Bremen, Perry County, Ohio Property Taxes
The median property tax rate in Bremen, OH is 1.42%, which is higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With a median home value of $124,690 in Bremen, the typical annual property tax bill amounts to $1,669, which is below the national median of $2,690. Property taxes in Bremen are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Bremen'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 Bremen or another part of Perry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bremen, Perry County, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$1,771
$1,643
Ownwell’s Bremen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bremen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bremen 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 Bremen, Perry County, Ohio
Property taxes in Bremen, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bremen is 1.42%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Bremen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bremen 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 Bremen's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 43107 has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Bremen provides valuable insights into the varying tax landscape across Perry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bremen Tax Rate
1.42%
Average Perry County Tax Rate
1.48%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bremen, Perry County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43107 | 1.16% | 1.34% | 1.42% | 1.45% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Bremen, Perry County, Ohio
In Bremen, 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 Perry 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 Bremen, 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. The median home price in Bremen is $124,690, with tax bills ranging from $1,074 at the 25th percentile to $3,116 at the 90th percentile. 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 Bremen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Bremen, Perry County, Ohio
Source: Ownwell
$24,980
$92,723
$160,465
Average Bremen Assessed Value
$124,690
Average Perry County Assessed Value
$71,105
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bremen, Perry County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43107 | $36,692 | $88,248 | $124,690 | $177,395 | $212,232 |
Source: Ownwell
Property Tax Bills Across Bremen, Perry County, Ohio
In Bremen, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the county's tax rate to determine the annual tax bill. For homeowners in Perry County, the median home price stands at $124,690. Tax bills can vary significantly, with the 25th percentile paying around $1,074, while those in the 75th percentile face bills closer to $2,500. At the 90th percentile, tax bills reach up to $3,116. The highest and lowest median tax bills in the county both stand at $1,669, indicating a consistent tax rate across different areas. This rate is notably higher than the national median property tax rate of 0.99%. For homeowners, understanding these factors is crucial, as property taxes can significantly impact annual expenses. The assessed value of a property and the local tax rate are key elements that determine the financial responsibility of property ownership in Bremen.
Average Bremen Tax Bill
$1,669
Average Perry County Tax Bill
$1,003
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bremen, Perry County, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43107 | $535 | $1,074 | $1,669 | $2,500 | $3,116 |
Source: Ownwell