Stafford, Ohio Property Taxes
The median property tax rate in Stafford, OH is 1.09%, slightly higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With a median home value of $24,100 in Stafford, the typical annual property tax bill is $258, significantly below the national median of $2,690. Property taxes in Stafford are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Stafford's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Stafford or another part of Monroe County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stafford, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Stafford Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Stafford with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Stafford to provide an estimated property tax bill. This valuable tool helps you grasp potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value is determined by Monroe County for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Stafford, Ohio
Property taxes in Stafford, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stafford is 1.09%, which is higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Stafford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stafford 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 Stafford's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43786 has the highest median property tax rate of 1.09%, while the same zip code also has the lowest median tax rate of 1.09%. Understanding how these cities compare with Stafford provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Stafford Tax Rate
1.09%
Average Monroe County Tax Rate
1.01%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stafford, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43786 | 0.99% | 1.09% | 1.09% | 1.09% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across Stafford, Ohio
In Stafford, 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 Monroe 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 Stafford, 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 Stafford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $258.00, with the zip code 43786.
Average Stafford Assessed Value
$24,100
Average Monroe County Assessed Value
$70,885
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Stafford, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43786 | $1,575 | $4,965 | $24,100 | $40,170 | $76,074 |
Source: Ownwell
Property Tax Bills Across Stafford, Ohio
In Stafford, Monroe County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in Stafford is $24,100, significantly lower than the national median. Property tax rates are applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the home's market value, local tax rates, and any applicable exemptions. For instance, homeowners in Stafford might see tax bills ranging from $54 at the 25th percentile to $911 at the 90th percentile, reflecting variations in home values and specific circumstances. The median tax bill stands at $258, which is relatively modest compared to the national median tax rate of 0.99%. These property taxes fund essential local services such as schools, infrastructure, and emergency services. For homeowners, understanding how their tax bill is calculated helps in financial planning and anticipating yearly expenses.
Average Stafford Tax Bill
$258
Average Monroe County Tax Bill
$677
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Stafford, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43786 | $17 | $54 | $258 | $442 | $911 |
Source: Ownwell