Saint Paris, Ohio Property Taxes
The median property tax rate in Saint Paris, OH is 1.17%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $141,000 in Saint Paris, the typical annual property tax bill amounts to $1,656, which is below the national median of $2,690. Property taxes in Saint Paris are calculated based on the assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. By understanding Saint Paris's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve significant annual savings. Whether you're in the heart of Saint Paris or another part of Miami County, a thorough grasp of the local property tax system is advantageous.
Last Updated June 14, 2024
Saint Paris, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,650
$1,531
Ownwell’s Saint Paris Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Paris with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Paris 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 Paris, Ohio
Property taxes in Saint Paris, 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 Paris is 1.17%, which is higher than the U.S. national median of 0.99%. Local government entities within Saint Paris set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Paris 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 Paris's effective property tax rate to other areas in Miami County and the national median. For comparison, the 43072 zip code has the highest median property tax rate of 1.17%, while the same 43072 zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Saint Paris provides valuable insights into the varying tax landscape across Miami County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Paris Tax Rate
1.17%
Average Miami County Tax Rate
1.33%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Paris, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43072 | 1.17% | 1.17% | 1.17% | 1.17% | 1.17% |
Source: Ownwell
Property Tax Assessment Values Across Saint Paris, Ohio
In Saint Paris, 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 Miami 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 Saint Paris, 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 Paris helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Saint Paris are both $1656, found in the zip code 43072.
Average Saint Paris Assessed Value
$141,000
Average Miami County Assessed Value
$159,300
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Paris, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43072 | $141,000 | $141,000 | $141,000 | $141,000 | $141,000 |
Source: Ownwell
Property Tax Bills Across Saint Paris, Ohio
In Saint Paris, located in Miami County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, which is determined by county assessors. Various factors contribute to the final tax bill, including property size, location, and any improvements made to the home. The median home price in Saint Paris is $141,000, with the property tax rate being consistent across different percentiles, resulting in a median tax bill of $1,656. Compared to the national median property tax rate of 0.99%, Saint Paris homeowners face a relatively higher tax burden. This tax bill funds essential local services such as public schools, infrastructure, and emergency services. For homeowners, understanding these factors is crucial as it helps in financial planning and ensures they are prepared for annual tax obligations. The uniformity in tax bills across different percentiles indicates a stable and predictable tax environment, beneficial for long-term property investment.
Average Saint Paris Tax Bill
$1,656
Average Miami County Tax Bill
$2,118
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Paris, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43072 | $1,656 | $1,656 | $1,656 | $1,656 | $1,656 |
Source: Ownwell