Saint Marys, Mercer County, Ohio Property Taxes
The median property tax rate in Saint Marys, OH is 1.63%, considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $135,550 in Saint Marys, the typical annual property tax bill reaches $2,172, which is below the national median of $2,690. Property taxes in Saint Marys are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Saint Marys' 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 Marys 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
Saint Marys, Mercer County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$2,209
$2,050
Ownwell’s Saint Marys Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Marys with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Marys 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 Marys, Mercer County, Ohio
Property taxes in Saint Marys, 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 Marys is 1.63%, significantly higher than the U.S. national median of 0.99%. Local government entities within Saint Marys set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Marys 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 Marys' effective property tax rate to other counties in Ohio and the national median. For comparison, the 45885 zip code has both the highest and lowest median property tax rates in the area, standing at 1.63%. Understanding how these cities compare with Saint Marys provides valuable insights into the varying tax landscape across Auglaize County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Marys Tax Rate
1.63%
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 Marys, Mercer County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45885 | 1.56% | 1.60% | 1.63% | 1.64% | 1.68% |
Source: Ownwell
Property Tax Assessment Values Across Saint Marys, Mercer County, Ohio
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Saint Marys, 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 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 Marys, 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. For instance, the median home price in Saint Marys is $135,550, with tax bills ranging from $1,577 at the 25th percentile to $3,523 at the 90th percentile. Notably, the highest and lowest median tax bills are both $2,172 in the 45885 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Saint Marys, Mercer County, Ohio
Source: Ownwell
$75,700
$158,050
$240,400
Average Saint Marys Assessed Value
$135,550
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 Marys, Mercer County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45885 | $26,730 | $61,650 | $135,550 | $177,450 | $207,950 |
Source: Ownwell
Property Tax Bills Across Saint Marys, Mercer County, Ohio
In Saint Marys, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. This assessed value is a percentage of the market value of your property. Once the assessed value is established, the local tax rate is applied to determine your annual tax bill. Several factors influence the assessed value, including the size, age, and condition of the property, as well as recent sales of similar homes in the area. In Saint Marys, the median home price is $135,550. Homeowners in the 25th percentile can expect to pay around $1,577 in property taxes, while those in the 75th percentile might see bills closer to $2,936. At the 90th percentile, tax bills reach approximately $3,523. Compared to the national median property tax rate of 0.99%, homeowners in Saint Marys experience a varied tax burden that can significantly impact their annual expenses. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average Saint Marys Tax Bill
$2,172
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 Marys, Mercer County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45885 | $636 | $1,577 | $2,172 | $2,936 | $3,523 |
Source: Ownwell