Maumee, Ohio Property Taxes
The median property tax rate in Maumee, OH is 2.34%, significantly higher than both the national median of 0.99% and Ohio's state median of 1.80%. With a median home value of $183,300 in Maumee, the typical annual property tax bill reaches $4,050, surpassing the national median of $2,690. Property taxes in Maumee 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 Maumee'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 Maumee 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
Maumee, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.34%
Estimate Property Tax Bill
$4,289
$3,980
Ownwell’s Maumee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maumee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maumee 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 Maumee, Ohio
Property taxes in Maumee, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Maumee is 2.34%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Maumee set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maumee 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 Maumee's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43537 zip code has the highest median property tax rate of 2.34%, while the same zip code also has the lowest median tax rate of 2.34%. Understanding how these cities compare with Maumee 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 Maumee Tax Rate
2.34%
Average Lucas County Tax Rate
2.38%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maumee, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43537 | 1.85% | 2.02% | 2.34% | 2.38% | 2.44% |
Source: Ownwell
Property Tax Assessment Values Across Maumee, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Maumee, Ohio. 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 Maumee, 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 Maumee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Maumee are both $4,050, located in the 43537 zip code.
Average Maumee Assessed Value
$183,300
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 Maumee, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43537 | $100,600 | $127,900 | $183,300 | $262,200 | $358,940 |
Source: Ownwell
Property Tax Bills Across Maumee, Ohio
In Maumee, located in Lucas County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in Maumee can expect their tax bills to vary significantly depending on their property's value. For instance, the tax bill at the 25th percentile is $2,854, while at the 75th percentile, it rises to $5,638. At the 90th percentile, it can reach up to $7,436. The median home price in Maumee is $183,300, which means that many homeowners will find their tax bills falling somewhere between these figures. Compared to the national median property tax rate of 0.99%, Maumee's property taxes can have a substantial impact on household budgets. Understanding these factors is crucial for homeowners as they can significantly influence both monthly expenses and long-term financial planning.
Average Maumee Tax Bill
$4,050
Average Lucas County Tax Bill
$2,348
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Maumee, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43537 | $2,125 | $2,854 | $4,050 | $5,638 | $7,436 |
Source: Ownwell