Saint Henry, Mercer County, Ohio Property Taxes
The median property tax rate in Saint Henry, OH is 1.31%, noticeably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $221,200 in Saint Henry, the typical annual property tax bill amounts to $2,866, surpassing the national median of $2,690. Property taxes in Saint Henry are based on the assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Saint Henry'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 Saint Henry or another part of Mercer County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Henry, Mercer County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$2,898
$2,689
Ownwell’s Saint Henry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Henry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Henry 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 Saint Henry, Mercer County, Ohio
Property taxes in Saint Henry, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Henry is 1.31%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Saint Henry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Henry 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 Saint Henry's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45883 zip code has the highest median property tax rate of 1.31%, while the 45883 zip code also has the lowest median tax rate of 1.31%. Understanding how these cities compare with Saint Henry provides valuable insights into the varying tax landscape across Mercer County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Henry Tax Rate
1.31%
Average Mercer County Tax Rate
1.53%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Henry, Mercer County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45883 | 1.20% | 1.30% | 1.31% | 1.34% | 1.34% |
Source: Ownwell
Property Tax Assessment Values Across Saint Henry, Mercer County, Ohio
In Saint Henry, 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 local 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 Saint Henry, 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 Saint Henry helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Saint Henry is $221,200, with tax bills ranging from $2,120 at the 25th percentile to $4,959 at the 90th percentile. Interestingly, the zip code 45883 has both the highest and lowest median tax bill at $2,866.
Property Tax Assessment Values Across Saint Henry, Mercer County, Ohio
Source: Ownwell
$75,700
$158,050
$240,400
Average Saint Henry Assessed Value
$221,200
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 Saint Henry, Mercer County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45883 | $125,410 | $162,825 | $221,200 | $291,075 | $377,820 |
Source: Ownwell
Property Tax Bills Across Saint Henry, Mercer County, Ohio
In Saint Henry, located in Mercer County, OH, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value. Homeowners in Saint Henry experience property tax rates that can significantly impact their annual expenses. For instance, the median home price in the area is $221,200, and the median property tax bill is approximately $2,866. This is higher than the national median property tax rate of 0.99%, reflecting the local economic conditions and funding requirements for public services. Factors such as property size, location, and improvements can influence the assessed value, thus affecting the tax bill. Homeowners at the 25th percentile pay around $2,120, while those at the 75th percentile face bills of about $3,839. The top 10% of taxpayers can see bills as high as $4,959. These variations underscore the importance of understanding local property tax assessments and their impact on household budgets.
Average Saint Henry Tax Bill
$2,866
Average Mercer County Tax Bill
$1,932
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Henry, Mercer County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45883 | $1,653 | $2,120 | $2,866 | $3,839 | $4,959 |
Source: Ownwell