Middle Bass, Ohio Property Taxes
The median property tax rate in Middle Bass, OH is 0.88%, which is lower than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Middle Bass, the typical annual property tax bill is $1,496, significantly below the national median of $2,690. Property taxes in Middle Bass 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 Middle Bass'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 Middle Bass 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
Middle Bass, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$1,490
$1,383
Ownwell’s MIDDLE BASS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MIDDLE BASS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MIDDLE BASS 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 Middle Bass, Ohio
Property taxes in Middle Bass, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Middle Bass is 0.88%, which is lower than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Middle Bass set these rates annually, and they can vary significantly across different neighborhoods. Each year, Middle Bass 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 Middle Bass's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43446 zip code has the highest median property tax rate of 0.88%, while the same zip code also has the lowest median tax rate of 0.88%. Understanding how these cities compare with Middle Bass provides valuable insights into the varying tax landscape across Ottawa County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Middle Bass Tax Rate
0.88%
Average Ottawa County Tax Rate
1.28%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Middle Bass, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43446 | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% |
Source: Ownwell
Property Tax Assessment Values Across Middle Bass, Ohio
In Middle Bass, 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 Ottawa 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 Middle Bass, 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 Middle Bass 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 $1,496, found in zip code 43446.
Average Middle Bass Assessed Value
$169,320
Average Ottawa County Assessed Value
$131,980
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Middle Bass, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43446 | $57,569 | $111,738 | $169,320 | $242,090 | $320,987 |
Source: Ownwell
Property Tax Bills Across Middle Bass, Ohio
In Middle Bass, property tax bills are determined based on the assessed value of your home, which is a percentage of its market value. Once the assessed value is established, the local tax rate is applied to calculate the final tax bill. For example, with a median home price of $169,320 in Ottawa County, homeowners can expect varying tax bills depending on their property's specific assessed value and applicable exemptions. For instance, the 25th percentile tax bill is around $981, while the 75th percentile tax bill reaches up to $2,145. At the higher end, the 90th percentile tax bill can be as much as $2,807. The highest and lowest median tax bills in the area both stand at $1,496, reflecting the uniformity in local tax rates. These property tax bills significantly impact homeowners by influencing their annual expenses and potentially affecting their financial planning. Comparing this to the national median property tax rate of 0.99%, Middle Bass homeowners experience a range of tax obligations that can vary widely based on individual property assessments.
Average Middle Bass Tax Bill
$1,496
Average Ottawa County Tax Bill
$1,848
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Middle Bass, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43446 | $507 | $981 | $1,496 | $2,145 | $2,807 |
Source: Ownwell