Freeport, Ohio Property Taxes
The median property tax rate in Freeport, OH is 1.32%, 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 in Freeport of $54,060, the typical annual property tax bill comes to $788, significantly below the national median of $2,690. Property taxes in Freeport 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 Freeport'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 Freeport 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
Freeport, 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 Freeport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Freeport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Freeport 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 Freeport, Ohio
Property taxes in Freeport, Ohio, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Freeport is 1.32%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Freeport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Freeport 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 Freeport's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43973 zip code has the highest median property tax rate of 1.32%, while the same zip code also has the lowest median tax rate of 1.32%. Understanding how these cities compare with Freeport provides valuable insights into the varying tax landscape across Harrison County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Freeport Tax Rate
1.32%
Average Harrison County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Freeport, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43973 | 0.68% | 1.25% | 1.32% | 1.45% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Freeport, Ohio
In Freeport, 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 Harrison 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 Freeport, 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 Freeport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 43973 has the highest median tax bill at $788, which is crucial for residents to note.
Average Freeport Assessed Value
$54,060
Average Harrison County Assessed Value
$63,430
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Freeport, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43973 | $12,656 | $27,570 | $54,060 | $106,920 | $179,840 |
Source: Ownwell
Property Tax Bills Across Freeport, Ohio
In Freeport, Harrison County, OH, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The tax rate is then applied to this assessed value to determine the final tax bill. Key factors influencing the tax bill include the home's market value, local tax rates, and any applicable exemptions or deductions. For instance, the median home price in Freeport is $54,060. Homeowners at the 25th percentile can expect a tax bill around $347, while those at the 75th percentile might pay approximately $1,382. At the 90th percentile, the tax bill can reach up to $2,146. These figures show a significant range, indicating the impact of property value and local tax policies on homeowners. Compared to the national median property tax rate of 0.99%, Freeport's tax bills reflect the area's specific economic and policy conditions. Understanding these factors can help homeowners anticipate their annual tax obligations and plan accordingly.
Average Freeport Tax Bill
$788
Average Harrison County Tax Bill
$839
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Freeport, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43973 | $156 | $347 | $788 | $1,382 | $2,146 |
Source: Ownwell