Mount Victory, Hardin County, Ohio Property Taxes

Name: Property Tax Bills Across Mount Victory, Hardin County, Ohio
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Mount Victory, Ohio effective property tax rate: 1.59%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%.
Median Mount Victory, Ohio home value: $81,455
Median annual Mount Victory, Ohio tax bill: $1,425, $975 lower than the national median property tax bill of $2,400.

How are property taxes in Hardin County calculated?

Property taxes in Mount Victory, Ohio are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Mount Victory’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mount Victory, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mount Victory, Hardin County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.59%

Estimate Property Tax Bill

$1,295

$1,202

Ownwell’s Mount Victory Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mount Victory with just two data points. By entering your property's estimated assessed value, our calculator applies Mount Victory’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hardin County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mount Victory, Hardin County, Ohio

Local government entities set tax rates, which can vary widely within a state. This variability arises because each county annually estimates its required budget to provide essential services, dividing this amount by the total value of all taxable property within its jurisdiction. This process results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is the essence of the annual procedure.

In Mount Victory, located in Hardin County, Ohio, the effective property tax rate reflects this process. When comparing Mount Victory’s rate to other cities in Ohio and the national median, it's evident that local factors significantly influence tax rates. Ohio’s median property tax rate stands at 1.59%, which is notably higher than the national median of 1.02%. This difference highlights the impact of local budgetary requirements and property values on tax rates. Understanding these nuances can help property owners in Mount Victory and beyond make informed decisions about property tax appeals and exemptions.

Property Tax Rates Across Mount Victory, Hardin County, Ohio

Source: Ownwell

1.45%

1.56%

1.68%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Mount Victory Tax Rate

1.59%

Median Effective Hardin County Tax Rate

1.61%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mount Victory, Hardin County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
43340	1.00%	1.33%	1.59%	1.74%	2.00%

Source: Ownwell

Property Tax Assessment Values Across Mount Victory, Hardin County, Ohio

When examining property taxes in Mount Victory, Ohio, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Hardin County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Hardin County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Mount Victory. For example, the median home price in Mount Victory is $81,455, with tax bills ranging significantly across the county. Zip code 43340 has the highest median home price at $81,455.

Property Tax Assessment Values Across Mount Victory, Hardin County, Ohio

Source: Ownwell

$40,540

$100,298

$160,055

Median Mount Victory Market Value

$81,455

Median Hardin County Market Value

$82,480

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mount Victory, Hardin County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
43340	$9,424	$47,358	$81,455	$137,065	$296,280

Source: Ownwell

Property Tax Bills Across Mount Victory, Hardin County, Ohio

In Mount Victory, located in Hardin County, OH, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $81,455. Property taxes are influenced by the local tax rate and the assessed value, which can differ from the market value. Homeowners in Mount Victory face a median property tax bill of $1,425, which is below the national median of $2,400. However, tax bills can range significantly, with the 25th percentile at $825 and the 90th percentile reaching $3,772. These variations are due to differences in property assessments and applicable exemptions. For homeowners, these taxes can represent a significant annual expense. Ownwell offers a valuable service by helping homeowners appeal their property tax assessments, potentially reducing their tax burden. By analyzing property data and identifying discrepancies, Ownwell assists in securing savings on tax bills, providing financial relief and peace of mind for homeowners in Mount Victory.

Property Tax Bills Across Mount Victory, Hardin County, Ohio

Source: Ownwell

$577

$1,739

$2,900

Median Mount Victory Tax Bill

$1,425

Median Hardin County Tax Bill

$1,448

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Mount Victory, Hardin County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
43340	$393	$825	$1,425	$2,266	$3,772

Source: Ownwell