Atwater, Ohio Property Taxes
The median property tax rate in Atwater, Ohio is 1.58%, considerably higher than both the national median of 0.99% and the Ohio state median of 1.80%. With the median home value in Atwater at $163,100, the typical annual property tax bill reaches $2,504, which is below the national median of $2,690. Property taxes in Atwater 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 Atwater'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 Atwater 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
Atwater, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$2,577
$2,391
Ownwell’s Atwater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Atwater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Atwater 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 Atwater, Ohio
Property taxes in Atwater, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Atwater is 1.58%, significantly higher than the U.S. national median of 0.99%. Local government entities within Atwater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Atwater 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 Atwater's effective property tax rate to other areas in Ohio and the national median. For comparison, the 44201 zip code has the median property tax rate of 1.58%. Understanding how these cities compare with Atwater provides valuable insights into the varying tax landscape across Portage County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Atwater Tax Rate
1.58%
Average Portage County Tax Rate
1.68%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Atwater, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44201 | 1.33% | 1.50% | 1.58% | 1.63% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Atwater, Ohio
In Atwater, 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 Portage 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 Atwater, 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 Atwater helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is found in the 44201 zip code at $2,504.
Average Atwater Assessed Value
$163,100
Average Portage County Assessed Value
$162,300
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Atwater, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44201 | $77,740 | $117,850 | $163,100 | $215,100 | $273,040 |
Source: Ownwell
Property Tax Bills Across Atwater, Ohio
In Atwater, located in Portage County, OH, property tax bills are calculated based on the assessed value of a home, which is determined by the county's appraisal district. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's market value, location, and any improvements or renovations made to the property. For homeowners in Atwater, the median home price is $163,100. Property tax bills vary significantly, with the 25th percentile tax bill at $1,796 and the 75th percentile tax bill at $3,349. The 90th percentile tax bill can reach up to $4,336. The highest median tax bill in the area is $2,504, which is higher than the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents. Understanding how these taxes are calculated helps homeowners manage their finances and anticipate annual expenses.
Average Atwater Tax Bill
$2,504
Average Portage County Tax Bill
$2,735
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Atwater, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 44201 | $1,155 | $1,796 | $2,504 | $3,349 | $4,336 |
Source: Ownwell