Plymouth, Ohio Property Taxes
The median property tax rate in Plymouth, Ohio is 1.39%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Plymouth at $87,660, the typical annual property tax bill reaches $1,202, which is lower than the national median of $2,690. Property taxes in Plymouth 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 Plymouth'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 Plymouth 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
Plymouth, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.39%
Estimate Property Tax Bill
$1,218
$1,131
Ownwell’s Plymouth Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Plymouth with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Plymouth to provide an accurate estimate of your property tax bill. This valuable tool helps you anticipate potential tax liabilities, making financial planning easier. For those interested in neighborhood-level trends, more localized information is available further down the page. Your property’s assessed value is determined by Huron County for tax purposes and considers any applicable exemptions.
Property Tax Rates Across Plymouth, Ohio
Property taxes in Plymouth, Ohio, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Plymouth stands at 1.39%, which is significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Plymouth set these rates annually, and they can vary considerably across different neighborhoods. Each year, Plymouth 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 Plymouth's effective property tax rate to other areas in Huron County and the national median. For comparison, the 44865 zip code has the highest median property tax rate of 1.39%, while the same 44865 zip code also has the lowest median tax rate of 1.39%. Understanding how these areas compare with Plymouth provides valuable insights into the varying tax landscape across Huron County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Plymouth Tax Rate
1.39%
Average Huron County Tax Rate
1.36%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plymouth, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44865 | 1.06% | 1.30% | 1.39% | 1.45% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Plymouth, Ohio
In Plymouth, 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 Huron 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 Plymouth, 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. The median home price in Plymouth is $87,660, with tax bills ranging from $794 at the 25th percentile to $2,532 at the 90th percentile. 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 Plymouth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Plymouth Assessed Value
$87,660
Average Huron County Assessed Value
$102,520
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Plymouth, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44865 | $12,160 | $52,582 | $87,660 | $129,440 | $183,489 |
Source: Ownwell
Property Tax Bills Across Plymouth, Ohio
Property tax bills in Plymouth, located in Huron County, Ohio, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the market value of the home. Factors such as property size, location, and improvements can influence this assessed value. Plymouth homeowners experience a range of property tax bills, with the 25th percentile paying around $794 annually, while those in the 75th percentile pay approximately $1,802. The highest median tax bill in the area is $1,202, which is relatively close to the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure. Consequently, homeowners in Plymouth benefit from these services, but they must also manage the financial impact of their property tax obligations. Understanding how these taxes are calculated can help homeowners plan and budget more effectively, ensuring they are prepared for their annual tax bills.
Average Plymouth Tax Bill
$1,202
Average Huron County Tax Bill
$1,432
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Plymouth, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44865 | $301 | $794 | $1,202 | $1,802 | $2,532 |
Source: Ownwell