Glenford, Ohio Property Taxes
The median property tax rate in Glenford, 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 Glenford at $159,600, the typical annual property tax bill reaches $3,351, far exceeding the national median of $2,690. Property taxes in Glenford 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 Glenford'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 Glenford or another part of Licking County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glenford, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.14%
Estimate Property Tax Bill
$3,415
$3,169
Ownwell’s Glenford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glenford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glenford 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 Glenford, Ohio
Property taxes in Glenford, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glenford is 2.14%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Glenford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glenford 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 Glenford's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43739 zip code has the highest median property tax rate of 2.14%, while the same zip code has the lowest median tax rate of 2.14%. Understanding how these cities compare with Glenford provides valuable insights into the varying tax landscape across Licking County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glenford Tax Rate
2.14%
Average Licking County Tax Rate
2.22%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glenford, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43739 | 1.38% | 2.11% | 2.14% | 2.14% | 2.41% |
Source: Ownwell
Property Tax Assessment Values Across Glenford, Ohio
In Glenford, 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 Licking 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 Glenford, 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 Glenford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Licking County is $3,351 in the 43739 zip code, while the lowest median tax bill is also $3,351 in the same zip code.
Average Glenford Assessed Value
$159,600
Average Licking County Assessed Value
$163,800
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Glenford, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43739 | $16,420 | $80,600 | $159,600 | $239,300 | $373,340 |
Source: Ownwell
Property Tax Bills Across Glenford, Ohio
In Glenford, property tax bills are determined based on the assessed value of a home, which is a percentage of the market value. The median home price in Glenford is approximately $159,600. Property taxes are calculated by applying the local tax rate to the assessed value. Homeowners in Glenford can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $1,716, while the 75th percentile reaches up to $4,867, and the 90th percentile can be as high as $7,091. These tax bills are influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Glenford's tax rates can lead to substantial annual costs for homeowners. Understanding how these taxes are calculated helps homeowners budget accordingly and potentially explore appealing their property assessments to ensure fair taxation.
Average Glenford Tax Bill
$3,351
Average Licking County Tax Bill
$3,689
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Glenford, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43739 | $279 | $1,716 | $3,351 | $4,867 | $7,091 |
Source: Ownwell