Mc Clure, Ohio Property Taxes
The median property tax rate in McClure, OH is 0.86%, which is lower than both the national median of 0.99% and the Ohio state median of 1.80%. With a median home value of $160,010 in McClure, the typical annual property tax bill is $1,647, significantly below the national median of $2,690. Property taxes in McClure are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding McClure'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 McClure 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
Mc Clure, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.86%
Estimate Property Tax Bill
$1,376
Ownwell’s MC CLURE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC CLURE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC CLURE 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 Mc Clure, Ohio
Property taxes in Mc Clure, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mc Clure is 0.86%, slightly lower than the U.S. national median of 0.99%. Local government entities within Mc Clure set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mc Clure 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 Mc Clure's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 43534 has the highest median property tax rate of 0.86%, while the same zip code also has the lowest median tax rate of 0.86%. Understanding how these areas compare with Mc Clure 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 Mc Clure Tax Rate
0.86%
Average Henry County Tax Rate
0.78%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Clure, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43534 | 0.58% | 0.72% | 0.86% | 1.00% | 1.13% |
Source: Ownwell
Property Tax Assessment Values Across Mc Clure, Ohio
In MC CLURE, 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 MC CLURE, 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 MC CLURE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In MC CLURE, the highest median tax bill is $1,647 in the zip code 43534, and the lowest median tax bill is also $1,647 in the same zip code. The 25th percentile tax bill is $1,012, while the 75th percentile tax bill is $2,441. The 90th percentile tax bill stands at $3,631.
Average Mc Clure Assessed Value
$160,010
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 Mc Clure, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43534 | $7,230 | $57,960 | $160,010 | $272,080 | $459,160 |
Source: Ownwell
Property Tax Bills Across Mc Clure, Ohio
In McClure, located in Henry County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate set by various taxing authorities, including the county, school districts, and other local entities. The median home price in McClure is $160,010, which serves as a baseline for understanding property tax obligations. Several factors influence the tax bill, such as property improvements, market conditions, and changes in tax rates. Homeowners in McClure can expect their annual property tax bills to vary significantly, with the 25th percentile at $1,012 and the 75th percentile reaching $2,441. At the higher end, the 90th percentile tax bill is $3,631. These property taxes fund essential services like schools, infrastructure, and emergency services, directly impacting the community’s quality of life. Homeowners must stay informed about their property's assessed value and any changes in local tax rates to manage their financial obligations effectively.
Average Mc Clure Tax Bill
$1,647
Average Henry County Tax Bill
$1,746
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Clure, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43534 | $250 | $1,012 | $1,647 | $2,441 | $3,631 |
Source: Ownwell