Wilberforce, Ohio Property Taxes
The median property tax rate in Wilberforce, OH is 1.90%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Wilberforce at $129,420, the typical annual property tax bill reaches $2,235, slightly below the national median of $2,690. Property taxes in Wilberforce 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 Wilberforce'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 Wilberforce 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
Wilberforce, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.9%
Estimate Property Tax Bill
$2,459
$2,282
Ownwell’s Wilberforce Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wilberforce with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wilberforce 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 Wilberforce, Ohio
Property taxes in Wilberforce, Ohio, are essential for funding critical local services such as public schools, road maintenance, and emergency response services. The median tax rate in Wilberforce is 1.90%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Wilberforce set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wilberforce 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 Wilberforce's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 45384 has the highest median property tax rate of 1.90%, while the same zip code also has the lowest median tax rate of 1.90%. Understanding how these cities compare with Wilberforce provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wilberforce Tax Rate
1.90%
Average Greene County Tax Rate
2.02%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wilberforce, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45384 | 1.30% | 1.57% | 1.90% | 1.94% | 2.04% |
Source: Ownwell
Property Tax Assessment Values Across Wilberforce, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wilberforce, Ohio. 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 Greene 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 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. In Wilberforce, the median home price is $129,420, with tax bills ranging from $1,664 at the 25th percentile to $3,251 at the 90th percentile. The zip code 45384 has both the highest and lowest median tax bill at $2,235. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. This awareness helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wilberforce Assessed Value
$129,420
Average Greene County Assessed Value
$165,090
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wilberforce, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45384 | $75,000 | $97,310 | $129,420 | $156,490 | $177,244 |
Source: Ownwell
Property Tax Bills Across Wilberforce, Ohio
In Wilberforce, Greene 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 property's market value. Homeowners in Wilberforce typically see a range of property tax bills, with the 25th percentile being $1,664 and the 75th percentile reaching $2,774. The highest median tax bill in the area is $2,235, which is consistent across the zip code 45384. Several factors influence the final tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions. Homeowners should be aware that these taxes fund essential public services such as schools, emergency services, and infrastructure. Compared to the national median property tax rate of 0.99%, Wilberforce homeowners may find their tax rates to be relatively moderate, but the exact impact on each homeowner will vary based on the specific assessed value of their property.
Average Wilberforce Tax Bill
$2,235
Average Greene County Tax Bill
$3,355
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Wilberforce, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45384 | $1,278 | $1,664 | $2,235 | $2,774 | $3,251 |
Source: Ownwell