Oak Harbor, Ohio Property Taxes
The median property tax rate in Oak Harbor, OH is 1.47%, which is significantly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Oak Harbor at $111,290, the typical annual property tax bill reaches $1,751, falling below the national median of $2,690. Property taxes in Oak Harbor are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Oak Harbor'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 Oak Harbor or another part of Ottawa County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oak Harbor, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.47%
Estimate Property Tax Bill
$1,636
Ownwell’s Oak Harbor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oak Harbor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oak Harbor 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 Oak Harbor, Ohio
Property taxes in Oak Harbor, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oak Harbor is 1.47%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Oak Harbor set these rates annually, which can vary across different neighborhoods. Each year, Oak Harbor 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 Oak Harbor's effective property tax rate to other counties in Ohio and the national median. For comparison, the zip code 43449 has the highest median property tax rate of 1.47%, while the same zip code also holds the lowest median tax rate of 1.47%. Understanding how these cities compare with Oak Harbor 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 Oak Harbor Tax Rate
1.47%
Average Ottawa County Tax Rate
1.28%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oak Harbor, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43449 | 1.26% | 1.41% | 1.47% | 1.73% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Oak Harbor, Ohio
In Oak Harbor, 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 Oak Harbor, 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. The median home price in Oak Harbor is $111,290. The highest median tax bill is $1,751, found in the 43449 zip code, while the lowest median tax bill is also $1,751 in the same zip code. Being aware of these valuation processes in Oak Harbor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Oak Harbor Assessed Value
$111,290
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 Oak Harbor, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43449 | $15,440 | $66,050 | $111,290 | $172,480 | $251,986 |
Source: Ownwell
Property Tax Bills Across Oak Harbor, Ohio
In Oak Harbor, property tax bills are determined by the assessed value of a home, which is a percentage of its market value. For instance, with a median home price of $111,290, the tax bill can vary significantly based on specific assessments and applicable tax rates. Factors such as property location within Ottawa County, local school district funding needs, and municipal services all play crucial roles in determining the final tax bill. Homeowners in Oak Harbor can expect a wide range of property tax bills: from the 25th percentile at $958 to the 90th percentile reaching $3,625. The median tax bill in the area stands at $1,751, which is higher than the national median property tax rate of 0.99%. These taxes fund essential community services like schools, public safety, and infrastructure, directly impacting the quality of life for residents. Consequently, understanding property tax calculations helps homeowners budget effectively and anticipate their financial commitments.
Average Oak Harbor Tax Bill
$1,751
Average Ottawa County Tax Bill
$1,848
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Oak Harbor, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43449 | $223 | $958 | $1,751 | $2,607 | $3,625 |
Source: Ownwell