Shiloh, Ohio Property Taxes
The median property tax rate in Shiloh, OH is 1.30%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $40,200 in Shiloh, the typical annual property tax bill amounts to $1,314, surpassing the national median of $2,690. Property taxes in Shiloh 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 Shiloh'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 Shiloh 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
Shiloh, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Shiloh Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Shiloh with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shiloh 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 Shiloh, Ohio
Property taxes in Shiloh, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shiloh is 1.30%, higher than the U.S. national median of 0.99%. Local government entities within Shiloh set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shiloh 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 Shiloh's effective property tax rate to other areas in Huron County and the national median. For comparison, the 44878 zip code has both the highest and lowest median property tax rate of 1.30%. Understanding how these areas compare with Shiloh 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 Shiloh Tax Rate
1.30%
Average Huron County Tax Rate
1.36%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shiloh, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44878 | 1.19% | 1.30% | 1.30% | 1.31% | 1.36% |
Source: Ownwell
Property Tax Assessment Values Across Shiloh, Ohio
In Shiloh, 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 Shiloh, 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 Shiloh helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Shiloh is $40,200, with the highest median tax bill of $1,314 in the 44878 zip code.
Average Shiloh Assessed Value
$40,200
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 Shiloh, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44878 | $19,767 | $28,312 | $40,200 | $123,215 | $156,622 |
Source: Ownwell
Property Tax Bills Across Shiloh, Ohio
In Shiloh, Ohio, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Shiloh is $40,200. Property taxes are then determined by applying the local tax rate to this assessed value. Several factors influence this calculation, including property size, location, and any applicable exemptions or deductions. Homeowners in Shiloh can expect a wide range in their property tax bills. For instance, the 25th percentile tax bill is around $390, while those in the 75th percentile pay approximately $1,743. At the higher end, the 90th percentile sees tax bills reaching $2,205. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for understanding local tax burdens. These property taxes directly impact homeowners by contributing to local services such as schools, public safety, and infrastructure. Understanding these factors can help homeowners anticipate their financial responsibilities and plan accordingly.
Average Shiloh Tax Bill
$1,314
Average Huron County Tax Bill
$1,432
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Shiloh, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44878 | $330 | $390 | $1,314 | $1,743 | $2,205 |
Source: Ownwell