Quaker City, Ohio Property Taxes
The median property tax rate in Quaker City, OH is 1.42%, which is notably higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With the median home value in Quaker City at $56,500, the typical annual property tax bill amounts to $785, well below the national median of $2,690. Property taxes in Quaker City are determined based on the assessed value, which is often less than the market value due to various exemptions, such as primary residence and agricultural exemptions. By understanding Quaker City's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Quaker City or another part of the city, a thorough grasp of the local property tax system is invaluable.
Last Updated June 14, 2024
Quaker City, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$802
$745
Ownwell’s Quaker City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Quaker City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Quaker City 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 Quaker City, Ohio
Property taxes in Quaker City, Ohio, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Quaker City is 1.42%, significantly higher than the U.S. national median of 0.99%. Local government entities within Quaker City set these rates annually, and they can vary across different neighborhoods. Each year, Quaker City 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 Quaker City's effective property tax rate to other areas in Ohio and the national median. For comparison, the 43773 zip code has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Quaker City provides valuable insights into the varying tax landscape across Guernsey County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Quaker City Tax Rate
1.42%
Average Guernsey County Tax Rate
1.49%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Quaker City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43773 | 1.14% | 1.39% | 1.42% | 1.57% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Quaker City, Ohio
In Quaker City, 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 Guernsey 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 Quaker City, 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 Quaker City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $785.00 in zip code 43773, while the lowest median tax bill is also $785.00 in the same zip code.
Average Quaker City Assessed Value
$56,500
Average Guernsey County Assessed Value
$64,830
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Quaker City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43773 | $4,916 | $20,860 | $56,500 | $109,670 | $176,782 |
Source: Ownwell
Property Tax Bills Across Quaker City, Ohio
In Quaker City, located in Guernsey County, OH, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. For homeowners in Quaker City, the median home price is $56,500. Property tax bills can vary significantly, with the 25th percentile tax bill at $280 and the 75th percentile reaching $1,501. At the 90th percentile, homeowners might see tax bills as high as $2,454. The highest median tax bill in the area is $785, which aligns with the lowest median tax bill, both found in the 43773 zip code. These property taxes impact homeowners by contributing to local services like schools, infrastructure, and emergency services, making it crucial for homeowners to understand their tax obligations and potential exemptions.
Average Quaker City Tax Bill
$785
Average Guernsey County Tax Bill
$953
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Quaker City, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43773 | $72 | $280 | $785 | $1,501 | $2,454 |
Source: Ownwell