Bluffton, Ohio Property Taxes
The median property tax rate in Bluffton, OH is 1.31%, which is higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With the median home value in Bluffton at $193,400, the typical annual property tax bill is $2,534, slightly below the national median of $2,690. Property taxes in Bluffton are calculated based on the assessed value, which is often lower than the market value due to exemptions like those for primary residences and agricultural land. Understanding Bluffton'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 Bluffton or another part of the city, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bluffton, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.31%
Estimate Property Tax Bill
$2,534
$2,351
Ownwell’s Bluffton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bluffton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bluffton 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 Bluffton, Ohio
Property taxes in Bluffton, Ohio, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bluffton is 1.31%, significantly higher than both the Ohio state median and the U.S. national median of 0.99%. Local government entities within Bluffton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bluffton 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 Bluffton's effective property tax rate to other areas in Ohio and the national median. For comparison, the 45817 zip code has the highest median property tax rate of 1.31%, while the 45817 zip code also has the lowest median tax rate of 1.31%. Understanding how these areas compare with Bluffton provides valuable insights into the varying tax landscape across Putnam County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bluffton Tax Rate
1.31%
Average Putnam County Tax Rate
1.30%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bluffton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45817 | 1.08% | 1.30% | 1.31% | 1.31% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Bluffton, Ohio
In Bluffton, 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 Putnam 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 Bluffton, 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 Bluffton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Bluffton are both $2,534, with the zip code 45817.
Average Bluffton Assessed Value
$193,400
Average Putnam County Assessed Value
$132,830
Average Ohio Assessed Value
$133,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bluffton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45817 | $130,750 | $141,210 | $193,400 | $231,070 | $344,916 |
Source: Ownwell
Property Tax Bills Across Bluffton, Ohio
In Bluffton, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The tax rate is applied to this assessed value to determine the annual property tax bill. Factors such as the property's location, size, and any improvements can influence its assessed value. For instance, Bluffton homeowners typically see tax bills ranging from $1,761 at the 25th percentile to $4,253 at the 90th percentile, reflecting the variability in property values and tax rates within the region. The median home price in Bluffton stands at $193,400, which can result in varying tax burdens depending on specific property assessments. The highest median tax bill in the area is $2,534, a figure that underscores how local tax rates impact homeowner expenses. Compared to the national median property tax rate of 0.99%, Bluffton residents might experience different financial implications, depending on their property's assessed value and the precise tax rate applied. This system ensures that property taxes are proportionate to property values, affecting homeowners' annual financial planning.
Average Bluffton Tax Bill
$2,534
Average Putnam County Tax Bill
$1,712
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Bluffton, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45817 | $1,545 | $1,761 | $2,534 | $3,098 | $4,253 |
Source: Ownwell