Bladensburg, Ohio Property Taxes
The median property tax rate in Bladensburg, OH is 2.14%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Bladensburg at $60,335, the typical annual property tax bill reaches $1,373, which is below the national median of $2,690. Property taxes in Bladensburg are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Bladensburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Bladensburg or another part of Knox County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bladensburg, 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 Bladensburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bladensburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bladensburg 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 Bladensburg, Ohio
Property taxes in Bladensburg, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bladensburg is 1.43%, higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Bladensburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bladensburg 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 Bladensburg's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43005 zip code has the highest median property tax rate of 2.14%, while the same zip code also has the lowest median tax rate of 2.14%. Understanding how these cities compare with Bladensburg provides valuable insights into the varying tax landscape across Knox County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bladensburg Tax Rate
2.14%
Average Knox County Tax Rate
1.84%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bladensburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43005 | 1.63% | 2.09% | 2.14% | 2.15% | 2.58% |
Source: Ownwell
Property Tax Assessment Values Across Bladensburg, Ohio
In Bladensburg, 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 Knox 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 Bladensburg, 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 Bladensburg is $60,335, with the 25th percentile tax bill at $681 and the 75th percentile tax bill at $1,797. The highest median tax bill recorded is $1,373 in the zip code 43005. 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 Bladensburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bladensburg Assessed Value
$60,335
Average Knox County Assessed Value
$133,520
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bladensburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43005 | $4,293 | $40,740 | $60,335 | $83,822 | $102,649 |
Source: Ownwell
Property Tax Bills Across Bladensburg, Ohio
In Bladensburg, located in Knox County, OH, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Bladensburg is $60,335. Property taxes are then determined by applying the local tax rate to this assessed value. For instance, homeowners in the 25th percentile can expect a tax bill around $681, while those in the 75th percentile face a bill closer to $1,797. At the higher end, the 90th percentile tax bill reaches approximately $2,701. These tax bills can significantly impact homeowners, as they directly influence annual housing costs. Compared to the national median property tax rate of 0.99%, Bladensburg’s tax landscape can vary widely depending on individual property values and specific local rates. Understanding these factors is crucial for homeowners when budgeting for annual expenses and planning for the future.
Average Bladensburg Tax Bill
$1,373
Average Knox County Tax Bill
$2,431
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bladensburg, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43005 | $130 | $681 | $1,373 | $1,797 | $2,701 |
Source: Ownwell