Archbold, Ohio Property Taxes
The median property tax rate in Archbold, OH is 2.23%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value of $126,950 in Archbold, the typical annual property tax bill reaches $2,871, exceeding the national median of $2,690. Property taxes in Archbold 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 Archbold'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 Archbold or another part of Fulton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Archbold, 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 Archbold Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Archbold with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Archbold 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 Archbold, Ohio
Property taxes in Archbold, Ohio, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Archbold is 2.23%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Archbold set these rates annually, and they can vary significantly across different neighborhoods. Each year, Archbold 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 Archbold's effective property tax rate to other areas in Ohio and the national median. For comparison, the 43502 zip code has the highest median property tax rate of 2.23%, while the same zip code also has the lowest median tax rate of 2.23%. Understanding how these figures compare with Archbold provides valuable insights into the varying tax landscape across Fulton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Archbold Tax Rate
2.23%
Average Fulton County Tax Rate
1.94%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Archbold, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43502 | 1.80% | 2.12% | 2.23% | 2.36% | 2.42% |
Source: Ownwell
Property Tax Assessment Values Across Archbold, Ohio
In Archbold, 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 Fulton 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 Archbold, 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. Being aware of these valuation processes in Archbold helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Archbold is 43502, with a median tax bill of $2,871.
Average Archbold Assessed Value
$126,950
Average Fulton County Assessed Value
$117,800
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Archbold, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43502 | $57,500 | $89,750 | $126,950 | $178,150 | $253,790 |
Source: Ownwell
Property Tax Bills Across Archbold, Ohio
Property tax bills in Archbold, located in Fulton County, OH, are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. Several factors influence this calculation, including the property's market value, any applicable exemptions, and the specific tax rate set by local authorities. For homeowners in Archbold, the property tax burden can vary significantly. The median home price in the area is $126,950. Tax bills range from $2,140 at the 25th percentile to $5,586 at the 90th percentile, showcasing the variability based on property value and other factors. Comparatively, the highest median tax bill in the area is $2,871, which is higher than the national median property tax rate of 0.99%. These tax bills directly impact homeowners' financial planning and budgeting, emphasizing the importance of understanding how property taxes are calculated and managed.
Average Archbold Tax Bill
$2,871
Average Fulton County Tax Bill
$2,396
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Archbold, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43502 | $1,592 | $2,140 | $2,871 | $4,038 | $5,586 |
Source: Ownwell