Vidor, Ohio Property Taxes
The median property tax rate in Vidor, OH is 1.35%, which is considerably higher than the national median of 0.99% but lower than the Ohio state median of 1.80%. With the median home value in Vidor at $149,270, the typical annual property tax bill reaches $2,020, slightly below the national median of $2,690. Property taxes in Vidor 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 Vidor'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 Vidor 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
Vidor, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.35%
Estimate Property Tax Bill
$2,015
Ownwell’s Vidor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Vidor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Vidor 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 Vidor, Ohio
Property taxes in Vidor, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Vidor is 1.35%, which is significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Vidor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Vidor 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 Vidor's effective property tax rate to other counties in Ohio and the national median. For comparison, the ZIP code 77662 has the highest median property tax rate of 1.35%, while the same ZIP code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Vidor provides valuable insights into the varying tax landscape across Pickaway County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Vidor Tax Rate
1.35%
Average Pickaway County Tax Rate
1.37%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Vidor, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77662 | 1.35% | 1.35% | 1.35% | 1.35% | 1.35% |
Source: Ownwell
Property Tax Assessment Values Across Vidor, Ohio
In Vidor, 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 Pickaway 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 Vidor, 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 Vidor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Vidor are both $2020, found in the 77662 zip code.
Average Vidor Assessed Value
$149,270
Average Pickaway County Assessed Value
$169,880
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Vidor, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77662 | $149,270 | $149,270 | $149,270 | $149,270 | $149,270 |
Source: Ownwell
Property Tax Bills Across Vidor, Ohio
In Vidor, located in Pickaway County, OH, property tax bills are calculated based on the assessed value of a home. The county assessor determines this value, which is then multiplied by the local tax rate to calculate the tax bill. Factors such as the property's location, size, and any improvements or modifications can influence its assessed value. For homeowners in Vidor, the median home price stands at $149,270. The property tax rate in this area can significantly impact annual expenses. For instance, the tax bill at the 25th, 75th, and 90th percentiles is consistently $2,020, indicating a uniform tax rate across different property valuations. This rate is notably higher than the national median property tax rate of 0.99%, potentially affecting homeowners' financial planning and housing affordability. Understanding how these factors interplay can help homeowners better anticipate their annual property tax obligations and manage their budgets accordingly.
Average Vidor Tax Bill
$2,020
Average Pickaway County Tax Bill
$2,168
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Vidor, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 77662 | $2,020 | $2,020 | $2,020 | $2,020 | $2,020 |
Source: Ownwell