Woodville, Ohio Property Taxes
The median property tax rate in Woodville, OH is 1.84%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Woodville at $209,150, the typical annual property tax bill reaches $3,849, exceeding the national median of $2,690. Property taxes in Woodville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Woodville'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 Woodville 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
Woodville, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.84%
Estimate Property Tax Bill
$3,848
Ownwell’s Woodville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodville 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 Woodville, Ohio
Property taxes in Woodville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodville is 1.84%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Woodville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodville 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 Woodville's effective property tax rate to other counties in Ohio and the national median. For comparison, the 43469 zip code has the highest median property tax rate of 1.84%, while the same zip code also represents the lowest median tax rate of 1.84%. Understanding how these cities compare with Woodville 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 Woodville Tax Rate
1.84%
Average Ottawa County Tax Rate
1.28%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Woodville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43469 | 1.46% | 1.75% | 1.84% | 1.87% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Woodville, Ohio
In Woodville, 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 local 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 Woodville, 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 Woodville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 43469, with a median tax bill of $3,849.
Average Woodville Assessed Value
$209,150
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 Woodville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43469 | $111,894 | $147,940 | $209,150 | $269,122 | $382,673 |
Source: Ownwell
Property Tax Bills Across Woodville, Ohio
In Woodville, located in Ottawa County, OH, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to the assessed value to determine the annual tax bill. Factors such as property size, location, and any improvements made to the home can influence the assessed value. For homeowners in Woodville, the tax bill can vary significantly. The 25th percentile tax bill is around $2,623, while the 75th percentile reaches up to $4,846. At the 90th percentile, homeowners can expect to pay approximately $5,976 annually. These figures highlight the range of property tax burdens within the city, influenced by the varying property values and assessment rates. Comparatively, the national median property tax rate is 0.99%, making it essential for Woodville homeowners to understand how their local rates and assessments impact their financial obligations. This understanding can help homeowners budget accordingly and potentially seek exemptions or appeals if necessary.
Average Woodville Tax Bill
$3,849
Average Ottawa County Tax Bill
$1,848
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Woodville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43469 | $1,954 | $2,623 | $3,849 | $4,846 | $5,976 |
Source: Ownwell