Mercer County, Ohio Property Taxes
The median property tax rate in Mercer County is 1.53%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Mercer County, the typical annual property tax bill reaches $1,932, which falls below the national median of $2,690. Property taxes in Mercer County are calculated based on the tax assessed value, typically lower than the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Mercer 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 Celina or another part of Mercer County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mercer County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.53%
Estimate Property Tax Bill
$1,983
$1,840
Ownwell’s Mercer County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mercer County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Mercer 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's 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 Mercer County, Ohio
Property taxes in Mercer County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Mercer County is 1.53%, which is higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Mercer County set these rates annually, and they can vary significantly between different areas within the county. Each year, Mercer 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. The following data compares Mercer County's effective property tax rate with other regions in Ohio and the national median. For comparison, the city of Montezuma has one of the higher property tax rates in Ohio at 1.73%, while the city of Fort Recovery boasts one of the lowest at 1.18%. Analyzing how Mercer County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Mercer County Tax Rate
1.53%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mercer County, Ohio
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Burkettsville | 1.07% | 1.29% | 1.29% | 1.32% | 1.33% |
| Celina | 1.35% | 1.58% | 1.62% | 1.65% | 1.68% |
| Chickasaw | 1.31% | 1.50% | 1.50% | 1.54% | 1.54% |
| Coldwater | 1.13% | 1.29% | 1.29% | 1.32% | 1.32% |
| Fort Recovery | 1.07% | 1.10% | 1.18% | 1.33% | 1.36% |
| Maria Stein | 1.40% | 1.40% | 1.42% | 1.43% | 1.46% |
| Mendon | 1.14% | 1.44% | 1.54% | 1.58% | 1.62% |
| Minster | 1.40% | 1.40% | 1.40% | 1.43% | 1.43% |
| Montezuma | 1.29% | 1.67% | 1.73% | 1.80% | 2.15% |
| New Bremen | 1.20% | 1.30% | 1.33% | 1.40% | 1.56% |
| New Weston | N/A | N/A | N/A | N/A | N/A |
| Rockford | 1.20% | 1.46% | 1.51% | 1.57% | 1.58% |
| Saint Henry | 1.20% | 1.30% | 1.31% | 1.34% | 1.34% |
| Saint Marys | 1.56% | 1.60% | 1.63% | 1.64% | 1.68% |
| Spencerville | 1.33% | 1.44% | 1.47% | 1.50% | 1.55% |
| Venedocia | N/A | N/A | N/A | N/A | N/A |
| Willshire | 1.43% | 1.43% | 1.44% | 1.46% | 1.48% |
| Yorkshire | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Mercer County, Ohio
In Mercer 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 Mercer 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 Mercer 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. For instance, Minster has the highest median tax bill at $3,410, while Mendon has the lowest at $1,144. Being aware of these valuation processes in Mercer County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Mercer County Assessed Value
$129,600
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mercer County, Ohio
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Burkettsville | $49,500 | $78,300 | $114,300 | $148,700 | $186,600 |
| Celina | $2,100 | $55,900 | $111,100 | $170,800 | $236,110 |
| Chickasaw | $14,700 | $113,800 | $159,200 | $217,225 | $259,220 |
| Coldwater | $84,320 | $117,750 | $155,300 | $223,400 | $309,000 |
| Fort Recovery | $15,100 | $94,800 | $155,800 | $241,100 | $320,960 |
| Maria Stein | $113,900 | $159,000 | $212,300 | $294,900 | $395,540 |
| Mendon | $2,230 | $34,000 | $75,700 | $116,200 | $162,700 |
| Minster | $66,130 | $203,125 | $240,400 | $308,175 | $351,390 |
| Montezuma | $10,620 | $44,900 | $78,300 | $111,200 | $150,480 |
| New Bremen | $127,500 | $143,150 | $203,000 | $260,550 | $327,720 |
| New Weston | N/A | N/A | N/A | N/A | N/A |
| Rockford | $18,940 | $73,350 | $101,700 | $145,100 | $187,960 |
| Saint Henry | $125,410 | $162,825 | $221,200 | $291,075 | $377,820 |
| Saint Marys | $26,730 | $61,650 | $135,550 | $177,450 | $207,950 |
| Spencerville | $26,900 | $82,400 | $129,300 | $170,400 | $266,200 |
| Venedocia | N/A | N/A | N/A | N/A | N/A |
| Willshire | $23,640 | $83,350 | $123,900 | $154,400 | $204,880 |
| Yorkshire | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Mercer County, Ohio
In Mercer 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 the county is $129,600. The tax rate is applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the property's location, size, and improvements, as well as the local government's budget needs for services like schools and infrastructure. Homeowners in Mercer County experience a range of tax bills. For instance, the 25th percentile tax bill is $1,241, while the 75th percentile tax bill is $2,879, and the 90th percentile tax bill reaches $3,992. The highest median tax bill in the county is in Minster, at $3,410, whereas the lowest median tax bill is in Mendon, at $1,144. Comparatively, the national median property tax rate is 0.99%, indicating that Mercer County's rates can significantly impact homeowners' annual expenses, depending on their property's assessed value and location.
Average Mercer County Tax Bill
$1,932
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Mercer County, Ohio
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Burkettsville | $663 | $1,010 | $1,449 | $1,823 | $2,451 |
| Celina | $204 | $1,098 | $1,813 | $2,759 | $3,824 |
| Chickasaw | $399 | $1,680 | $2,374 | $3,256 | $3,785 |
| Coldwater | $1,117 | $1,519 | $1,993 | $2,885 | $4,013 |
| Fort Recovery | $455 | $1,279 | $1,959 | $2,863 | $3,819 |
| Maria Stein | $1,616 | $2,242 | $3,018 | $4,195 | $5,679 |
| Mendon | $152 | $683 | $1,144 | $1,725 | $2,380 |
| Minster | $890 | $2,713 | $3,410 | $4,323 | $4,919 |
| Montezuma | $263 | $768 | $1,261 | $1,933 | $2,509 |
| New Bremen | $1,361 | $1,983 | $2,832 | $3,710 | $4,661 |
| New Weston | N/A | N/A | N/A | N/A | N/A |
| Rockford | $591 | $1,103 | $1,518 | $2,190 | $2,809 |
| Saint Henry | $1,653 | $2,120 | $2,866 | $3,839 | $4,959 |
| Saint Marys | $636 | $1,577 | $2,172 | $2,936 | $3,523 |
| Spencerville | $418 | $1,296 | $1,873 | $2,410 | $3,916 |
| Venedocia | N/A | N/A | N/A | N/A | N/A |
| Willshire | $440 | $1,195 | $1,780 | $2,168 | $2,935 |
| Yorkshire | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell