Holgate, Ohio Property Taxes
The median property tax rate in Holgate, OH is 0.80%, which is lower than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Holgate, the typical annual property tax bill reaches $1,343, significantly less than the national median of $2,690. Property taxes in Holgate 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 Holgate'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 Holgate 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
Holgate, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.8%
Estimate Property Tax Bill
$1,320
Ownwell’s Holgate Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holgate with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holgate 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 Holgate, Ohio
Property taxes in Holgate, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holgate is 0.80%, which is lower than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Holgate set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holgate 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 Holgate's effective property tax rate to other areas in Henry County and the national median. For comparison, the 43527 zip code has the highest median property tax rate of 0.80%, while the same zip code also has the lowest median tax rate of 0.80%. Understanding how these areas compare with Holgate 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 Holgate Tax Rate
0.80%
Average Henry County Tax Rate
0.78%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holgate, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43527 | 0.54% | 0.70% | 0.80% | 0.89% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Holgate, Ohio
In Holgate, 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. In Holgate, 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. For instance, the median home price in Holgate is $165,040, with tax bills ranging from $940 at the 25th percentile to $3,014 at the 90th percentile. The zip code with the highest and lowest median tax bill both show a value of $1,343, indicating uniformity in tax assessments within the area. 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 Holgate helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Holgate Assessed Value
$165,040
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 Holgate, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43527 | $67,300 | $115,720 | $165,040 | $248,260 | $417,400 |
Source: Ownwell
Property Tax Bills Across Holgate, Ohio
In Holgate, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in this area is $165,040. The local tax rate is applied to this assessed value to determine the tax bill. For Holgate homeowners, property tax bills can vary widely. For instance, the 25th percentile tax bill is $940, while the 75th percentile tax bill reaches $1969. At the 90th percentile, homeowners might see tax bills as high as $3014. Several factors influence these tax bills, including property size, location, and any applicable exemptions. The highest and lowest median tax bills in Holgate are both recorded at $1343, indicating some consistency across different properties within the same zip code, 43527. Compared to the national median property tax rate of 0.99%, Holgate's rates can have a significant impact on household budgets, making it crucial for homeowners to understand how their property taxes are calculated and what they can do to potentially lower their bills.
Average Holgate Tax Bill
$1,343
Average Henry County Tax Bill
$1,746
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Holgate, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43527 | $631 | $940 | $1,343 | $1,969 | $3,014 |
Source: Ownwell