Marion County, Ohio Property Taxes
The median property tax rate in Marion County is 1.35%, which is higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Marion County, the typical annual property tax bill reaches $1,434, which is below the national median of $2,690. Property taxes in Marion County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Marion County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Marion or another part of Marion County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marion County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$1,370
$1,272
Ownwell’s Marion County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Marion County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Marion County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Marion County, Ohio
Property taxes in Marion County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Marion County is 1.35%, which is higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Marion County set these rates annually, and they can vary significantly between different areas within the county. Each year, Marion County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Green Camp has one of the higher property tax rates in Ohio at 1.72%, while the city of Forest boasts one of the lowest at 1.14%. Analyzing how Marion County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Marion County Tax Rate
1.35%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marion County, Ohio
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Caledonia | 1.19% | 1.40% | 1.43% | 1.48% | 1.67% |
| Cardington | 1.11% | 1.27% | 1.29% | 1.30% | 1.58% |
| Forest | N/A | N/A | N/A | N/A | N/A |
| Galion | 1.23% | 1.43% | 1.44% | 1.45% | 1.46% |
| Green Camp | 1.26% | 1.68% | 1.72% | 1.72% | 2.36% |
| Harpster | N/A | N/A | N/A | N/A | N/A |
| Kenton | 1.01% | 1.14% | 1.15% | 1.16% | 1.20% |
| La Rue | 1.16% | 1.46% | 1.58% | 1.80% | 1.85% |
| Marion | 1.06% | 1.31% | 1.34% | 1.44% | 1.73% |
| Morral | 0.99% | 1.14% | 1.26% | 1.31% | 1.40% |
| Nevada | 0.93% | 1.09% | 1.14% | 1.16% | 1.17% |
| New Bloomington | 1.14% | 1.30% | 1.51% | 1.57% | 1.61% |
| Prospect | 1.25% | 1.42% | 1.45% | 1.67% | 1.71% |
| Richwood | 1.32% | 1.45% | 1.46% | 1.49% | 1.53% |
| Waldo | 1.14% | 1.29% | 1.35% | 1.49% | 1.52% |
Source: Ownwell
Property Tax Assessment Values Across Marion County, Ohio
In Marion County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Marion County Appraisal District. The assessed value, however, 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. Assessment notices in Marion County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Marion County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Marion County, Harpster has the highest median tax bill at $2,829, while Marion has the lowest at $1,316. The national median property tax rate is 0.99%, highlighting the importance of understanding local property tax calculations.
Average Marion County Assessed Value
$101,515
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Marion County, Ohio
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Caledonia | $14,708 | $66,590 | $116,000 | $173,492 | $249,455 |
| Cardington | $112,196 | $144,280 | $194,740 | $253,290 | $331,318 |
| Forest | N/A | N/A | N/A | N/A | N/A |
| Galion | $90,415 | $126,660 | $171,265 | $231,802 | $301,285 |
| Green Camp | $50,830 | $69,770 | $90,060 | $110,570 | $139,200 |
| Harpster | N/A | N/A | N/A | N/A | N/A |
| Kenton | $138,149 | $173,655 | $208,460 | $256,428 | $300,899 |
| La Rue | $22,448 | $61,342 | $109,185 | $173,120 | $260,015 |
| Marion | $38,772 | $62,430 | $93,800 | $154,778 | $225,630 |
| Morral | $36,877 | $65,770 | $123,730 | $184,938 | $261,702 |
| Nevada | $89,650 | $111,840 | $135,260 | $194,970 | $268,920 |
| New Bloomington | $12,213 | $59,550 | $118,040 | $172,388 | $239,901 |
| Prospect | $77,767 | $111,680 | $155,655 | $218,082 | $297,727 |
| Richwood | $100,032 | $121,300 | $164,370 | $257,565 | $357,712 |
| Waldo | $85,370 | $114,695 | $175,540 | $275,800 | $363,030 |
Source: Ownwell
Property Tax Bills Across Marion County, Ohio
In Marion County, OH, property tax bills are determined by assessing the value of a home and applying the local tax rate to that assessed value. The median home price in Marion County is $101,515. Factors such as the property's location, size, and condition are considered during the assessment process. The tax rate is then applied to this assessed value to calculate the annual tax bill. Homeowners in Marion County experience a range of property tax bills. For example, the tax bill at the 25th percentile is $920, while at the 75th percentile, it rises to $2,316, and at the 90th percentile, it can reach $3,388. Comparing this to the national median property tax rate of 0.99%, Marion County's rates can significantly impact homeowners' finances. The highest median tax bill in the county is found in Harpster, at $2,829, while the lowest is in Marion, at $1,316. This variation illustrates how property taxes can differ widely even within the same county, affecting homeowners' budgets differently based on their property's assessed value and location.
Average Marion County Tax Bill
$1,434
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Marion County, Ohio
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Caledonia | $262 | $1,017 | $1,705 | $2,512 | $3,586 |
| Cardington | $1,440 | $1,897 | $2,552 | $3,393 | $4,278 |
| Forest | N/A | N/A | N/A | N/A | N/A |
| Galion | $1,305 | $1,656 | $2,386 | $3,345 | $4,331 |
| Green Camp | $840 | $1,162 | $1,501 | $2,018 | $2,526 |
| Harpster | N/A | N/A | N/A | N/A | N/A |
| Kenton | $1,603 | $1,976 | $2,187 | $3,106 | $3,483 |
| La Rue | $448 | $1,055 | $1,686 | $2,619 | $3,982 |
| Marion | $550 | $872 | $1,316 | $2,142 | $3,182 |
| Morral | $443 | $912 | $1,510 | $2,204 | $3,162 |
| Nevada | $1,027 | $1,146 | $1,559 | $2,228 | $2,817 |
| New Bloomington | $211 | $964 | $1,701 | $2,436 | $3,386 |
| Prospect | $1,223 | $1,681 | $2,251 | $3,193 | $4,304 |
| Richwood | $1,456 | $1,754 | $2,448 | $4,032 | $5,540 |
| Waldo | $1,171 | $1,631 | $2,459 | $3,732 | $4,836 |
Source: Ownwell