Cecil, Ohio Property Taxes
The median property tax rate in Cecil, OH is 1.17%, slightly higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Cecil at $96,300, the typical annual property tax bill is $1,208, which is below the national median of $2,690. Property taxes in Cecil are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Cecil'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 Cecil 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
Cecil, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$1,127
$1,046
Ownwell’s Cecil Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cecil with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cecil 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 Cecil, Ohio
Property taxes in Cecil, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cecil is 1.17%, higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Cecil set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cecil 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 Cecil's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 45821 has the highest median property tax rate of 1.17%, while the same zip code also represents the lowest median tax rate of 1.17%. Understanding how these areas compare with Cecil provides valuable insights into the varying tax landscape across Paulding County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cecil Tax Rate
1.17%
Average Paulding County Tax Rate
1.21%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cecil, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45821 | 0.90% | 1.14% | 1.17% | 1.30% | 1.33% |
Source: Ownwell
Property Tax Assessment Values Across Cecil, Ohio
In Cecil, 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 Cecil, 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 Cecil helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Cecil is $96,300, with the highest median tax bill being $1,208 in the 45821 zip code.
Average Cecil Assessed Value
$96,300
Average Paulding County Assessed Value
$87,500
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cecil, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45821 | $1,220 | $33,550 | $96,300 | $142,550 | $204,620 |
Source: Ownwell
Property Tax Bills Across Cecil, Ohio
In Cecil, property tax bills are calculated based on the assessed value of your home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the amount owed. The median home price in Cecil is $96,300, and with the national median property tax rate at 0.99%, homeowners typically pay a significant amount in property taxes. Several factors influence your property tax bill, including the assessed value of your property, the local tax rate, and any applicable exemptions or deductions. For example, the 25th percentile of tax bills in Cecil is $640, while the 75th percentile is $1,846, and the 90th percentile reaches $2,665. This range shows how property values and tax rates can vary significantly within the area. For homeowners in Cecil, understanding these factors is crucial as property taxes can impact overall housing affordability. The highest median tax bill in the area is $1,208, which is notably higher than the national median, reflecting the unique dynamics of the local real estate market.
Average Cecil Tax Bill
$1,208
Average Paulding County Tax Bill
$1,158
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Cecil, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45821 | $234 | $640 | $1,208 | $1,846 | $2,665 |
Source: Ownwell