Roundhead, Ohio Property Taxes
The median property tax rate in Roundhead, Ohio is 1.56%, 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 $40,540 in Roundhead, the typical annual property tax bill amounts to $577, which is significantly below the national median of $2,690. Property taxes in Roundhead are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding Roundhead's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Roundhead or another part of Hardin County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Roundhead, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.56%
Estimate Property Tax Bill
$632
Ownwell’s ROUNDHEAD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ROUNDHEAD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ROUNDHEAD 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 Roundhead, Ohio
Property taxes in ROUNDHEAD, Ohio, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in ROUNDHEAD stands at 1.56%, which is significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within ROUNDHEAD set these rates annually, and they can vary significantly across different neighborhoods. Each year, ROUNDHEAD 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 ROUNDHEAD's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43346 zip code has the highest median property tax rate of 1.56%, while the same zip code also has the lowest median tax rate of 1.56%. Understanding how these cities compare with ROUNDHEAD 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 Roundhead Tax Rate
1.56%
Average Hardin County Tax Rate
1.61%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roundhead, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43346 | 0.84% | 1.26% | 1.56% | 1.83% | 2.05% |
Source: Ownwell
Property Tax Assessment Values Across Roundhead, Ohio
In ROUNDHEAD, 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 ROUNDHEAD, 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. The median home price in ROUNDHEAD is $40,540, and the median tax bill varies significantly, with the 25th percentile at $370 and the 75th percentile at $1,007. The highest and lowest median tax bills are both found in ZIP code 43346, each at $577. 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 ROUNDHEAD helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Roundhead Assessed Value
$40,540
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 Roundhead, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43346 | $4,290 | $16,870 | $40,540 | $71,645 | $91,570 |
Source: Ownwell
Property Tax Bills Across Roundhead, Ohio
In ROUNDHEAD, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Various factors influence the assessed value, including the home's location, size, and condition, as well as recent sales of similar properties in the area. For homeowners in ROUNDHEAD, the median home price stands at $40,540. Property tax bills can vary significantly, with the 25th percentile at $370, the 75th percentile at $1,007, and the 90th percentile reaching up to $1,624. These figures reflect the range of property values and the corresponding tax burdens on residents. Compared to the national median property tax rate of 0.99%, ROUNDHEAD homeowners experience a unique tax landscape that directly impacts their annual financial planning. Understanding these factors helps homeowners anticipate their property tax obligations and manage their budgets effectively.
Average Roundhead Tax Bill
$577
Average Hardin County Tax Bill
$1,448
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Roundhead, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43346 | $138 | $370 | $577 | $1,007 | $1,624 |
Source: Ownwell