Glouster, Ohio Property Taxes
The median property tax rate in Glouster, OH is 1.55%, which is considerably higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With the median home value in Glouster at $74,215, the typical annual property tax bill reaches $1,042, falling below the national median of $2,690. Property taxes in Glouster 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 Glouster'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 Glouster 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
Glouster, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.55%
Estimate Property Tax Bill
$1,150
Ownwell’s Glouster Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glouster with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glouster 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 Glouster, Ohio
Property taxes in Glouster, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glouster is 1.55%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Glouster set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glouster 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 Glouster's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45732 zip code has the highest median property tax rate of 1.55%, while the same zip code also has the lowest median tax rate of 1.55%. Understanding how these areas compare with Glouster 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 Glouster Tax Rate
1.55%
Average Perry County Tax Rate
1.48%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glouster, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45732 | 1.14% | 1.54% | 1.55% | 1.57% | 1.62% |
Source: Ownwell
Property Tax Assessment Values Across Glouster, Ohio
In Glouster, 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 Glouster, 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 Glouster is $74,215, with tax bills ranging from $330 at the 25th percentile to $2,524 at the 90th percentile. Notably, the highest and lowest median tax bills are both $1,042, found in the 45732 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Glouster Assessed Value
$74,215
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 Glouster, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45732 | $10,144 | $23,428 | $74,215 | $123,580 | $163,900 |
Source: Ownwell
Property Tax Bills Across Glouster, Ohio
In Glouster, located in Perry County, OH, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The median home price in Glouster stands at $74,215. Local tax authorities then apply the property tax rate to this assessed value to determine the annual tax bill. Several factors influence the final tax amount, including property size, location, and any applicable exemptions or deductions. Homeowners in Glouster can expect varying tax bills depending on their property's assessed value. For instance, those in the 25th percentile pay around $330 annually, while those in the 75th percentile see bills closer to $1,843. At the higher end, the 90th percentile tax bill reaches approximately $2,524. This range demonstrates how property taxes can significantly impact homeowners' finances, especially when compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners better anticipate their financial obligations and plan accordingly.
Average Glouster Tax Bill
$1,042
Average Perry County Tax Bill
$1,003
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Glouster, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45732 | $72 | $330 | $1,042 | $1,843 | $2,524 |
Source: Ownwell