Shauck, Ohio Property Taxes
The median property tax rate in Shauck, OH is 1.70%, which is considerably higher than the national median of 0.99% but slightly below Ohio's state median of 1.80%. With a median home value of $66,400 in Shauck, the typical annual property tax bill reaches $1,203, which is lower than the national median of $2,690. Property taxes in Shauck are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Shauck'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 Shauck 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
Shauck, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.7%
Estimate Property Tax Bill
$1,129
$1,047
Ownwell’s Shauck Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shauck with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shauck 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 Shauck, Ohio
Property taxes in Shauck, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shauck is 1.70%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Shauck set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shauck 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 Shauck's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43349 zip code has both the highest and lowest median property tax rate of 1.70%. Understanding how these cities compare with Shauck provides valuable insights into the varying tax landscape across Morrow County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shauck Tax Rate
1.70%
Average Morrow County Tax Rate
1.58%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shauck, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43349 | 1.27% | 1.58% | 1.70% | 1.94% | 2.53% |
Source: Ownwell
Property Tax Assessment Values Across Shauck, Ohio
In Shauck, 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 Morrow 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 Shauck, 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. For instance, the highest median tax bill in the 43349 zip code is $1,203, while the lowest is also $1,203. Being aware of these valuation processes in Shauck helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Shauck Assessed Value
$66,400
Average Morrow County Assessed Value
$98,100
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shauck, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43349 | $3,050 | $10,100 | $66,400 | $90,500 | $120,330 |
Source: Ownwell
Property Tax Bills Across Shauck, Ohio
Property tax bills in Shauck, located in Morrow County, OH, are calculated based on the assessed value of a property. The assessed value is a percentage of the market value, which is determined by the local tax assessor. This value is then multiplied by the local tax rate to determine the annual tax bill. In Shauck, the median home price is $66,400, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $250, while the 75th percentile tax bill is $1,528. Homeowners in the 90th percentile can expect to pay up to $1,937. These figures highlight the range of property tax obligations in the area, influenced by factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, Shauck's tax rates can be seen as relatively moderate, but they still represent a significant expense for homeowners. Understanding these factors can help residents better anticipate their annual property tax obligations.
Average Shauck Tax Bill
$1,203
Average Morrow County Tax Bill
$1,602
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Shauck, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43349 | $85 | $250 | $1,203 | $1,528 | $1,937 |
Source: Ownwell