 example, Bryan’s median home price is $87,800, and tax bills can vary widely. The 25th percentile tax bill is $525, while the 75th percentile tax bill is $2,216, and the 90th percentile tax bill reaches $3,121. 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 Bryan helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bryan Assessed Value
$87,800
Average Franklin County Assessed Value
$168,000
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bryan, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43506 | $10,900 | $34,125 | $87,800 | $135,318 | $216,050 |
Source: Ownwell
Property Tax Bills Across Bryan, Ohio
In Bryan, 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. Various factors such as location, property size, and home improvements influence this assessed value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Bryan, the median home price stands at $87,800. Property tax bills here can vary significantly, with the 25th percentile tax bill at $525 and the 75th percentile reaching $2,216. At the higher end, the 90th percentile tax bill can go up to $3,121. Compared to the national median property tax rate of 0.99%, Bryan’s rates can be seen as relatively moderate, offering a range that accommodates different financial situations. Homeowners should be aware of these factors as they directly impact their annual property tax obligations, influencing overall housing affordability.
Average Bryan Tax Bill
$1,322
Average Franklin County Tax Bill
$3,472
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bryan, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43506 | $263 | $525 | $1,322 | $2,216 | $3,121 |
Source: Ownwell