Willard, Ohio Property Taxes
The median property tax rate in Willard, Ohio is 1.35%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $90,300 in Willard, the typical annual property tax bill amounts to $1,175, falling below the national median of $2,690. Property taxes in Willard are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Willard's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Willard or another part of Huron County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Willard, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$1,219
$1,131
Ownwell’s Willard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Willard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Willard 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 Willard, Ohio
Property taxes in Willard, Ohio, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Willard is 1.35%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Willard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Willard 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 Willard's effective property tax rate to other areas in Ohio and the national median. For comparison, the 44890 zip code has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these areas compare with Willard 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 Willard Tax Rate
1.35%
Average Huron County Tax Rate
1.36%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Willard, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44851 | N/A | N/A | N/A | N/A | N/A |
| 44890 | 1.03% | 1.31% | 1.35% | 1.38% | 1.41% |
Source: Ownwell
Property Tax Assessment Values Across Willard, Ohio
In Willard, 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 Willard, 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 example, the median home price in Willard is $90,300, with tax bills ranging from $763 at the 25th percentile to $2,538 at the 90th percentile. The highest and lowest median tax bills, both at $1,175, are found in the 44890 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Willard Assessed Value
$90,300
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 Willard, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44851 | N/A | N/A | N/A | N/A | N/A |
| 44890 | $18,006 | $56,730 | $90,320 | $134,835 | $187,796 |
Source: Ownwell
Property Tax Bills Across Willard, Ohio
In Willard, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the Huron County Auditor. The assessed value is a percentage of the property's market value, and this figure is then multiplied by the local tax rate to calculate the annual tax bill. For instance, the median home price in Willard is $90,300. Homeowners in the 25th percentile can expect a tax bill around $763, while those in the 75th percentile might see a bill closer to $1,790. At the 90th percentile, tax bills can reach up to $2,538. These property taxes fund essential local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Willard's rates may seem relatively moderate given the median tax bill of $1,175 in the area. This system ensures that property taxes are proportionate to the value of the property, impacting homeowners differently based on their property's assessed value.
Average Willard Tax Bill
$1,175
Average Huron County Tax Bill
$1,432
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Willard, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44851 | N/A | N/A | N/A | N/A | N/A |
| 44890 | $373 | $763 | $1,175 | $1,790 | $2,538 |
Source: Ownwell