Wauseon, Ohio Property Taxes
The median property tax rate in Wauseon, OH is 0.77%, 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 Wauseon at $277,360, the typical annual property tax bill amounts to $2,037, falling below the national median of $2,690. Property taxes in Wauseon are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Wauseon'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 Wauseon 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
Wauseon, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.77%
Estimate Property Tax Bill
$2,136
$1,982
Ownwell’s Wauseon Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Wauseon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wauseon 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 Wauseon, Ohio
Property taxes in Wauseon, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wauseon is 0.77%, which is lower than the U.S. national median of 0.99%. Local government entities within Wauseon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wauseon 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 Wauseon's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43567 zip code has both the highest and lowest median property tax rate of 0.77%. Understanding how these cities compare with Wauseon 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 Wauseon Tax Rate
0.77%
Average Henry County Tax Rate
0.78%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wauseon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43567 | 0.67% | 0.70% | 0.77% | 0.81% | 0.86% |
Source: Ownwell
Property Tax Assessment Values Across Wauseon, Ohio
In Wauseon, 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 Wauseon, 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 Wauseon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Wauseon, zip code 43567 has both the highest and lowest median tax bills, each at $2,037. The median home price is $277,360, with tax bills ranging from $1,624 at the 25th percentile to $3,233 at the 90th percentile.
Average Wauseon Assessed Value
$277,360
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 Wauseon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43567 | $126,812 | $195,340 | $277,360 | $346,800 | $484,148 |
Source: Ownwell
Property Tax Bills Across Wauseon, Ohio
In Wauseon, located in Henry County, OH, 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. For example, with a median home price of $277,360, homeowners can expect varying tax bills. The 25th percentile tax bill is around $1,624, while the 75th percentile tax bill reaches $2,690, and the 90th percentile tax bill goes up to $3,233. These figures highlight the range of property tax burdens that homeowners might experience, depending on the assessed value of their property. The highest and lowest median tax bills in Wauseon are both $2,037, indicating some consistency in tax rates across the area. Compared to the national median property tax rate of 0.99%, Wauseon's tax rates reflect local economic conditions and funding requirements, directly impacting homeowners' annual financial obligations.
Average Wauseon Tax Bill
$2,037
Average Henry County Tax Bill
$1,746
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Wauseon, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43567 | $928 | $1,624 | $2,037 | $2,690 | $3,233 |
Source: Ownwell