Sparta, Ohio Property Taxes
The median property tax rate in Sparta, Ohio is 1.75%, which is considerably higher than the national median of 0.99% but slightly lower than the Ohio state median of 1.80%. With the median home value in Sparta at $72,900, the typical annual property tax bill amounts to $1,293, which is below the national median of $2,690. Property taxes in Sparta are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sparta'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 Sparta 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
Sparta, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.75%
Estimate Property Tax Bill
$1,276
$1,184
Ownwell’s Sparta Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sparta with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sparta 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 Sparta, Ohio
Property taxes in Sparta, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sparta is 1.75%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Sparta set these rates annually, and they can vary across different neighborhoods. Each year, Sparta 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. For comparison, the zip code 43350 has both the highest and lowest median property tax rate of 1.75%. Understanding how these cities compare with Sparta 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 Sparta Tax Rate
1.75%
Average Morrow County Tax Rate
1.58%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sparta, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43350 | 1.33% | 1.71% | 1.75% | 1.81% | 2.01% |
Source: Ownwell
Property Tax Assessment Values Across Sparta, Ohio
In Sparta, 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. 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 Sparta helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Sparta is $1,293 in the 43350 zip code, while the lowest median tax bill is also $1,293 in the same zip code.
Average Sparta Assessed Value
$72,900
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 Sparta, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43350 | $5,400 | $16,300 | $72,900 | $105,900 | $160,700 |
Source: Ownwell
Property Tax Bills Across Sparta, Ohio
In Sparta, Morrow County, Ohio, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. For homeowners in this area, the median home price stands at $72,900. The local tax rate is applied to the assessed value to determine the annual tax bill. Factors such as property improvements, neighborhood changes, and local government budgets can influence the assessed value and, consequently, the tax bill. In Sparta, homeowners can expect property tax bills to vary significantly. The 25th percentile tax bill is around $222, while the 75th percentile tax bill is approximately $1,895. At the 90th percentile, the tax bill can reach up to $2,566. These figures highlight the range of property taxes that residents might face, depending on their home's assessed value and the specific factors influencing it. Compared to the national median property tax rate of 0.99%, Sparta's rates can be relatively modest, offering some relief to homeowners. However, understanding the local assessment process is crucial for managing property tax obligations effectively.
Average Sparta Tax Bill
$1,293
Average Morrow County Tax Bill
$1,602
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Sparta, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43350 | $94 | $222 | $1,293 | $1,895 | $2,566 |
Source: Ownwell