La Rue, Ohio Property Taxes
The median property tax rate in LA RUE, OH is 1.58%, considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $160,055 in LA RUE, the typical annual property tax bill reaches $2,900, which exceeds the national median of $2,690. Property taxes in LA RUE are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding LA RUE'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 LA RUE 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
La Rue, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$2,529
Ownwell’s LA RUE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA RUE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA RUE 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 La Rue, Ohio
Property taxes in La Rue, Ohio, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in La Rue is 1.58%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within La Rue set these rates annually, and they can vary significantly across different neighborhoods. Each year, La Rue 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 La Rue's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43332 zip code has the highest median property tax rate of 1.58%, while the same zip code also has the lowest median tax rate of 1.58%. Understanding how these cities compare with La Rue 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 La Rue Tax Rate
1.58%
Average Hardin County Tax Rate
1.61%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Rue, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43332 | 1.11% | 1.30% | 1.58% | 1.87% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across La Rue, Ohio
In LA RUE, 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 LA RUE, 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 LA RUE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 43332 has the highest and lowest median tax bill at $2900, making it essential for residents to stay informed.
Average La Rue Assessed Value
$160,055
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 La Rue, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43332 | $81,858 | $112,808 | $160,055 | $303,612 | $450,465 |
Source: Ownwell
Property Tax Bills Across La Rue, Ohio
In La Rue, located in Hardin County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value of the property. The tax rate is then applied to this assessed value to determine the annual property tax bill. For La Rue, the median home price is $160,055, and property tax bills can vary significantly. At the 25th percentile, homeowners might pay around $1,912, whereas those at the 75th percentile could see bills as high as $3,766. At the 90th percentile, the tax bill can reach up to $5,826. These tax bills are influenced by various factors, including the property's location, improvements, and current market conditions. High property taxes can impact homeowners by increasing their overall housing costs, potentially affecting affordability. Comparatively, La Rue's property tax rates can be higher than the national median property tax rate of 0.99%, underscoring the importance for homeowners to understand their tax obligations.
Average La Rue Tax Bill
$2,900
Average Hardin County Tax Bill
$1,448
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across La Rue, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43332 | $1,352 | $1,912 | $2,900 | $3,766 | $5,826 |
Source: Ownwell