Bluffton, Hancock County, Ohio Property Taxes
The median property tax rate in Bluffton, Ohio is 1.08%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $182,100 in Bluffton, the typical annual property tax bill amounts to $1,924, falling below the national median of $2,690. Property taxes in Bluffton are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Bluffton'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 Bluffton 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
Bluffton, Hancock County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.08%
Estimate Property Tax Bill
$1,967
$1,825
Ownwell’s Bluffton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bluffton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bluffton 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 Bluffton, Hancock County, Ohio
Property taxes in Bluffton, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bluffton is 1.08%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Bluffton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bluffton 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 Bluffton's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45817 zip code has the highest median property tax rate of 1.08%, while the 45817 zip code has the lowest median tax rate of 1.08%. Understanding how these cities compare with Bluffton 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 Bluffton Tax Rate
1.08%
Average Hancock County Tax Rate
1.24%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bluffton, Hancock County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45817 | 0.63% | 1.05% | 1.08% | 1.11% | 1.19% |
Source: Ownwell
Property Tax Assessment Values Across Bluffton, Hancock County, Ohio
In Bluffton, 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 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 Bluffton, 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 Bluffton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1924, found in the 45817 zip code.
Property Tax Assessment Values Across Bluffton, Hancock County, Ohio
Source: Ownwell
$14,160
$122,165
$230,170
Average Bluffton Assessed Value
$182,100
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 Bluffton, Hancock County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45817 | $29,402 | $124,920 | $182,100 | $288,500 | $444,728 |
Source: Ownwell
Property Tax Bills Across Bluffton, Hancock County, Ohio
In Bluffton, located in Hancock County, OH, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value. For example, with a median home price of $182,100, homeowners can expect varying tax bills. The 25th percentile tax bill is around $1,289, while the 75th percentile reaches up to $2,667, and the 90th percentile can be as high as $3,861. These figures indicate a range of possible tax bills, influenced by factors such as property value assessments and applicable exemptions. Compared to the national median property tax rate of 0.99%, Bluffton's tax bills reflect local economic conditions and property values. For homeowners, understanding these factors is crucial as they directly impact annual financial obligations. The highest and lowest median tax bills in Bluffton are both recorded at $1,924 in the 45817 zip code, indicating relatively consistent tax rates across the area.
Average Bluffton Tax Bill
$1,924
Average Hancock County Tax Bill
$1,839
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bluffton, Hancock County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45817 | $337 | $1,289 | $1,924 | $2,667 | $3,861 |
Source: Ownwell