Defiance, Ohio Property Taxes
The median property tax rate in Defiance, OH is 0.88%, which is notably lower than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Defiance, the typical annual property tax bill reaches $2,716, slightly below the national median of $2,690. Property taxes in Defiance are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Defiance'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 Defiance 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
Defiance, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$2,548
$2,364
Ownwell’s Defiance Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Defiance with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Defiance 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 Defiance, Ohio
Property taxes in Defiance, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Defiance is 1.22%, higher than the Ohio state median of 1.36% but significantly above the U.S. national median of 0.99%. Local government entities within Defiance set these rates annually, and they can vary significantly across different neighborhoods. Each year, Defiance 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 Defiance's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43512 zip code has the highest median property tax rate of 1.22%, while the same zip code also represents the lowest median tax rate of 1.22%. Understanding how these cities compare with Defiance provides valuable insights into the varying tax landscape across Henry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Defiance Tax Rate
0.88%
Average Henry County Tax Rate
0.78%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Defiance, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43512 | 0.53% | 0.69% | 0.88% | 1.05% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Defiance, Ohio
In Defiance, 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 Henry 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. 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 Defiance helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,716 in the 43512 zip code, while the lowest is also $2,716 in the same zip code.
Average Defiance Assessed Value
$289,500
Average Henry County Assessed Value
$213,460
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Defiance, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43512 | $145,440 | $189,510 | $289,500 | $433,570 | $559,660 |
Source: Ownwell
Property Tax Bills Across Defiance, Ohio
In Defiance, located in Henry County, OH, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the county assessor. Various factors such as property size, location, and improvements can influence this assessed value. For homeowners in Defiance, the property tax rate stands at 0.99%, aligning with the national median rate. Therefore, for a median home price of $289,500, the property tax bill can range significantly. At the 25th percentile, homeowners might pay around $1,885, whereas at the 75th percentile, the bill can rise to approximately $3,915. In higher-value scenarios, such as the 90th percentile, tax bills can reach up to $4,824. This variability in tax bills impacts homeowners differently, influencing their financial planning and long-term investment decisions. Understanding these factors helps homeowners anticipate and manage their property tax obligations effectively.
Average Defiance Tax Bill
$2,716
Average Henry County Tax Bill
$1,746
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Defiance, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43512 | $1,318 | $1,885 | $2,716 | $3,915 | $4,824 |
Source: Ownwell