Hicksville, Ohio Property Taxes
The median property tax rate in Hicksville, OH is 1.17%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Hicksville at $103,450, the typical annual property tax bill amounts to $1,243, falling below the national median of $2,690. Property taxes in Hicksville are calculated based on the assessed value, which is often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Hicksville'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 Hicksville 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
Hicksville, Ohio Property Tax Bill Calculator
$100,000
$2,500,000
$5,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$3,600
Ownwell’s Hicksville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hicksville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hicksville 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 Hicksville, Ohio
Property taxes in Hicksville, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hicksville is 1.17%, significantly higher than the U.S. national median of 0.99%. Local government entities within Hicksville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hicksville 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 Hicksville's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 43526 has the highest median property tax rate of 1.17%, while the same zip code also has the lowest median tax rate of 1.17%. Understanding how these areas compare with Hicksville provides valuable insights into the varying tax landscape across Defiance County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hicksville 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 Hicksville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43526 | 1.07% | 1.16% | 1.17% | 1.21% | 1.29% |
Source: Ownwell
Property Tax Assessment Values Across Hicksville, Ohio
In Hicksville, 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 Paulding 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 Hicksville, 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. For example, in the zip code 43526, the median tax bill is $1243. Being aware of these valuation processes in Hicksville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hicksville Assessed Value
$103,450
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 Hicksville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43526 | $36,550 | $76,850 | $103,450 | $163,225 | $226,500 |
Source: Ownwell
Property Tax Bills Across Hicksville, Ohio
In Hicksville, located in Paulding County, OH, property tax bills are calculated based on the assessed value of a property and the local tax rate. The median home price in Hicksville is $103,450. The assessed value is typically a percentage of the market value, which is then multiplied by the local tax rate to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Hicksville can expect a range of property tax bills. The 25th percentile tax bill is approximately $904, while the 75th percentile tax bill is around $1,943. For those at the 90th percentile, the tax bill can reach up to $2,570. These figures highlight the variability in property tax obligations, which can significantly impact homeowners' finances. Comparatively, Hicksville's property tax rates are in line with the national median property tax rate of 0.99%, providing a balanced perspective for residents when considering their financial commitments.
Average Hicksville Tax Bill
$1,243
Average Paulding County Tax Bill
$1,158
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Hicksville, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43526 | $554 | $904 | $1,243 | $1,943 | $2,570 |
Source: Ownwell