Glandorf, Ohio Property Taxes
The median property tax rate in Glandorf, OH is 1.30%, which is notably higher than the national median of 0.99% but lower than Ohio's state median of 1.80%. With the median home value in Glandorf at $121,570, the typical annual property tax bill amounts to $1,422, falling below the national median of $2,690. Property taxes in Glandorf are determined based on the tax assessed value, which is often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Familiarizing yourself with Glandorf's property tax structure, exploring available exemptions, and identifying potential reductions can lead to substantial annual savings. Whether you're located in the heart of Glandorf or another part of Putnam County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Glandorf, Ohio Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.3%
Estimate Property Tax Bill
$1,580
$1,467
Ownwell’s Glandorf Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glandorf with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glandorf 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 Glandorf, Ohio
Property taxes in Glandorf, Ohio, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glandorf is 1.30%, higher than both the Ohio state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Glandorf set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glandorf 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 Glandorf's effective property tax rate to other counties in Ohio and the national median. For comparison, the 45848 zip code has the highest median property tax rate of 1.30%, while the same zip code also has the lowest median tax rate of 1.30%. Understanding how these cities compare with Glandorf 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 Glandorf Tax Rate
1.30%
Average Putnam County Tax Rate
1.30%
Average Ohio Tax Rate
1.80%
Average United States Tax Rate
0.99%
Property Tax Rates Across Glandorf, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45848 | 1.13% | 1.24% | 1.30% | 1.30% | 1.31% |
Source: Ownwell
Property Tax Assessment Values Across Glandorf, Ohio
In Glandorf, 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 Glandorf, 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 Glandorf is $121,570, with tax bills ranging from $1,298 at the 25th percentile to $1,701 at the 90th percentile. The highest and lowest median tax bills are both $1,422, occurring in the 45848 zip code. 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 Glandorf helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Glandorf Assessed Value
$121,570
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 Glandorf, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45848 | $90,038 | $104,375 | $121,570 | $132,692 | $136,099 |
Source: Ownwell
Property Tax Bills Across Glandorf, Ohio
In Glandorf, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The assessed value is then multiplied by the local property tax rate set by Putnam County. For example, a home with a median price of $121,570 in Glandorf can expect property tax bills around the county's median of $1,422. This is notably higher than the national median property tax rate of 0.99%. Homeowners in Glandorf should be aware that their tax bills can vary widely. For instance, those in the 25th percentile can expect to pay around $1,298, while those in the 75th percentile may see bills as high as $1,548. The top 10% of homeowners might face tax bills up to $1,701. Various factors, such as changes in property values and local tax rate adjustments, can influence these amounts. Understanding these elements can help homeowners anticipate their annual property tax expenses and plan their finances accordingly.
Average Glandorf Tax Bill
$1,422
Average Putnam County Tax Bill
$1,712
Average Ohio Tax Bill
$2,396
Average United States Tax Bill
$2,690
Property Tax Bills Across Glandorf, Ohio
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 45848 | $1,151 | $1,298 | $1,422 | $1,548 | $1,701 |
Source: Ownwell