Curtice, Lucas County, Ohio Property Taxes
The median property tax rate in Curtice, OH is 2.42%, significantly higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Curtice at $102,300, the typical annual property tax bill reaches $2,655, just below the national median of $2,690. Property taxes in Curtice 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 Curtice'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 Curtice 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
Curtice, Lucas County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.42%
Estimate Property Tax Bill
$2,476
$2,297
Ownwell’s Curtice Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a simple way to estimate their annual property taxes in Curtice using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Curtice to provide an estimate of your property tax bill. This valuable tool helps you anticipate potential tax liabilities. For those interested in more detailed trends at a neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Curtice, Lucas County, Ohio
Property taxes in Curtice, Ohio, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Curtice is 2.42%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Curtice set these rates annually, and they can vary significantly across different neighborhoods. Each year, Curtice 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 Curtice's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43412 zip code has the highest median property tax rate of 2.42%, while the same zip code also has the lowest median tax rate of 2.42%. Understanding how these cities compare with Curtice provides valuable insights into the varying tax landscape across Lucas County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Curtice Tax Rate
2.42%
Average Lucas County Tax Rate
2.38%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Curtice, Lucas County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43412 | 1.96% | 2.26% | 2.42% | 2.92% | 3.92% |
Source: Ownwell
Property Tax Assessment Values Across Curtice, Lucas County, Ohio
In Curtice, 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 Lucas 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 Curtice, 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. The median home price in Curtice is $102,300, and the median tax bill in the zip code 43412 is $2,655. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Curtice, Lucas County, Ohio
Source: Ownwell
$45,600
$218,800
$392,000
Average Curtice Assessed Value
$102,300
Average Lucas County Assessed Value
$95,600
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Curtice, Lucas County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43412 | $18,520 | $47,900 | $102,300 | $174,900 | $241,560 |
Source: Ownwell
Property Tax Bills Across Curtice, Lucas County, Ohio
Property tax bills in Curtice, Lucas County, OH, are determined by assessing the property's market value and applying the local tax rate. The assessed value is typically a percentage of the market value, which is then multiplied by the tax rate set by local authorities. For instance, the median home price in Curtice is $102,300. Homeowners in this area can expect varying tax bills based on their property's assessed value and the specific tax rate applied. Factors influencing the tax bill include the property's location, its assessed value, and any applicable exemptions. For example, tax bills in Curtice range from the 25th percentile at $1,397 to the 90th percentile at $5,724. These variations significantly impact homeowners, with higher-valued properties incurring higher tax bills. Compared to the national median property tax rate of 0.99%, Curtice's property tax rates reflect local economic conditions and funding requirements for public services. Understanding these factors helps homeowners anticipate their annual property tax obligations.
Average Curtice Tax Bill
$2,655
Average Lucas County Tax Bill
$2,348
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Curtice, Lucas County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43412 | $556 | $1,397 | $2,655 | $4,115 | $5,724 |
Source: Ownwell