Belle Center, Ohio Property Taxes
The median property tax rate in Belle Center, OH is 1.49%, higher than both the national median of 0.99% and Ohio's state median of 1.80%. With a median home value of $111,860, the typical annual property tax bill in Belle Center reaches $1,916, which is below the national median of $2,690. Property taxes in Belle Center are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Belle Center'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 Belle Center or another part of Hardin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Belle Center, 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 Belle Center Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belle Center to provide an estimated property tax bill. This tool offers a clear understanding of potential tax liabilities, ensuring you are well-prepared for financial planning. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by Hardin County and is used for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Belle Center, Ohio
Property taxes in Belle Center, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belle Center is 1.49%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Belle Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belle Center 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 Belle Center's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43310 zip code has the highest median property tax rate of 1.49%, while the 43310 zip code also has the lowest median tax rate of 1.49%. Understanding how these cities compare with Belle Center provides valuable insights into the varying tax landscape across Hardin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Belle Center Tax Rate
1.49%
Average Hardin County Tax Rate
1.61%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belle Center, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43310 | 0.89% | 1.23% | 1.49% | 1.72% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Belle Center, Ohio
In Belle Center, 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 Hardin 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 Belle Center, 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 Belle Center 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 $1,916, found in the 43310 zip code.
Average Belle Center Assessed Value
$111,860
Average Hardin County Assessed Value
$82,480
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Belle Center, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43310 | $14,628 | $72,540 | $111,860 | $189,670 | $318,528 |
Source: Ownwell
Property Tax Bills Across Belle Center, Ohio
In Belle Center, located in Hardin County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is typically a percentage of the home's market value. Homeowners in this area can expect their property tax bills to vary significantly, influenced by the assessed value and the local tax rate. For instance, the median home price in Belle Center is $111,860. Property tax bills range widely, with the 25th percentile paying around $1,303 annually, while those in the 75th percentile face bills of approximately $2,964. The highest tax bills, in the 90th percentile, can reach up to $4,088. This variation significantly impacts homeowners, as those with higher-valued properties or in certain areas may pay substantially more. Comparatively, the median property tax rate in Belle Center is higher than the national median of 0.99%, indicating that homeowners in this region may face relatively higher property tax obligations.
Average Belle Center Tax Bill
$1,916
Average Hardin County Tax Bill
$1,448
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Belle Center, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43310 | $599 | $1,303 | $1,916 | $2,964 | $4,088 |
Source: Ownwell