Bloomdale, Ohio Property Taxes
The median property tax rate in Bloomdale, OH is 1.17%, slightly higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $174,100 in Bloomdale, the typical annual property tax bill amounts to $1,953, which is below the national median of $2,690. Property taxes in Bloomdale are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Bloomdale'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 Bloomdale or another part of Hancock County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bloomdale, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$2,037
Ownwell’s Bloomdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bloomdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bloomdale 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 Bloomdale, Ohio
Property taxes in Bloomdale, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bloomdale is 1.17%, which is higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Bloomdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bloomdale 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 Bloomdale's effective property tax rate to other counties in Ohio and the national median. For comparison, the 44817 zip code has both the highest and lowest median property tax rate of 1.17%. Understanding how these cities compare with Bloomdale provides valuable insights into the varying tax landscape across Hancock County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bloomdale Tax Rate
1.17%
Average Hancock County Tax Rate
1.24%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bloomdale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44817 | 0.61% | 0.97% | 1.17% | 1.18% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across Bloomdale, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bloomdale, 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 Hancock 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 Bloomdale, 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 instance, the median home price in Bloomdale is $174,100, with tax bills ranging from $996 at the 25th percentile to $3,692 at the 90th percentile. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bloomdale Assessed Value
$174,100
Average Hancock County Assessed Value
$151,760
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bloomdale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44817 | $60,826 | $129,102 | $174,100 | $215,372 | $364,623 |
Source: Ownwell
Property Tax Bills Across Bloomdale, Ohio
Property tax bills in Bloomdale, Hancock County, OH are calculated based on the assessed value of a property, which is derived from its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $174,100, homeowners can expect their property tax bill to vary significantly. The 25th percentile tax bill is around $996, while the 75th percentile tax bill reaches up to $2,536. For those at the higher end, the 90th percentile tax bill can be as much as $3,692 annually. These tax bills impact homeowners by influencing their overall housing costs, making it essential for them to understand how these taxes are calculated. Compared to the national median property tax rate of 0.99%, the tax rates in Bloomdale can lead to varying financial responsibilities for homeowners, depending on their property's assessed value and the corresponding tax bracket they fall into.
Average Bloomdale Tax Bill
$1,953
Average Hancock County Tax Bill
$1,839
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bloomdale, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44817 | $650 | $996 | $1,953 | $2,536 | $3,692 |
Source: Ownwell