Glenford, Ohio Property Taxes
The median property tax rate in Glenford, OH is 1.71%, which is considerably higher than the national median of 0.99% but slightly lower than the Ohio state median of 1.80%. With the median home value in Glenford at $127,295, the typical annual property tax bill reaches $2,171, coming in below the national median of $2,690. Property taxes in Glenford 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 Glenford'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 Glenford 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
Glenford, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$2,177
$2,020
Ownwell’s Glenford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glenford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glenford 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 Perry County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Glenford, Ohio
Property taxes in Glenford, Ohio, are essential for funding local services, including public schools, road maintenance, and emergency services. The median tax rate in Glenford is 1.71%, significantly higher than the U.S. national median of 0.99%. Local government entities within Glenford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glenford 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 Glenford's effective property tax rate to other areas in Ohio and the national median. For comparison, the zip code 43739 has the highest median property tax rate of 1.71%, while the same zip code also has the lowest median tax rate of 1.71%. Understanding how these areas compare with Glenford 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 Glenford Tax Rate
1.71%
Average Perry County Tax Rate
1.48%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glenford, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43739 | 1.48% | 1.70% | 1.71% | 1.74% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Glenford, Ohio
In Glenford, 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 Glenford, 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 zip code with the highest median tax bill in Glenford is 43739, with a median tax bill of $2,171. By being aware of these valuation processes, property owners can identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Glenford Assessed Value
$127,295
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 Glenford, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43739 | $26,355 | $71,162 | $127,295 | $188,698 | $255,345 |
Source: Ownwell
Property Tax Bills Across Glenford, Ohio
In Glenford, located in Perry County, OH, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county's property assessor and typically reflects a percentage of the property's market value. Once the assessed value is established, local tax rates, also known as millage rates, are applied to calculate the annual tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. In Glenford, homeowners can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $1,157, while the 75th percentile tax bill can reach up to $3,172. The highest tax bills, in the 90th percentile, soar to approximately $4,265. Comparatively, Glenford’s property tax rates can be higher than the national median property tax rate of 0.99%. These taxes play a crucial role in funding essential public services like schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners.
Average Glenford Tax Bill
$2,171
Average Perry County Tax Bill
$1,003
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Glenford, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 43739 | $413 | $1,157 | $2,171 | $3,172 | $4,265 |
Source: Ownwell